The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The sub-adviser’s 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 issuers throughout the world, and invests a portion of its net assets in foreign assets.
According to the team, an asset may be determined to be foreign based on the issuer’s domicile, principal place of business, stock exchange listing, source of revenue, or other factors.
Foreign securities may also include depositary receipts.
The team also reviews companies on the basis of data such as historical earnings growth and estimated future growth, valuation, and price momentum.
Additionally, the team integrates environmental, social and governance factors as part of its process.
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 allocate its assets broadly among developed and emerging countries and among multiple asset classes.
The fund may also invest in equity derivatives such as futures contracts to either hedge its exposure or gain exposure to certain investments.