The fund seeks capital appreciation by investing in companies 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 is designed with an emphasis on investing in businesses that deliver positive change by contributing towards a more sustainable a More

The fund seeks capital appreciation by investing in companies 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 is designed with an emphasis on investing in businesses that deliver positive change by contributing towards a more sustainable and inclusive world.

Next, the research team invests in securities of issuers located in countries of developed, emerging, and frontier markets.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on company research and the long-term outlook of companies and industries.

In addition, the process includes research trips, company meetings, and relationships with industry thought leaders and academic institutions.

Other factors in consideration when assessing companies include long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

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 holds securities of between 25 and 50 growth companies that have the potential to outperform the benchmark over the long term.

Also, the manager believes these growth companies deliver a positive change in areas such as social inclusion and education, healthcare, the environment, and in addressing basic needs and aspirations of the world’s poorest populations.

Additionally, the fund aims to hold securities for long periods, typically 5 to 10 years.

In addition, the fund may participate in initial public offerings and in securities offerings that are not registered in the U.S.

The fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors.

Also, the fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies.