The fund seeks capital appreciation and income 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 securities of foreign and domestic companies.

In selecting securities More

The fund seeks capital appreciation and income 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 securities of foreign and domestic companies.

In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team evaluates companies on the basis of valuation multiples such as sales, book value, earnings, and earnings-to-growth.

Additionally, the team looks for changes to revenue growth rates, operating margins, outstanding share counts, earnings multiples, and tangible book value.

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 may also invest in companies domiciled in at least three countries, including the United States.

Also, the fund may invest a significant portion of its net assets in companies domiciled in foreign countries.

The fund may invest a significant amount of its net assets in securities issued by companies domiciled in emerging and frontier markets. These companies typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa.

Additionally, the fund may invest a significant amount of its net assets in a particular region or market, including Asia, Europe and the United Kingdom.

The fund may invest a large percentage of its assets in a few sectors, including communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, and utilities.