The fund seeks capital appreciation in the long term 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 companies in foreign developed markets, including those in emerging markets.
The team relies on in-house research to look for companies that are attractively valued relative to their long-term growth prospects.
The team relies on fundamental analysis to evaluate companies on factors such as growth, valuation and quality..
Also, the team selects companies that demonstrate attractive and consistent growth and valuation characteristics.
Additionally, 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 may invest in any foreign country and is unconstrained by any particular region, style or sector.
The portfolio typically holds between40 and 50 securities.
In addition, the fund invests n issuers in at least three foreign countries. However, the fund may invest a substantial part of its net assets in just one country.