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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, the research 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 allocates the fund’s net assets by evaluating a company’s upside potential and downside risk, its attractiveness, and how the addition will impact sector and industry weightings.

Next, the fund may invest in the aggregate up to 20% of its net assets in equity investments in issuers that are not economically tied to China, and fixed income securities, such as government, corporate and bank debt obligations.

The fund may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi.

The fund may invest in Chinese companies through the China Stock Connect program or other channels.

In addition, the fund may also invest in B Shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H Shares of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of Red Chip and P-Chip companies.

The fund has the flexibility to invest in companies across any market capitalization, but primarily invests in large- and mid-capitalization companies.

The fund may also invest in futures, exchange-traded funds and other instruments.
 

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.

According to the investment team, China includes Mainland China and China’s special administrative regions, such as Hong Kong.

Additionally, the research 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 More