The fund seeks capital appreciation in the long term and income by investing in companies across any size outside the United States.

The fund manages assets with the help of five sub-advisers namely Causeway Capital Management LLC, Polen Capital Management, LLC, Victory Capital Management Inc., WCM Investment Management, LLC, and Wellington Management Company LLP.

The fund prefers a multi-manager investing approach with the More

The fund seeks capital appreciation in the long term and income by investing in companies across any size outside the United States.

The fund manages assets with the help of five sub-advisers namely Causeway Capital Management LLC, Polen Capital Management, LLC, Victory Capital Management Inc., WCM Investment Management, LLC, and Wellington Management Company LLP.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

Each sub-adviser acts independently from the others and utilizes its own distinct investment style in selecting securities. However, each sub-adviser must operate within the constraints of the fund’s investment objective, strategies and restrictions.

The sub-advisers’ 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.

Causeway Capital’s portfolio is concentrated with preference toward yield and risk-adjusted rates of return.

Polen Capital seeks to invest in companies with consistent earnings growth and balance sheet strength.

Victory Capital favors companies exhibiting positive business momentum and that are trading at attractive valuations.

WCM focuses on companies having a durable and growing competitive advantage.

Wellington Management focuses on companies that are trading at significant discounts to current market price with balance sheet strength.

Next, the research team focuses on companies in a number of countries throughout the world but primarily in the world’s developed capital 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.

When determining the allocations and reallocations to sub-advisers, the manager considers factors such as the sub-adviser’s style, and historical performance.

The manager also considers the characteristics of each sub-adviser’s allocated assets including capitalization, growth and profitability measures, valuation metrics, economic sector exposures, and earnings and volatility statistics.

Additionally, the fund may invest up to 40% of its net assets in issuers domiciled in emerging markets.