The fund seeks 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 focuses on securities of emerging market companies.

The team favors compani More

The fund seeks 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 focuses on securities of emerging market companies.

The team favors companies that are uniquely positioned to benefit from the growth potential in emerging markets and possess a sustainable global competitive advantage.

In addition, the team evaluates companies on the basis of sustainable earnings, risk analysis, and valuation.

The team determines a company’s sustainable earnings based upon financial and strategic analyses.

As part of the team's analysis of a company's sustainability, the team considers environmental, social and governance factors relating to the company.

Next, the team’s risk-rating assessment includes a review of country-appropriate macroeconomic risk factors to which a company is exposed.

Additionally, the team values a business and develops a price target for a company based on its assessment of the business’s sustainable earnings and risk analysis.

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 manager selects securities of issuers domiciled, headquartered, or whose primary business activities or principal trading markets are in emerging and less developed markets.

The fund is non-diversified, which means that it may invest a greater portion of its net assets in a more limited number of issuers than a diversified fund.

Also, the fund generally will not invest more than 15% of its net assets in the securities of a single issuer.

The fund may invest to a limited extent 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.