The fund seeks primarily capital appreciation and secondarily current income 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 the securities of U.S. and non-U.S. infrastructure-related issuers.
According to the team, an infrastructure-related issuer has at least 50% of its assets consisting of infrastructure assets or 50% of its gross income or net profits attributable to or derived, directly or indirectly, from the ownership, management, construction, development, operation, utilization or financing of infrastructure assets.
Examples of infrastructure assets include transportation assets, utility assets, and social assets.
In addition, the fund maintains no less than 40% of its net assets in the securities of issuers located outside of the United States.
Also, the fund will allocate its net assets among issuers located in no fewer than three different countries, one of which may be the United States.
The fund considers an issuer to be located in a country if the issuer is organized under the laws of the country or maintains its principal place of business in that country, or the issuer's securities are traded principally in the country.
Additionally, the fund considers an issuer to be located in a country if during the issuer's most recent fiscal year, such issuer derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in the country or has at least 50% of its assets in that country.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team relies on fundamental analysis to evaluate companies on the basis of quality and price.
Also, 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 fund concentrates its investments in infrastructure-related issuers.
Also, the fund may invest without limitation in the securities of foreign issuers that are publicly traded in the United States or on foreign exchanges, including securities of emerging market issuers, and in depositary receipts.
The fund seeks total return in the long term and current income by investing in companies 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 Infrastructure Investments. Infrastructure Investments include any assets or projects that support the operation, function, growth or development of a community or economy.
The infrastructure assets in which the fund invests include assets related to transportation, transportation equipment, electric utilities and power, energy, communication networks and equipment, water and sewage treatment, social infrastructure, metals, and mining.
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 in Infrastructure Investments in the United States or in foreign countries, including emerging market countries. However, the fund generally seeks to invest principally in instruments denominated in U.S. dollars.
Additionally, the fund may invest more than 50% of its net assets in investment grade investments and unrated instruments to be of comparable credit quality.
The fund seeks total return including capital appreciation and current income by investing in companies that own and/or operate physical infrastructure.
The investment process looks for companies around the world that own and/or operate physical infrastructure that support global economic growth. Some of the examples of infrastructure include energy pipeline network, communication towers, ports, electric energy producers or network operators, and bridges and tunnel operators.
The fund looks for companies in each region of the world that offer superior risk-reward profile and favors companies that are estimated to create shareholder value in the longer-term.
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 infrastructure companies, such as utilities, toll roads, airports, ports and communications companies.
The team prefers infrastructure companies that have an appropriate capital structure, are likely to generate reliable income streams and benefit from inflation protection.
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 portfolio will generally consist of 80 to 100 companies.
The fund will invest in both U.S. and non-U.S. companies.
With respect to its non-U.S. investments, the fund invests in companies located in developed countries but may also invest in emerging markets.
The fund seeks total return 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 equity securities of U.S. and non-U.S. infrastructure-related companies and in derivatives and other instruments that have economic characteristics similar to such securities.
The team considers a company to be an infrastructure-related company if it derives at least 50% of its revenue or profits from the ownership or operation of infrastructure assets, which include the physical structures, networks and systems of transportation, energy, water and sewage, and communication.
Examples of infrastructure assets include transportation assets, utility assets and social assets.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates and ranks potential investments.
The team favors companies demonstrating consistent cash flow growth, positive earnings revisions, relatively attractive multiples to cash flow and assets to price, durable dividends, and favorable investor reception relative to peers.
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 companies economically tied to at least three different countries, including the U.S.
Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.
The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
The fund may also invest in infrastructure-related companies organized as master limited partnerships.
In addition, the fund may invest in derivative instruments, including forward foreign currency contracts and futures contracts.
The fund is non-diversified, which means that it can invest a greater percentage of its assets in a small group of issuers or in any one issuer than a diversified fund can.
The fund seeks total return 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 equity securities of U.S. and non-U.S. infrastructure-related companies and in derivatives and other instruments that have economic characteristics similar to such securities.
The team considers a company to be an infrastructure-related company if it derives at least 50% of its revenue or profits from the ownership or operation of infrastructure assets, which include the physical structures, networks and systems of transportation, energy, water and sewage, and communication.
Examples of infrastructure assets include transportation assets, utility assets and social assets.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates and ranks potential investments.
The team favors companies demonstrating consistent cash flow growth, positive earnings revisions, relatively attractive multiples to cash flow and assets to price, durable dividends, and favorable investor reception relative to peers.
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 companies economically tied to at least three different countries, including the U.S.
Also, the fund may invest at least 40%, unless market conditions are not deemed favorable, in which case at least 30%, of the fund’s net assets in companies that are economically tied to countries other than the U.S.
The fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
The fund may also invest in infrastructure-related companies organized as master limited partnerships.
In addition, the fund may invest in derivative instruments, including forward foreign currency contracts and futures contracts.
The fund is non-diversified, which means that it can invest a greater percentage of its assets in a small group of issuers or in any one issuer than a diversified fund can.
The fund seeks to generate total return by investing in essential services providers around the world.
The global funds looks for companies operating in sectors providing essential services under government contracts of privately owned. The investment universe includes companies in electric, water or natural gas utilities, railroads, telecoms, road network services operators.
These companies are deemed to perform well regardless of economic conditions with long-term agreement generally protected by government regulation and inflation-linked increases.
The fund is managed by Duff & Phelps Investment Management Company and the investment team looks to build a portfolio of high conviction portfolio of 40 to 60 stocks. The investment process looks for dividend track record and capital appreciation opportunities.
