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 employs a passive investment approach to track the performance of the Index.
In addition, the team utilizes a replication strategy which involves investing in the securities that make up the Index, in the same approximate proportions as the Index.
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.
In addition, the fund will not invest more than 25% of its net assets in a particular industry except to the extent the Index is so concentrated.
Also, the fund utilizes exchange-traded funds and derivative strategies to gain exposure to the Index in an effort to minimize tracking error relative to the benchmark.