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 of foreign companies.
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 typically invests in foreign securities of more than 10 countries.
However, the fund has no limitation on the percentage of its net assets that is invested in each country or denominated in any currency.
Also, the fund favors securities of corporations of developed areas, such as Japan, Western Europe, Canada, Australia, and New Zealand.
The fund invests in securities regardless of style (growth or value).