The fund seeks to provide maximum total return 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 focuses on securities of foreign issuers.

The team invests in securities issued b More

The fund seeks to provide maximum total return 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 focuses on securities of foreign issuers.

The team invests in securities issued by companies domiciled or doing a substantial portion of their business in countries to have a developing or emerging economy or securities market.

The team considers a company to be doing a substantial portion of its business in countries that have a developing or emerging economy or securities market if the company has at least 50%of its assets in one or more such countries.

Also, the team considers the company that derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services provided in one or more such countries, or the company’s securities are traded principally in an emerging market.

The team evaluates the relative attractiveness of eligible securities on the basis of factors such as measures of growth potential, valuation, quality and investor sentiment.

Additionally, the team also evaluates the macroeconomic environment and prevailing market conditions when assessing securities.

Then the team ranks eligible securities from the investable universe in the order of their attractiveness.

In addition, the team favors securities with low exposure to market risk factors and low security-specific risk.

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 may purchase securities in their initial public offerings, and also, may invest in exchange-traded funds.

The fund may hold a portion of its assets in cash and cash instruments.

While the fund may invest in companies across any market capitalization, it estimates to primarily invest in large capitalization companies.

The fund also may lend its securities and may invest in derivatives, such as futures contracts and total return swaps.