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 equity securities and depositary receipts of domestic and foreign issuers.
The team favors companies that demonstrate earnings or revenue growth potential.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on quality growth companies that have durable earnings growth, efficient capital allocation, and attractive prices.
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 will invest in companies economically tied to at least three different countries, including the U.S.
Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.
The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
The fund may also invest in China A shares.
In addition, the fund may invest in derivative instruments, including forward foreign currency contracts and futures contracts.