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 invests in securities of companies located in developed and emerging countries.
The research team invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.
This may also include companies that have their securities traded on non-U.S. exchanges, or have been formed under the laws of non-U.S. countries.
The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.
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.
From time to time, the fund may focus its investments in certain countries or geographic areas, including Europe.
Also, the fund may from time to time emphasize one or more sectors in selecting its investments, including the healthcare and the information technology sectors.