The fund seeks capital appreciation in the long term and income 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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical and macroeconomic issues.

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 manager invests in established companies either located outside the United States or whose primary business is carried on outside the United States.

In addition, the fund may invest in a company domiciled in the United States if more than 50% of the company’s assets, personnel, sales or earnings are located outside the United States and therefore the company’s primary business is carried on outside the United States.

The fund will invest no more than 20% of its net assets in investments in developing countries or emerging markets, but may have significant exposure to the United Kingdom.

Also, the fund may invest a portion of its net assets (up to 20%) in high-grade fixed income securities or other investments that may provide income, including cash and money market securities.

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

The fund seeks capital appreciation in the long term and income 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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the team evaluates a company’s cash flow, financial strength, profitability, and potential or actual catalysts that could positively impact share prices.

The team also considers geopolitical More