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 invests in securities of companies located throughout the world.

Then the r 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 invests in securities of companies located throughout the world.

Then the research team focuses on factors such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting financial characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the team looks for companies with the presence of near-term catalysts that can change investor perception.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 between 20 and 30 stocks.

The manager invests at least 40% (or, if conditions are not favorable, invests at least 30%) of the fund’s net assets in foreign companies.

Also, the investment team considers a company to be a foreign company if 50% of the company’s assets are located outside of the United States, or 50% of the company’s revenues are generated outside of the United States, or the company is domiciled or doing a substantial amount of business outside of the United States.

The majority of these companies operate in established markets; however, the fund may invest up to 25% of its net assets in securities of companies in emerging market countries.

Additionally, an emerging market country is any country to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.

Also, the fund invests in at least three different countries.