The fund seeks capital appreciation in the long term and income 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 invests in stocks of companies in developed countries outside the U.S. and of companies in the U.S.

The team focuses on companies that pay dividends or repurchase their shares.

Next, the research team prefers companies that are trading at a discount to their estimated intrinsic value and are out of favor with investors.

In addition, the team looks for companies that are inexpensive on the basis of earnings, book value, and cash flow, as well as focuses on attributes such as financial strength and high yield.

The fundamental research includes company-specific research, company visits, and interviews of suppliers, customers, competitors, industry analysts, and experts.

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 up to 25% of its net assets in companies in emerging (less developed) markets.

Also, the fund will invest at least 40% of its net assets in a number of countries outside the U.S.