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 focuses on securities of foreign companies exhibiting earnings growth potential.More

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 focuses on securities of foreign companies exhibiting earnings growth potential.

The team then utilizes a proprietary global life-cycle screen to narrow the investable universe.

The life-cycle screen classifies companies across five categories that include innovation, expansion, deceleration, maturity, and distress.

The team actively invests across all five categories of the life-cycle, building a diversified portfolio of high-growth, high-return, income-oriented and distressed investments.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team favors companies that have the ability to generate durable returns, regardless of sector or country.

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 portfolio holds approximately between 30 and 50 stocks.

The fund invests its net assets in securities of non-U.S. companies located in countries with developed markets, but may also invest in companies domiciled in emerging markets.

Also, the fund invests in no fewer than three different countries outside the U.S.

In conjunction with the life-cycle screen, the investment team seeks to invest in businesses it believes are on the whole beneficial to the society.

The team considers companies that offer products and services that improve the lives of their customers, and of people in the communities in which they operate.

Additionally, the fund screens out businesses that do not respect the value, freedom, and equality of all people or that contribute to harmful or addictive behavior such as alcohol, tobacco, gaming, gambling, certain media, and some pharmaceutical companies that do not display responsible distribution practices.