The fund seeks primarily a high level of current income and secondarily steady 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 U.S. and non-U.S. issuers.< More

The fund seeks primarily a high level of current income and secondarily steady 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 U.S. and non-U.S. issuers.

Also, the fund will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

A security is deemed to be economically tied to a country or countries outside of the United States if the company is organized in, or its primary business office or principal trading market of its equity are located in, a country outside of the United States.

Also, a security is deemed to be economically tied to a country or countries outside of the United States if a majority of the company’s revenues are derived from outside of the United States, or a majority of the company’s assets are located outside of the United States.

In selecting securities for the portfolio, the research team focuses on companies with attractive long-term business prospects that generate cash and produce attractive levels of dividend income.

The team also looks for companies that are estimated to trade below their fair values or inexpensive relative to other similar investments.

Other factors in consideration when selecting securities are valuation multiples such as earnings, balance sheet strength, valuation relative to asset values, return on equity, and cash flow generation.

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 portfolio consists of income-producing equity securities, such as common and preferred dividend-paying stocks.

The fund does not estimate to invest more than 25% of its net assets in securities of companies based in emerging markets.

Additionally, the fund may invest in companies domiciled in any country and may, under unusual circumstances, invest in a single country or a limited number of countries.

The fund may also invest in derivatives, equity real estate investment trusts and preferred stocks.

Also, the fund may lend portfolio securities on a short-term or long-term basis.