The fund seeks capital appreciation in the long term by investing in companies outside the United States.
The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
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 favors securities of issuers in developing countries. Developing countries are also known as emerging markets.
In determining whether an issuer is in a developing country, the team will consider whether the country is generally considered to be a developing country by the international financial community, where the issuer is domiciled, the location of the issuer’s principal place of business and/or whether the issuer has substantial assets, or derives significant revenues or profits from developing countries.
The team favors companies that are trading at attractive valuations and represent good, long-term investment opportunities.
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 have significant exposure to one or more developing countries.
The fund seeks primarily capital appreciation and secondarily current income in the long term by investing in companies in the United States.
The investment process seeks to highlight companies that demonstrate growth potential.
The research team uses quantitative techniques to formulate earnings estimates and valuations. The research process also includes meeting with all levels of company management.
In addition, the team looks for cyclical improvement, turnarounds or deep value situations.
The fund’s analysts as a group are given a portion of portfolio assets to manage, each in their particular fields of experience and knowledge.
