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.
Next, the research team invests in US and non-US growth companies, including depositary receipts.
The team focuses on companies that exhibit franchise characteristics, an accelerating profit cycle and are trading at discounts to their estimate of private market value.
In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.
As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.
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 portfolio typically has approximately between 40 and 60 holdings.
The fund may invest in developed markets, as well as emerging and less developed markets.
However, 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.