The fund seeks capital appreciation in the long term by investing in companies 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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research team focuses on developed-market stocks of high-quality, foreign companies.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that are trading at discounts to their intrinsic value.

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 high-conviction portfolio holds approximately between 50 and 100 companies.

In addition, the fund may invest in exchange-traded funds, derivative contracts, (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities).
 

The fund seeks capital appreciation in the long term by investing in companies 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.

The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets.

However, the investment team has the flexibility to invest in companies from both developed (including the United States) and emerging market countries.

Next, the research More