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 securities of issuers domiciled in or economically tied to one or more markets in the developing world.

The team generally considers an issuer is economically tied to one or more markets in the developing world based on geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, the source of its revenues and/or whether the issuer is indirectly exposed to the risks or economic fortunes of a developing market.

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.

Additionally, the manager constructs a portfolio of companies that are well positioned to deliver attractive risk-adjusted returns over the long term.

The fund may invest in US and non-US companies across all market capitalizations

Also, the fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.
 

The fund seeks maximum 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.

The strategy relies on thematic idea generation framework to construct a focused portfolio designed to maximize alpha while limiting downside risk over the long term.

The process seeks to identify inflections in multi-year trends which may be caused by changes in supply/demand dynamics, societal behavior, market conditions, technology, laws/regulations and business models.

Next, the research team invests in securities of non-US companies (including depositary receipts).

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’s investments in non-US securities may include investments in developed markets, as well as emerging and less developed markets.

Additionally, the fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund may invest in exchange-traded funds, real estate investment trusts, as well as debt securities of any maturity or duration.

Also, the fund may maintain a significant portion of its net assets in cash from time to time in response to adverse market, economic, political or other conditions.

The fund is non-diversified, which means that it may invest a greater portion of its assets in a more limited number of issuers than a diversified fund.

The fund seeks maximum 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 invests in US and non-US growth companies, including depositary receipts.

The team focuses on companies that exhibit franchise characteristics, an accelerating profit cycle and are trading at discounts to their estimate of private market value.

In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.

As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.

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 portfolio typically has approximately between 40 and 60 holdings.

The fund may invest in developed markets, as well as emerging and less developed markets.

However, the fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.
 

The fund seeks maximum 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 invests in securities both within and outside the US, including emerging and less developed markets.

The team favors companies within its preferred themes that demonstrate durable growth characteristics.

In addition, the team focuses on companies that are trading at attractive valuations relative to their long-term potential.

Also, the team looks to invest in companies that have exposure to long-term secular growth trends.

The team relies on fundamental analysis to identify industry leaders with attractive growth and valuation characteristics.

In selecting securities for the portfolio, the research team focuses on high-quality companies that have a sustainable competitive advantage, a superior business model and an experienced management team.

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 typically has approximately between 40 and 60 holdings.

The fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum 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 invests in US and non-US growth companies, including depositary receipts.

The team focuses on companies that exhibit franchise characteristics, an accelerating profit cycle and are trading at discounts to their estimate of private market value.

In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.

As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.

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 portfolio typically has approximately between 30 and 50 holdings.

The fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum 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.

Next, the research team invests in US and non-US companies that are trading at significant discounts to their estimated intrinsic value.

The team prefers companies that have a track record of generating superior free cash flow, improving returns on capital and excellent competitive positions in their industries.

In addition, the team focuses on companies with balance sheet strength and management teams that are aligned with shareholders’ interests.

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 typically has approximately between 30 and 50 holdings.

Additionally, the fund may invest in emerging and less developed markets.

The fund may also invest in debt securities of any maturity.

The fund may invest in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum 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 attractively-valued companies within its preferred themes with durable growth characteristics that do not fully reflect their long-term potential.

The team identifies long-term secular growth trends, and focuses on those industry leaders with attractive growth and valuation characteristics that will be long-term beneficiaries of any structural change and/or trend.

In addition, the team prefers high-quality companies with a sustainable competitive advantage, a superior business model and a high-quality management team.

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 invests primarily in developed markets but also may invest up to 35% of its net assets in emerging and less developed markets.

Also, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum 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 seeks to identify high-quality companies that are estimated to trade below their fair values.

The team favors companies with balance sheet strength and operated by management teams aligned with shareholders’ interests.

In addition, the team considers companies having a track record of generating excellent free cash flow, improving returns on capital and superior competitive positions in their industries.

Then the team ranks the companies and generally takes larger positions in companies where the discount is greatest and smaller positions in companies with narrower discounts 

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 invests primarily in developed markets but also may invest in emerging and less developed markets.

Additionally, the fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

Also, the fund may invest to a limited extent in debt securities of any maturity.
 

The fund seeks maximum capital appreciation in the long term by investing in mid-size companies in 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 seeks to invest in companies demonstrating growth potential.

The team favors companies that possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value.

In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.

As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.

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 may invest up to 15% of its net assets in securities of non-US companies (including depositary receipts).

However, the fund’s investments in non-US securities may include investments in developed markets, as well as emerging and less developed markets.

The fund seeks capital appreciation in the long term by investing in mid-size companies in the United States.

The investment process starts with fundamental research to identify undervalued companies that have strong financial strength and attractive business economics.

The research team believes that companies with these characteristics are less likely to experience eroding values over the long term.

Next, the team with the help of qualitative analysis looks for companies with earnings power not yet recognized by the market, an acceptable level of debt and positive cash flow, and cash-producing businesses.

The fund focuses on free cash flow and return on capital capabilities and prefers companies where a near-term identifiable catalyst is present that is expected to lead to a higher valuation.

The fund seeks maximum capital appreciation in the long term by investing in small-size companies in 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 seeks to invest in companies demonstrating growth potential.

The team favors companies that possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value.

In addition, the team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services.

As part of the security selection process, the team focuses on the global economy in order to find investment opportunities.

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 may invest in the securities of non-US companies, but only if the securities are purchased or sold in the US.

Additionally, the fund may also, from time to time, invest in other private placements and restricted securities.

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 securities of emerging market companies.

The team favors companies that are uniquely positioned to benefit from the growth potential in emerging markets and possess a sustainable global competitive advantage.

In addition, the team evaluates companies on the basis of sustainable earnings, risk analysis, and valuation.

The team determines a company’s sustainable earnings based upon financial and strategic analyses.

As part of the team's analysis of a company's sustainability, the team considers environmental, social and governance factors relating to the company.

Next, the team’s risk-rating assessment includes a review of country-appropriate macroeconomic risk factors to which a company is exposed.

Additionally, the team values a business and develops a price target for a company based on its assessment of the business’s sustainable earnings and risk 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 manager selects securities of issuers domiciled, headquartered, or whose primary business activities or principal trading markets are in emerging and less developed markets.

The fund is non-diversified, which means that it may invest a greater portion of its net assets in a more limited number of issuers than a diversified fund.

Also, the fund generally will not invest more than 15% of its net assets in the securities of a single issuer.

The fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities.

The fund seeks maximum capital appreciation in the long term by investing in companies across any size in the United States.

The investment process relies on fundamental research to identify companies that are estimated to trade below their fair values.

The strategy looks for companies with financial strength and excellent business economics.

The research team believes that companies with these characteristics are less likely to experience eroding values over the long term.

Next, the team with the help of qualitative analysis looks for companies with earnings power not yet recognized by the market, an acceptable level of debt and positive cash flow, and cash-producing businesses.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 25% of its net assets in securities of non-US issuers including depositary receipts, and may include investments in developed markets, as well as emerging and less developed markets.