The fund seeks capital appreciation in the long term by investing in companies across any size 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 domestic and foreign equity securities of transformational innovation companies.

The team defines transformational innovation companies as those with divisions that primarily focus on developing or benefitting from new products, services, technologies or advancements that disrupt, or are expected to disrupt, existing markets or processes.

The types of transformational innovation companies that the team invests in are those relating to genomics (Genomic Revolution Research), autonomous technology and robotics (Autonomous Technology and Robotics Research), shared technology and the internet (Next Generation Internet Research), or financial services (FinTech Innovation Research.

Genomic Revolution Research focuses on extending and enhancing the quality of human, and other, life.

Autonomous Technology and Robotics Research focuses on technological improvements and advancements in automation and manufacturing, energy, transportation and artificial intelligence.

Next Generation Internet Research focuses on developments in the global technology infrastructure, including hardware, software and the shift to mobile devices.

FinTech Innovation Research focuses on innovations in the financial sector including payment technologies, lending methods, currencies and business analytics.

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 invests in foreign equity securities that are in both developed and emerging markets.

Also, the fund invests in American Depositary Receipts and securities sold on foreign exchanges and securities denominated in foreign currencies when purchasing foreign equities.

Additionally, the fund at times may invest in shares of other investment companies, including money market funds and exchange-traded funds.

The fund may lend its securities to broker-dealers and other institutions to earn additional income.

Also, the fund is non-diversified, which means that it may invest a high percentage of its assets in a limited number of issuers.

The fund seeks capital appreciation in the long term by investing in companies across any size 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 domestic and foreign equity securities of transformational innovation companies.

The team defines transformational innovation companies as those with divisions that primarily focus on developing or benefitting from new products, services, technologies or advancements that disrupt, or are expected to More