The fund seeks capital appreciation in the long term by investing in companies outside the United States.
The sub-adviser’s 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 starts with a core list of investment themes that it believes will positively or negatively affect certain sectors or industries and cause stocks within these sectors or industries to outperform or underperform others.
The team then narrows the investable universe to a list of companies demonstrating potential for superior returns.
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 invests in stocks of foreign companies and depositary receipts.
Also, at least 75% of the fund's net assets will be invested in countries represented in the benchmark index.
The fund may invest up to 25% of its net assets in stocks of companies located in countries (other than the United States) not represented in the benchmark index, including up to 20% in emerging market countries.