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 focuses on companies located outside of the United States, including those in emerging markets.

The team considers a company to be outside of the United States if it is organized under the laws of a foreign country or maintains its principal offices or headquarters in a foreign country.

Other factors would be if a company’s securities are principally traded in a foreign country, or it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country, or has at least 50% of its assets in a foreign country.

Then the team utilizes a quantitatively driven process with stock selection model based on valuation, profitability and momentum factors.

In addition, the team prefers companies that are trading at discounts to their estimated intrinsic value, but also demonstrating positive earnings and price momentum.

Additionally, the team integrates environmental, social and governance factors as part of its process.

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 will allocate its assets among various regions and countries including those in emerging markets.

The portfolio holds companies with traditional value characteristics coupled with positive company fundamentals and momentum factors.

The fund has a diversified exposure with geographic and sector neutrality.

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 focuses on companies located outside of the United States, including those in emerging markets.

The team considers a company to be outside of the United States if it is organized under the laws of a foreign country or maintains its principal offices or headquarters More