The fund seeks capital appreciation in the long term by investing in companies located throughout the world including the U.S.
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 investment team invests in securities of companies that aim to create positive measurable environmental and/or social impacts, and will invest significantly in non-U.S. companies.
According to the team, a company is considered to be a non-U.S. company if the company is organized under the laws of, or has its principal office in, a country outside the U.S., or the company has its principal securities trading market in a country outside the U.S., and/or the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.
In selecting securities for the portfolio, the research team considers factors that drive a company's share price, as well as the company's environmental and social impact practices.
The research process is driven by fundamental analysis of one stock at a time. Next, the research team examines the company's ability to deliver positive outcomes for the environment and society in nine areas or pillars.
The nine areas or pillars are circular economy, sustainable energy, food and agriculture, water and sanitation, health and social care, financial inclusion, sustainable real estate and infrastructure, education and employment, and impact leaders.
The team generally aligns its impact assessment to the United Nations Sustainable Development Goals.
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 invests in securities from at least three different countries, and may also invest in companies of emerging market countries.
At times, the fund may have a significant amount of its assets invested in a country or geographic region.
Also, the fund may invest in securities denominated in U.S. dollars and currencies of the foreign countries in which it is permitted to invest.
Additionally, the fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.
The fund seeks to maximize 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.
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 focuses on companies located, or exercising the predominant part of their economic activity, in Asia, excluding Japan.
The manager considers a company to be located, or exercising the predominant part of its economic activity, in Asia, excluding Japan, if it is legally organized in Asia, excluding Japan, the primary trading market for its securities is located in Asia, excluding Japan, or at least 50% of the company’s (including any of its subsidiaries’) non-current assets, capitalization, gross revenues or profits have been located in Asia, excluding Japan, during the last fiscal year.
The fund seeks capital appreciation in the long term 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.
According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.
Additionally, 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 manager allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.
Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.
The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.
The fund may invest in Chinese companies through the China Stock Connect program or other channels.
In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.
The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.
The fund may also invest in futures, exchange-traded funds and other instruments.
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 focuses on securities of Japanese companies.
The team considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan.
In addition, the team prefers high-quality companies that are trading at attractive prices.
Also, the team looks for companies having a well-capitalized balance sheet with little debt, sustainable competitive advantage, high return on equity, above- average earnings growth rate, and superior cash flow generation.
The team also focuses on companies that are trading at a discount to their estimated intrinsic value and whose future earnings power is not reflected in their current valuations.
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 also invest in Japan real estate investment trusts or other investment companies including exchange traded funds that invest in equity securities of Japanese companies.
The fund seeks capital appreciation in the long term 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.
The research process is driven by fundamental analysis of one stock at a time.
Next, the research team focuses on high quality established and emerging companies located in Asia (excluding Japan) that are estimated to trade below their fair values.
The team favors companies with durable competitive advantages that can generate revenue through growth.
Additionally, the team integrates disruptive change, financial strength, environmental, social and governance factors as part of its sustainability analysis.
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 also invest in American Depositary Receipts, Global Depositary Receipts and other types of depositary receipts with respect to issuers located in Asia.
Also, the fund invests in securities of companies located in China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand.
