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.
Next, the research team focuses on companies in foreign developed countries, including foreign subsidiaries of U.S. issuers.
The team employs behavioral based and quantitative screens to identify companies with attractive valuations and looks to capitalize on market inefficiencies.
Further analysis of companies includes evaluation of their momentum and quality characteristics.
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 fund may invest a substantial part of its net assets in just one region or country, or in companies of any one particular market capitalization category.
The fund seeks primarily capital appreciation in the long term and secondarily current 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 focuses on stocks of non-U.S. companies and depositary receipts associated with such stocks.
In selecting securities for the portfolio, the research team focuses on companies that are trading at discounts to their estimated intrinsic value not yet recognized by investors.
In addition, the team evaluates companies on the basis of its earnings and industry growth potential, franchise value, industry leadership, consistency of revenues, and potential for favorable developments.
Other factors in consideration include valuation multiples such as earnings, book value, and cash flow, as well as profitability, enterprise value to EBITDA, and dividend characteristics.
Also, the team categorizes its investments as basic values, consistent earner, and emerging franchise.
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 developing countries.
The fund has the flexibility to invest in companies across any size, but invests primarily in the large and middle capitalization range of publicly traded companies.
