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 focuses on securities of developing country issuers.

A developing country i More

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 focuses on securities of developing country issuers.

A developing country issuer is a company or sovereign entity that is domiciled or otherwise tied economically to one or more developing countries.

The team considers developing countries to include most Central and South American, African, Asian and Eastern European nations, including, but not limited to, Argentina, Austria, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hong Kong, Hungary, and India.

Other countries include Indonesia, Israel, South Korea, Malaysia, Mexico, Morocco, Nigeria, Pakistan, Peru, Philippines, Poland, Qatar, Romania, the Russian Federation, Slovenia, South Africa, Taiwan, Thailand, Turkey, Ukraine, the United Arab Emirates and Vietnam.

In selecting securities for the portfolio, the research team focuses on domestic and international economic developments, outlooks for securities markets, the supply and demand for equity securities, and analysis of specific issuers.

Also, the team categorizes its investments as basic value, consistent earner, and emerging franchise.

Basic Value are companies operating in mature industries exhibiting more economic sensitivity and/or higher volatility in earnings and cash flow.

Consistent Earner are companies exhibiting predictable growth, profitability, cash flow and/or dividends.

Emerging Franchise are companies with the potential to grow at an above average rate because of a product or service that is establishing a new market and/or taking share from existing participants.

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 is diversified to include basic value stocks, companies with consistent earnings, and emerging franchises.