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 focuses on securities of companies from countries considered to be emerging market countries or that a 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 focuses on securities of companies from countries considered to be emerging market countries or that are economically linked to emerging market countries.

According to the team, the issuer of a security or other investment generally is deemed to be economically linked to a particular country if the security or other investment is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities.

Also, the team considers whether the issuer is organized under the laws of, and maintains a principal office in, that country, or the issuer has its principal securities trading market in that country.

Other factors in consideration would be if the issuer derives 50% or more of its total revenues from goods sold or services performed in that country, or the issuer has 50% or more of its assets in that country, or the issuer is included in an index which is representative of that country.

Emerging market countries include, but are not limited to, those considered to be developing by the International Monetary Fund, the World Bank, the International Finance Corporation or one of the leading global investment banks.

The majority of these countries are likely to be located in Asia, Latin America, the Middle East, Central and Eastern Europe, and Africa.

In selecting securities for the portfolio, the research team combines a top-down analysis with a bottom-up stock selection process.

From a top-down standpoint, the team seeks to identify current trends or themes which indicate specific industries that have the potential to experience multi-year growth.

In addition, the team also focuses on factors such as growth momentum, liquidity in the market, systematic changes, demographics, and economic/business cycle.

The team also relies on factors that include political climate, inflation and foreign exchange rates, fiscal and central bank policies, demographics, oil-price sensitivity and any additional factors that could impact the region or sector.

Then the team narrows the investable universe to a list of companies with attractive long-term earnings growth potential, a superior debt/equity ratio, positive catalysts for change, proven management, competitive advantage, superior products, healthy balance sheets and/or good corporate governance.

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 invest in A-Shares of certain Chinese companies through various connect programs with local stock exchanges in China.

Also, the fund may invest up to 100% of its net assets in foreign securities and may invest in depositary receipts of foreign issuers.

Additionally, the fund may also invest up to 20% of its net assets in companies that are not located in, or economically linked to, emerging market countries.