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.

Next, the research team focuses on securities of non-US companies that are estimated to trade below their fair values but having potential company-specific catalysts to unlock significant value.

Then the team divides these catalysts into three categories, such as self-help, positive changes in capital allocation and business simplifications.

In the self-help catalyst sleeve, many companies undertake self-directed initiatives intended to drive improvement in fundamentals regardless of macroeconomic conditions.

For the positive changes in capital allocation catalyst sleeve, the team seeks to invest in companies undertaking special capital returns, deleveraging programs and/or value-enhancing reinvestment or mergers and acquisitions.

In addition, for the business simplifications catalyst sleeve, the team believes simplification of organizational and ownership structures often enables corporate management to increase returns through more effective resource allocation and less operational distraction.

As part of the research process, the team looks for companies with improving fundamentals exhibiting an ability to resolve circumstances that may be negatively affecting valuation.

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 concentrated portfolio typically holds 20 to 30 securities of non-US companies, including those whose principal business activities are located in emerging market countries.

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.

Next, the research team focuses on securities of non-US companies that are estimated to trade below their fair values but having potential company-specific catalysts to unlock significant value.

Then the team divides these catalysts into three categories, such as self-help, positive changes in capital allocation and More