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 utilizes value, momentum, and other factors to construct the portfolio.
In the value screen, the team relies on valuation multiples such as earnings and book value to identify companies that appear cheap.
As part of the momentum screen, the team focuses on simple price momentum and foreign exchange rate momentum to look for companies with superior recent performance.
In addition, the team utilizes quantitative strategies to look for stable and financially sound companies, including those with excellent profitability and stable earnings.
In the sentiment strategies, the team favors companies operated by management teams aligned with shareholders’ interests.
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.
Also, a portion of the fund’s net assets will be held in cash or cash equivalents including, but not limited to, money market instruments, interests in short-term investment funds or shares of money market or short-term bond funds.
In addition, the fund may have a significant long or short exposure to the U.S. dollar through the implementation of the fund’s principal investment strategies.