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.

Next, the research team invests in securities of issuers whose principal activities are i More

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.

Next, the research team invests in securities of issuers whose principal activities are in a developing (or emerging) market, i.e. are in a developing market or are economically tied to a developing market country.

The team considers an issuer to be economically tied to a developing market country based on the geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues from a developing market.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on a company’s financial statements, management record, capital structure, operations, product development, and competitive position in its industry.

The team also looks for newer or established businesses that are entering into a growth cycle, have the potential for accelerating earnings growth or cash flow, and are trading at reasonable valuations.

In addition, the team focuses on companies that may benefit from the effect of worldwide trends.

Also, the team focuses on companies with above-average earnings growth potential.

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 will invest in at least three developing markets, and may at times have significant exposure to one or more industries or sectors.

Additionally, the fund may invest up to 100% of its net assets in foreign securities.

The fund may invest directly in certain eligible China A Shares through Stock Connect.

Also, the fund may hold a portion of its net assets in cash or cash equivalents.