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 invests primarily in equity securities, including common stocks and depositary receipts.

The team favors companies with sustainable competitive advantages, above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders.

In addition, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

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 will invest in securities that provide exposure to no fewer than three countries, which will include the U.S

In addition, the fund will invest at least 40% of its net assets in securities of companies that maintain their principal place of business or conduct their principal business activities outside the U.S., or companies that have their securities traded on non-U.S. exchanges or companies that have been formed under the laws of non-U.S. countries.

Also, the fund may invest up to 30% of its net assets in emerging markets securities.

The fund normally invests across a wide range of sectors and industries.

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 invests primarily in equity securities, including common stocks and depositary receipts.

The team favors companies with sustainable competitive advantages, above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders.

In addition, More