The fund seeks capital appreciation in the long term by investing in mid-and large-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 utilizes multiple investment styles including value, momentum, and quality to construct the portfolio.
The team emphasizes attractively valued companies that exhibit positive momentum characteristics with stable businesses.
Then in the value screen, the team relies on valuation multiples such as book value and earnings to identify companies that appear cheap.
The team believes a security to have positive momentum if it demonstrates superior medium-term performance relative to its peers.
In addition, the team utilizes quantitative strategies to look for stable and financially sound companies, including those with excellent profitability and stable earnings.
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 will generally invest in developed markets outside of the U.S.
Although the fund does not limit its investments to any one country, it may invest in any one country without limit.
Also, a portion of the fund’s net assets may be held in cash or cash equivalent investments including, but not limited to, short-term investment funds.