International Equity Index

Summary

The International Equity Index Fund is a good choice for those moderate risk investors seeking competitive long-term investment returns through a broadly diversified portfolio. The Fund offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.

Fund Objective

The Fund seeks to provide investment results approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE® Index (the “Index”).

Fund Strategy

• Passively managed, the Fund seeks to duplicate the investment composition and overall performance of the stocks included in the MSCI EAFE® Index.
• The MSCI EAFE® Index consists of 21 developed countries, primarily in Europe and Asia.
• Use proprietary quantitative techniques designed to minimize trading costs.

Investor Profile

If you're a moderate risk investor seeking competitive long-term investment returns through a broadly diversified portfolio, this Fund may be appropriate for you. It offers a high degree of relative predictability in an uncertain stock market by seeking investment results, before expenses, approximating the aggregate price and dividend performance of the securities included in the MSCI EAFE Index.

Redemption Fee

2% on shares sold or exchanged within 30 days of purchase

Risk/Reward Potential

Overall Morningstar Rating ^TM

Among 676 foreign large blend funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 8/31/23.

International Equity Index received 4 stars for the 3-year rating among 676 foreign large blend funds, 4 stars for the 5-year rating among 617 funds and 3 stars for the 10-year rating among 407 funds.

The Morningstar Rating^TM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

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