The fund seeks total return 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 focuses on securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on companies that are estimated to trade below their fair values.

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 may invest among a number of different sectors and countries throughout the world with no limit on the amount of assets that may be invested in any one sector or country.

Also, the fund may invest up to 25% of its net assets in issuers that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets.

In addition, based on market or economic conditions, the fund may focus in one or more sectors of the market.

The fund seeks total return 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 focuses on securities of foreign issuers, including non-dollar securities and securities of emerging market issuers.

The team relies on fundamental analysis to screen for companies that appear inexpensive on the basis of price, valuation and/or market expectations.

Additionally, the team focuses on More