The fund seeks to track the total return performance of a benchmark index before fees and expenses 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 stocks issued by companies located in the major markets of Europe.
The team employs an indexing investment approach to invest in all, or substantially all, of the fund’s net assets in the stocks included in the FTSE Developed Europe All Cap Index.
The Index comprises of companies located in the United Kingdom, France, Switzerland, and Germany. Other countries represented in the Index include Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, and Sweden.
Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The portfolio holds more than 1,200 stocks across the European region.