The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.
The fund manages assets with the help of one sub-advisor namely Wilmington Trust Investment Advisors, Inc. and five regional sub-advisors.
The regional sub-advisors are AllianzGI U.S. LLC, AXA Investment Managers, Inc., Berenberg Asset Management LLC, Nikko Asset Management Americas, Inc., and Schroder Investment Management North America, Inc.
Each sub-advisor has complete discretion to invest its portion of the fund’s net assets as it deems appropriate within the constraints of the fund’s investment goal, strategies and restrictions.
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 issuers, with exposure to both developed and emerging markets.
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’s net assets are generally invested across different industries, sectors, countries, and regions.
However, the fund may invest a significant percentage of its net assets in issuers in a single industry, sector, country, or region and may not have any holdings in particular regions or countries.
The fund also may invest in exchange-traded funds.
The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The sub-advisor’s investment process is driven by a tactical allocation strategy that is based on forecasts of asset risk and return profiles derived from a combination of fundamental, quantitative and macroeconomic inputs.
The tactical allocations may be based on factors such as economic sector, industry, investment style, market capitalization, or valuation measure on the basis of earnings.
The sub-advisor allocates assets among individual stocks weighted to a target allocation across Global Industry Classification Standard sectors and use quantitative models to construct the portfolio.
The sub-advisor utilizes quantitative analytical tools to rebalance the portfolio and to make buy and sell decisions on individual securities.
