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 invests in equity securities.
Then the research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team employs a quantitative management strategy.
The team focuses on companies on the basis of returns on equity, capital expenditure, and projected growth rates.
In addition, the team also focuses on valuation multiples such as earnings, cash flows, and book value.
The team ranks stocks on the basis of their relative valuation, profitability, stability, earnings quality, management capital allocations actions, and indicators of near term appreciation potential.
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 invests at least 40% of its net assets (or 30% of its net assets if foreign market conditions are not favorable) in companies outside the U.S., including securities of emerging market issuers.
While the fund has the flexibility to invest in stocks of companies across market capitalizations, it will typically focus on large- and mid-cap companies.