The fund seeks capital appreciation in the long term by investing in small-and mid-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 invests in companies located around the globe.
The team relies on a quantamental approach to identify opportunities for capital appreciation in various industries, sectors and geographic areas.
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 allocate a substantial portion of the fund’s net assets to non-U.S. securities, including emerging market issuers.
The team defines an emerging market country is any country to have an emerging market economy. Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products than more developed countries.
Additionally, the fund may use derivatives, including swaps, purchased options, futures and currency forward contracts, to attempt to both increase the return of the fund and to hedge (protect) the value of the fund’s assets.
