The fund seeks capital appreciation by investing in companies across any size 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 stocks of issuers in emerging and developing markets throughout the world.

The te More

The fund seeks capital appreciation by investing in companies across any size 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 stocks of issuers in emerging and developing markets throughout the world.

The team may also invest in frontier market countries.

In addition, the team focuses on securities of issuers that are economically tied to an emerging market country, and in derivatives and other instruments that have economic characteristics similar to such securities.

Also, the team considers an issuer to be economically tied to a emerging market country based on factors such as geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues or profits from goods produced or sold from, or investments made or services performed in, an emerging or developing market.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on a company’s financial statements, management record, and capital structure, operations, product development, and competitive position in its industry.

The team also looks for newer or established businesses that are entering into a growth cycle, have the potential for accelerating earnings growth or cash flow.

In addition, the team focuses on companies that may benefit from the effect of worldwide trends.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 manager takes a broad view that stretches across industries, sectors, companies and a company’s operational functions, when considering whether a company is deemed to be innovative.

Also, the fund will invest in at least three emerging market countries.

At times, the fund may invest up to 100% of its net assets in securities of issuers in emerging and developing markets.

Additionally, the fund may invest directly in certain eligible China A Shares through Stock Connect.

The fund generally has greater exposure to small-and mid-sized companies.