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 focuses on securities of foreign companies, including emerging market securities with prospects for capital growth.

The team seeks to identify foreign and emerging market companies with characteristics such as excellent growth, attractive valuation and improving profitability.

Also, the team favors companies with superior management teams, balance sheet strength, durable competitive advantages and positive fundamentals such as increasing revenues, cash flow and earnings.

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 may invest in foreign companies that are traded on U.S. stock exchanges or whose securities are available through the use of American Depositary Receipts.

Additionally, the fund may also invest in exchange-traded funds that invest primarily in foreign and emerging market equity securities.

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 focuses on securities of foreign companies, including emerging market securities with prospects for capital growth.

The team seeks to identify foreign and emerging market companies with characteristics such as excellent growth, attractive valuation and improving profitability.

Also, the team favors companies with superior management teams, balance More