The fund seeks capital appreciation in the long term by investing in companies outside the United States.
The 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 invests in securities of domestic and international companies.
The team assesses a security’s value based on an issuer’s financial profile, management, and business prospects.
In addition, the team evaluates a security on the basis of financial information, market trends and price movements.
Also, the research team integrates environmental, social and governance factors as part of its process.
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 invests approximately 40% of its net assets in foreign assets.
However, the fund could invest a much lower percentage of its net assets in foreign assets depending on market conditions.
According to the investment team, an asset maybe determined to be foreign based on the issuer’s domicile, principal place of business, stock exchange listing, source of revenue, or other factors.
Foreign securities may also include depositary receipts.