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.

Next, the research team invests in securities of companies that will benefit significantly from advances or improvements in technology.

According to the team, these companies generally fall into two categories. In the first category, the team considers companies that have or will develop products, processes, or services that will provide significant technological advancements or improvements.

In the second category, the team focuses on companies that rely extensively on technology in connection with their operations or services.

Next, the research team invests in securities of U.S. and foreign companies exhibiting growth potential.

Also, the fund will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

A security is deemed to be economically tied to a country or countries outside of the United States if the company is organized in, or its primary business office or principal trading market of its equity are located in, a country outside of the United States.

Also, a security is deemed to be economically tied to a country or countries outside of the United States if a majority of the company’s revenues are derived from outside of the United States, or a majority of the company’s assets are located outside of the United States.

In selecting securities for the portfolio, the research team focuses on companies with attractive valuations.

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 fund may have exposure to emerging markets, and may invest in shares of companies through initial public offerings.

Additionally, the fund may lend portfolio securities on a short-term or long-term basis, in an amount equal to up to one-third of its net assets.

Some of the industries and companies in the portfolio include e-commerce, computer, communications, industrials; Internet; and media and entertainment.

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.

Next, the research team invests in securities of companies that will benefit significantly from advances or improvements in technology.

According to the team, these companies generally fall into two categories. In the first category, the team considers companies that have or will develop products, processes, or services that will More