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.

Next, the research team focuses on high-quality and durable companies that are estimated to trade below their fair values.

The team also prefers companies with good governance and a track record of responsible financial management.

In addition, the team considers companies experiencing superior growth and operating successfully in their respective economic sectors.

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 manager may invest up to 10% of the fund’s net assets in companies located in emerging markets, and may also invest in American Depositary Receipts , European Depositary Receipts and Global Depositary Receipts.
 

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

The investment process is designed to highlight companies from the benchmark index that are estimated to trade below their fair values.

In addition, the team also integrates environmental, social, and governance factors into its investment process.

Then the research team focuses on high-quality companies that have sound governance and a history of responsible financial management. The team believes these companies have the potential to be consistently profitable over a long time horizon.

In addition, the team includes engaging in dialogue with management, voting proxies in accordance with ESG guidelines, and participating in the annual shareholder meeting process.

Next, the research process seeks companies that can capitalize on new market opportunities, implement efficiency improvements and avoid unanticipated costs stemming from inadequate attention to ESG risks.

Then the research team constructs a portfolio of companies that are operating successfully in economic sectors with superior end-market growth, or are beneficiaries of broader sector themes and are trading at discounts to their estimated intrinsic value.

The fund prefers best-in-class firms with innovative approaches to the environmental and social challenges their industries, society, and the world as a whole face.