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 companies in emerging or frontier countries or markets.
The team considers a company to be in an emerging or frontier country or market if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the emerging or frontier country or market.
Also, the team considers a company to be in an emerging or frontier country or market if the company derives at least 50% of its revenues, net profits or incremental revenue growth (typically over the past five years) from, or has at least 50% of assets or production capacities in, the emerging or frontier country or market.
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 have a track record of long-term growth in revenue and earnings, and estimated superior future growth.
Also, the team prefers companies that are industry leaders with durable competitive advantages, proven management teams, little or no debt; and attractive relative valuations.
In selecting securities, the team also considers factors such as political risk, monetary policy risk, and regulatory risk.
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 generally will invest in the securities of companies domiciled in at least three different countries.
However, from time to time, the fund may invest a significant portion of its net assets in the securities of companies domiciled in one or a few countries or regions.
The fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.
Also, the fund’s investments in depository receipts may include American, European, Canadian and Global Depository Receipts.
The fund seeks capital appreciation in the long term by investing in small-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 focuses on securities or depository receipts of companies domiciled outside of the United States, including in emerging and frontier market countries.
The team considers a company to be in an emerging or frontier country or market if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the emerging or frontier country or market.
Other considerations would be if the company derives at least 50% of its revenues, net profits or incremental revenue growth (typically over the past five years) from, or has at least 50% of assets or production capacities in, the emerging or frontier country or market.
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 exhibit above-average potential for growth in revenue and earnings.
Also, the team prefers companies that are industry leaders with durable competitive advantages, proven management teams, little or no debt; and attractive relative valuations.
In selecting securities, the team also considers factors such as political risk, monetary policy risk, and regulatory risk specific to an issuer’s country of domicile.
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 generally will invest in the securities of companies domiciled in at least three different countries.
However, from time to time, the fund may invest a significant portion of its net assets in the securities of companies domiciled in one or a few countries.
The fund may make significant investments in certain sectors or group of sectors from time to time.
Also, the fund’s investments in depository receipts may include American, European, Canadian and Global Depository Receipts.
