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 strategy has the flexibility to seek growth and income opportunities around the world.
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 issuers domiciled outside the United States, including those based in developing countries.
The team favors well-established companies located around the world that have the potential to pay dividends.
In addition, the team prefers attractively valued companies that represent good, long-term 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.
The fund invests, on a global basis, in stocks that are denominated in U.S. dollars or other currencies.