The fund seeks capital appreciation in the long term by investing in companies across any size 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 invests in securities demonstrating favorable valuations and/or market action.
The team also focuses on a company’s current dividend yield, as well as valuation multiples on the basis of earnings and revenue relative to estimated future growth of cash flow.
In addition, the team also evaluates a company’s financial stability such as variations in profit margins and balance sheet indicators.
Market action considers the behavior of a wide range of securities and industry groups, in an attempt to assess the economic outlook of investors and their willingness to accept market risk.
In addition, the team evaluates economic conditions, investor sentiment, interest rates, credit-sensitive indicators and other factors in an attempt to classify prevailing market conditions with historically similar instances.
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 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 focuses on securities of non-U.S. issuers.
The team focuses on companies that derive a majority of their revenues or profits from, or have a majority of their assets in, a country or countries other than the U.S.
The team favors companies demonstrating favorable valuations and/or measurements of price behavior and trading volume.
In addition, the team assesses stocks on the basis of the relationship between its current market price and the present value of estimated expected future cash flows per share.
Other valuation measures include current dividend yield and ratios of stock price to earnings and stock price to revenue relative to estimated future growth of cash flows.
Additionally, the team considers metrics such as a company’s financial stability and balance sheet strength.
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.
However, the manager emphasizes on the protection of capital during unfavorable market conditions.
The fund invests in securities issued by companies in developed countries, but may also invest in emerging markets in developing countries.
Also, the fund may invest in American Depositary Receipts listed on U.S. stock exchanges and depositary receipts listed on foreign stock exchanges.
