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 strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.
However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.
Next, the research team focuses on developed-market stocks of high-quality, foreign companies.
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 companies that are trading at discounts to their intrinsic value.
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 high-conviction portfolio holds approximately between 50 and 100 companies.
In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
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 strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.
However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.
Next, the research team focuses on developed-market stocks of high-quality, foreign companies.
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 companies that are trading at discounts to their intrinsic value.
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 high-conviction portfolio holds approximately between 50 and 100 companies.
In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
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.
