The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely LSV Asset Management and Massachusetts Financial Services Co.

LSV seeks to invest in international companies that are estimated to trade below their fair values but with high potential for near-term price appreciation.

MFS prefers companies that are trading at significant discounts to their estimated intrinsic value.

The sub-advisers’ 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 companies located outside the U.S., including those in emerging markets.

The team considers the issuer of a security or other investment to be economically tied to a particular country if the security or other investment is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities.

Other considerations would be if the issuer is organized under the laws of, and maintains a principal office in, that country, or if the issuer has its principal securities trading market in that country.

In addition, the team considers if the issuer derives 50% or more of its total revenues from goods sold or services performed in that country, or if the issuer has 50% or more of its assets in that country, or the issuer is included in an index which is representative of that country.

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, from time to time, have significant investments in issuers in a single industry, sector, country, a small number of countries, or a particular geographic region.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely LSV Asset Management and Massachusetts Financial Services Co.

LSV seeks to invest in international companies that are estimated to trade below their fair values but with high potential for near-term price appreciation.

MFS prefers companies that are trading at significant discounts to their estimated intrinsic value.

The sub-advisers’ More