The fund seeks capital appreciation by primarily investing in companies located outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team narrows the opportunity set to those companies that meet earnings, growth, and return on capital hurdles.
The fund invests in companies that are estimated to trade cheaper than their intrinsic valuation at attractive discounts and also considers companies that are growing at faster rates than their peers or market averages.
The stock selection process is designed to construct a diversified portfolio of stocks with a below average price-to-earnings ratio and above-average earnings growth trend to the benchmark index.