The fund seeks to provide risk-adjusted total return 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 equity securities or investments that are economically tied to equity securities.
The team focuses on companies that exhibit superior fundamental attributes.
In addition, the team seeks to identify companies that are estimated to trade below their fair values.
When assessing companies, the team also takes into consideration factors such as cash flow generation, profitability, balance sheet metrics, and relative price trends.
As part of the process, the team evaluates the momentum, pricing behavior and chart patterns of each security.
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 in equity securities that are economically tied to at least three countries (one of which may be the United States).
Also, the fund invests at least 40% of its net assets in issuers located outside the United States, or, if market conditions are not deemed favorable, invests at least 30% of its net assets in issuers located outside the United States.
The fund may invest without limit in U.S. and non-U.S. dollar-denominated securities of U.S. and foreign (non-U.S.) issuers.
Additionally, the fund may also engage in securities lending to generate income.
The fund also invests in other investment companies, including exchange-traded funds and derivative instruments.
