The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.
The fund relies on two investment advisors that follow distinct investment approaches. Each advisor independently selects and maintains a portfolio of common stocks and other investments for the fund.
The two advisors are namely Marathon Asset Management LLP and Baillie Gifford Overseas Ltd.
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 U.S. and foreign equity securities.
The research process is driven by fundamental analysis of one stock at a time.
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 a mix of value and growth stocks, as well as developed and emerging markets stocks.
Also, the portfolio holds up to 500-plus stocks from more than 30 countries.
In addition, the fund invests across a wide range of industries.
The fund invests in companies of various sizes from all over the globe, with the United States representing about 50% of its net assets.