The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in large and mid-size companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests significantly in com More

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in large and mid-size companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests significantly in component securities of the Underlying Index.

The Underlying Index is designed to measure the performance of companies globally that display a commitment to the United Nations’ Sustainable Development Goals, adhere to the principles of the UN Global Compact, display a commitment to reducing poverty and supporting economic development globally and have exposure to countries with low levels of socioeconomic development.

Additionally, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index.

Also, the team evaluates companies based on factors such as market capitalization and industry weightings.

In addition, the team also assesses a company’s return variability, leverage and price to earnings ratios, and liquidity characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund will invest in at least three countries, including the United States.

Also, at least 40% of its net assets will be invested in the securities of non-U.S. companies, which may be in both developed and emerging market countries.

The fund may invest 20% of its net assets in securities and instruments not included in the Underlying Index.

However, the fund may invest in securities of any type and of companies of any market capitalization, market sector or industry.

The fund may or may not hold all of the securities in the Underlying Index.

The fund concentrates its investments in a particular industry or group of industries to approximately the same extent as the Underlying Index is so concentrated.

The fund also may invest in warrants and may also utilize derivatives, primarily swaps, options and futures contracts on securities, interest rates and/or currencies.

In addition, the fund may be invested in cash and cash equivalents, including shares of money market funds advised by the Adviser or its affiliates.