The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The fund manages assets with the help of three sub-advisers. The sub-advisers are Arrowstreet Capital, Limited Partnership, Baillie Gifford Overseas Limited, and Causeway Capital Management LLC.
The fund allocates its net assets among different asset managers that utilize various investment styles and strategies to invest in securities of foreign companies.
The sub-advisers make investment decisions for their respective sleeves independently of one another.
The sub-advisers’ 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.
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, the manager may invest in stocks of non-U.S.-domiciled companies, and may invest in emerging market countries.
From time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.
Additionally, the fund may emphasize one or more sectors in selecting its investments, including the financial services, and industrials sectors.