The fund seeks capital appreciation in the long term 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.
Next, the research team favors securities of companies located in emerging market countries.
Emerging market countries include those countries whose economies are considered to be developing or emerging from under development.
In addition, the team prefers companies that are estimated to trade below their fair values and represent growth opportunities, or both.
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 fund may also invest in companies through depositary receipts.
Also, the fund may invest in a variety of countries, industries and sectors.
From time to time, the fund may focus its investments in certain countries or geographic areas, including the Asia/Pacific region.
In addition, the team emphasizes companies that are experiencing special situations such as initial public offerings, tender offers, mergers and other corporate restructurings, and management changes or companies developing new technologies.