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 in securities of U.S. and non-U.S. companies with business operations in technology and technology-related industries.

Technology-related companies are those companies that use technology extensively to improve their business processes and applications.

The technology industry comprises information technology and communications, as well as medical, environmental and biotechnology.

The research team invests at least 40% of the fund’s net assets in companies that maintain their principal place of business or conduct their principal business activities outside the U.S.

This may also include companies that have their securities traded on non-U.S. exchanges, or have been formed under the laws of non-U.S. countries.

The team considers a company to conduct its principal business activities outside the U.S. if it derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.

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 invest in securities of companies domiciled in any country, and also, generally invests in several countries in different geographic regions
Additionally, the fund may invest in all types of securities, many of which will be denominated in currencies other than the U.S. dollar.

The fund also may invest up to 20% of its net assets in preferred stock and investment-grade or comparable quality debt securities.

Also, the fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund.

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 in securities of U.S. and non-U.S. companies with business operations in technology and technology-related industries.

Technology-related companies are those companies that use technology extensively to improve their business processes and applications.

The technology industry comprises information technology and communications, as well as More