The fund seeks capital appreciation by investing in small-size 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 non-U.S. securities, including securities of issuers located in emerging markets.
In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.
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 investments across different countries and regions.
The fund seeks capital appreciation in the long term by investing in small-size 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 companies based outside the United States, including companies in emerging and frontier as well as in developed markets.
According to the investment team, a company is considered to be based outside the United States if it is legally domiciled outside the United States, or it conducts at least 50% of its business outside the United States, or has the principal exchange listing for its securities outside the United States.
Next, the research team invests in companies based in developed markets, as well as in companies in emerging and frontier markets.
The team relies on fundamental analysis to look for well-managed companies with financial strength.
Other factors in consideration are fast-growing companies that are competitive and trading at reasonable valuations relative to their estimated fair 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 portfolio normally holds investments across at least 15 countries.
The manager will invest broadly in securities of companies domiciled in Europe, the Pacific Rim, Canada and Mexico, and countries with emerging or frontier markets.
Additionally, the fund may invest in securities of U.S. companies that derive, or are expected to derive, a significant portion of their revenues from their foreign operations.
