The fund seeks capital appreciation in the long term and income by investing in companies outside the United States.
The sub-adviser’s 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 focuses on companies that are estimated to generate income by paying dividends.
The team relies on a value investing style to look for companies with attractive valuation and fundamental strength.
In addition, the team narrows the investable universe by industry to identify the most attractively valued securities in each industry.
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 may invest up to 50% of its net assets in emerging market securities.
The fund may also achieve its exposure to non-U.S. equity securities through investing in American Depositary Receipts.