The fund seeks capital appreciation in the long term and current income by investing in companies outside the United States.
The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
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 well-established companies located in emerging markets and developing countries demonstrating the potential for growth and/or to pay dividends.
In addition, the team prefers companies offering superior earnings and dividend-paying capacity.
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 stocks of attractively valued companies that represent good investment opportunities over the long term.