The fund seeks total return in excess of inflation by investing in companies outside the United States.

The sub-adviser’s 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 in a combination of investments that offer exposure to real assets.

The fund seeks exposure to real assets categories such as real estate, commodities, natural resource related equities, infrastructure, gold and other precious metals, master limited partnerships, Treasury Inflation-Protected Securities and other fixed income securities.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 generally invests between 25% and 75% of its net assets in securities of foreign issuers, including up to 10% of fund assets in issuers located in countries with new or emerging markets.

In addition, the fund may invest up to 10% of its net assets in affiliated and unaffiliated exchange-traded funds and may also invest in certain other securities, including fixed income securities, and derivative instruments, including gold futures contracts and other commodity-linked futures.

Additionally, the fund may invest up to 25% of its net assets in a wholly owned subsidiary formed under the laws of the Cayman Islands (the Subsidiary).

Generally, the Subsidiary will invest in commodity-linked derivative instruments (including, but not limited to, futures contracts, options, and total return swaps) and fixed income instruments, some of which may serve as margin or collateral for the Subsidiary’s derivatives positions.

The fund seeks total return in excess of inflation by investing in companies outside the United States.

The sub-adviser’s 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 in a combination of investments that offer exposure to real assets.

The fund seeks exposure to real assets categories such as real estate, commodities, natural resource related equities, infrastructure, gold and other precious metals, master limited partnerships, Treasury Inflation-Protected Securities and other fixed More