The fund seeks 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 focuses on securities issued by non-US companies.

The team considers a company to be a non-U.S. company if at least 50% of the company’s assets are located outside of the U.S., or at least 50% of the company’s revenue or operating income is generated outside of the U.S., or the company is organized or maintains its principal place of business outside of the U.S.

In addition, the team considers companies that are trading at discounts to their estimated intrinsic values, with the potential to offer superior returns over a full market cycle.

Then the research team employs a dividend discount methodology to estimate companies’ future dividends and discounts them back to their present value.

Additionally, the team integrates environmental, social and governance factors as part of its process.

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 portfolio is diversified across country, sector, industry, and capitalization.

Also, the fund will invest in companies located in developed countries, but may invest up to 10% of its net assets in emerging market securities.