Global Equities

The Global Focused Growth Equity Composite seeks long-term capital appreciation primarily through investment in established companies operating in developed markets throughout the world, with faster earnings growth and reasonable valuation levels relative to market/sector averages. Further, the strategy seeks to buy companies where there is insight about improving economic returns of the business that are not fully reflected in their valuation.

The Global Growth Equity Composite seeks long-term capital appreciation by investing primarily in a diversified portfolio of transferable equity and equity-related securities of larger cap companies listed on the world's stock markets.  The portfolio may include investments in the securities of companies listed on the stock exchange of developed and developing countries.

The Global Impact Equity Composite seeks long-term capital growth by seeking positive environmental or social impact and outperforming the MSCI All Country World Index Net. The investment universe is defined by applying the proprietary T. Rowe Price Sustainable fund exclusion list with added categories determined not possible to generate positive impact and industry-specific impact inclusion criteria, guided by three investment pillars and eight sub-pillars aligned to the UN SDGs.

The Europe Equity Composite seeks long-term capital appreciation primarily through investment in established companies, in developed European markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages. The strategy generally includes 0-10% exposure to emerging-market stocks, as defined by inclusion in the European segment of the MSCI's Emerging Markets (Free) Index.

The Emerging Markets Discovery Equity Composite seeks long-term capital appreciation primarily through investment in emerging markets with attractive valuation levels relative to market/sector averages.

The China Evolution Equity Composite seeks long-term capital appreciation primarily through investments in common stocks of Chinese companies.