The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The sub-adviser’s 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.
The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team emphasizes companies that are estimated to trade below their fair values but exhibiting above average return potential.
The team also looks for companies exhibiting good prospects for earnings growth.
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 favors companies located in developed countries of Europe and the Far East, and in countries with emerging capital markets anywhere in the world.
The manager will allocate a substantial amount of the fund’s net assets in securities of foreign government issuers, or of issuers organized or located outside the United States, or of issuers which primarily trade in a market located outside the United States, or of issuers doing a substantial amount of business outside the United States, which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the United States or have at least 50% of their sales or assets outside the United States.
The fund has the flexibility to allocate its net assets among various regions and countries, including the United States but in no less than three different countries.
The fund may invest in companies across all market capitalizations but will focus mainly on medium and large capitalization companies.
The fund may invest up to 25% of its net assets in global fixed income securities.