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 focuses on mispriced companies that are trading at discounts to their estimated intrinsic values.

In selecting securities for the portfolio, the research team looks for companies that represent the optimal combination of long-term value and quality.

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 team will invest in securities of non-U.S. issuers, which may include issuers from both developed and emerging markets countries.

The team considers a company to be a non U.S. issuer if it is organized outside the United States or maintains a principal place of business outside the United States, or its securities are traded principally outside the United States.

Also, the team may consider a company to be a non U.S. issuer if during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed outside the United States or it has at least 50% of its assets outside the United States.

The fund also may invest in the securities of Chinese companies, normally restricted to residents of the People’s Republic of China.

Additionally, the fund may invest in other investment companies, including exchange-traded funds.

The fund may hold a portion of its assets in cash and cash equivalents or money market instruments.

While the fund may invest in companies of any market capitalization, it expects to primarily invest in large capitalization companies.

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 focuses on mispriced companies that are trading at discounts to their estimated intrinsic values.

In selecting securities for the portfolio, the research team looks for companies that represent the optimal combination of long-term value and quality.

Then the manager constructs a portfolio More