The fund seeks capital appreciation in the long term by investing in small-size 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.

Next, the research team relies on fundamental analysis to identify companies that have attractive valuation and compelling company- and/or industry-level investment catalysts.

As part of its quantitative analysis, the team considers factors related to valuation, quality, investor behavior and corporate behavior.

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 invests in companies located in at least three countries other than the United States and estimates to have exposure to issuers in several different countries.

In determining a company’s location, the manager may consider the place of domicile, where the company has an established presence and conducts its business, and where the company conducts a significant part of its economic activities.

The fund may invest in both developed and emerging market countries and, at times, may invest significantly in emerging markets.

Additionally, the fund may invest in established companies and also in new and less-seasoned issuers, and may also invest in exchange-traded funds.
 

The fund seeks capital appreciation in the long term by investing in small-size 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.

Next, the research team relies on fundamental analysis to identify companies that have attractive valuation and compelling company- and/or industry-level investment catalysts.

As part of its quantitative analysis, the team considers factors related to valuation, quality, investor behavior and corporate behavior.

Then the manager constructs a portfolio of stocks More