The fund seeks capital appreciation in the long term and current income 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 the securities of companies located in developing countries.
The team considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (Latin America), and the Middle East are developing countries.
Also, the team considers a company as being located in a particular country if the company is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country.
Other factors in consideration would be if the company derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country; or has more than 50% of its assets in the particular country.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team looks to construct a portfolio that offers a broad balance between prospective growth and current cash flow.
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.
Also, the fund may invest in the securities of companies located in selected foreign developed nations that have significant economic and financial linkages to developing countries.
The fund invests in several asset classes including dividend-paying common stocks, preferred stocks, and fixed-income securities.
The fund may typically invest in convertible securities and debt obligations of any quality or duration.
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 foreign companies.
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 discounts to their intrinsic value and whose future earnings power is not reflected in their current valuations.
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 among equity and debt investments without limitation.
Also, the manager can invest without constraint in the securities of companies located in developing countries.
The investment team considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (Latin America), and the Middle East are developing countries.
In identifying developing countries, the team relies on its own analysis and measure of industrialization, economic growth, and per capita income.
The team may also consider classifications produced by the World Bank, the International Finance Corporation, the United Nations, and private financial services firms.
In addition, the fund may also invest in the securities of companies located in selected foreign developed nations, which have significant economic and financial linkages to developing countries.
Additionally, the team considers a company as being located in a particular country if the company is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country, or derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country, or has more than 50% of its assets in the particular country.
The fund may typically invest in debt obligations of any quality or duration, and also has the flexibility to invest in companies across all market capitalizations.
