The fund seeks capital appreciation by investing in small-size 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 countries world-wide, including the United States, foreign developed countries and emerging markets.
The fund will invest at least 40% of its net assets in securities of issuers located outside of the United States.
Also, the fund will allocate its assets among at least three different countries (one of which may be the U.S.).
In addition, the team prefers stocks of companies that have the potential to increase in value over time.
The research process is driven by fundamental analysis of one stock at a time.
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.