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.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their intrinsic value for temporary reasons.

Next, the team favors companies with financial strength and stability, and excellent management teams.

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 across international markets, including developed and emerging.

The fund may also invest in  cash  and  cash  equivalents, and has the flexibility to invest up to 20% of its net assets in lower-rated or defaulted debt securities.

Additionally, the fund may also invest up to 10% of its net assets in precious metals such as gold or silver, or in instruments related to such precious metals such as commodity contracts, options on such contracts, structured notes and ETFs.

Also, the fund may engage in securities lending to generate income.