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 invests in securities of companies located throughout the world.

Then the research team focuses on factors such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting financial characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the team looks for companies with the presence of near-term catalysts that can change investor perception.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 holds between 20 and 30 stocks.

The manager invests at least 40% (or, if conditions are not favorable, invests at least 30%) of the fund’s net assets in foreign companies.

Also, the investment team considers a company to be a foreign company if 50% of the company’s assets are located outside of the United States, or 50% of the company’s revenues are generated outside of the United States, or the company is domiciled or doing a substantial amount of business outside of the United States.

The majority of these companies operate in established markets; however, the fund may invest up to 25% of its net assets in securities of companies in emerging market countries.

Additionally, an emerging market country is any country to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.

Also, the fund invests in at least three different countries.

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 invests in securities of companies located throughout the world.

Then the research team focuses on factors such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting financial characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the team looks for companies with the presence of near-term catalysts that can change investor perception.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 holds between 45 and 55 stocks.

The manager invests at least 40% (or, if conditions are not favorable, invests at least 30%) of the fund’s net assets in foreign companies.

Also, the investment team considers a company to be a foreign company if 50% of the company’s assets are located outside of the United States, or 50% of the company’s revenues are generated outside of the United States, or the company is domiciled or doing a substantial amount of business outside of the United States.

The majority of these companies operate in established markets; however, the fund may invest up to 25% of its net assets in securities of companies in emerging market countries.

Additionally, an emerging market country is any country to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.

Also, the fund invests in at least three different countries.

The fund seeks total return and capital preservation by investing in mid-and large-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 factors such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the research team looks for companies with the presence of near-term catalysts that can change investor perception.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 holds between 40 and 50 stocks of foreign companies but may invest in at least three different countries.

The manager considers a company to be a foreign company if 50% of the company’s assets are located outside of the United States, or 50% of the company’s revenues are generated outside of the United States, or the company is domiciled or doing a substantial amount of business outside of the United States.

The majority of these companies operate in established markets, however, the fund may invest up to 25% of its net assets in companies in emerging market countries.

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 factors such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the research team looks for companies with the presence of near-term catalysts that can change investor perception.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 holds between 40 and 50 stocks of foreign companies but may invest in at least three different countries.

The manager considers a company to be a foreign company if 50% of the company’s assets are located outside of the United States, or 50% of the company’s revenues are generated outside of the United States, or the company is domiciled or doing a substantial amount of business outside of the United States.

The majority of these companies operate in established markets, however, the fund may invest up to 25% of its net assets in companies in emerging market countries.

From time to time, the fund may also focus its investments in a particular geographic region, such as Europe or Asia.

The fund seeks total return and capital preservation by investing in companies in the United States.

The investment process is designed to highlight undervalued companies whose future earnings growth potential is not reflected in their current market prices.

In selecting investments, the research team prefers companies that possess strong financial characteristics such as low leverage and sufficient liquidity.

In addition, the team focuses on companies that are market leaders within their sector or industry, and offer a track record of innovation and product leadership as well as superior pricing and cost discipline.

Next, the team employs valuation multiples on the basis of earnings and book value to identify companies that are trading at a discount to their long-term valuation range.

The due diligence process also involves identifying a catalyst such as the onset of a new product or pricing cycle, normalization of the business’s cash flow, margins and/or earnings that could lead to positive investor sentiment.

The manager also looks for companies that it believes have the ability to generate a significant investment return consisting of both capital appreciation and dividend income, typically over a 1-2 year time horizon.

The diversified portfolio holds 35 to 45 securities. The research process is driven by fundamental analysis of one stock at a time.

The fund seeks 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 looks for companies that meet attributes such as quality, valuation, catalyst, and hurdle rate.

The team favors companies that have superior competitive positions within their sector or industry, and offer a track record of innovation and product leadership as well as good pricing and cost discipline.

Also, the team prefers companies exhibiting financial characteristics such as low leverage and sufficient liquidity.

The research process is driven by fundamental analysis of one stock at a time. When evaluating individual securities, the research team relies on valuation multiples such as earnings and book value.

In addition, the team looks for the presence of near-term catalysts that can change investors’ perception of a company, but has not yet been recognized by the market.

Finally, the team considers companies that have the ability to generate a significant investment return consisting of both capital appreciation and dividend income.

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 holds between 45 and 55 stocks.
 

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

The investment process starts with identifying companies exhibiting strong competitive positions with a track record of innovation and product leadership as well as strong pricing and cost discipline with durable business franchise.

The research team is using quantitative analysis to highlight companies that exhibit low leverage and sufficient liquidity characteristics. Next, the team focuses on price-to-earnings and price-to-book ratios to identify companies that are trading at the lower end of their long-term valuation range.

The team looks for catalysts that it believes can positively change investors’ perception of a company, but has not yet been recognized by the market.

The fund prefers to allocate capital on an equal-weight basis while constructing a portfolio.