The fund seeks maximum capital appreciation in the long term by investing in companies across any size 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.
The strategy relies on thematic idea generation framework to construct a focused portfolio designed to maximize alpha while limiting downside risk over the long term.
The process seeks to identify inflections in multi-year trends which may be caused by changes in supply/demand dynamics, societal behavior, market conditions, technology, laws/regulations and business models.
Next, the research team invests in securities of non-US companies (including depositary receipts).
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’s investments in non-US securities may include investments in developed markets, as well as emerging and less developed markets.
Additionally, the fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.
The fund may invest in exchange-traded funds, real estate investment trusts, as well as debt securities of any maturity or duration.
Also, the fund may maintain a significant portion of its net assets in cash from time to time in response to adverse market, economic, political or other conditions.
The fund is non-diversified, which means that it may invest a greater portion of its assets in a more limited number of issuers than a diversified fund.