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 invests in securities of publicly-traded United States domiciled  companies.

The team favors companies that are reasonably priced and estimated to trade below their fair values.

Also, the team looks for companies that exhibit the potential for significant growth over the long term.

When selecting investments for the portfolio, the team focuses on the quality of the company’s management, balance sheet strength, forecasted growth rate of future earnings, and relevant market, economic and political environments.

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 invests up to 25% of its net assets in securities principally traded in foreign markets.

Additionally, under adverse market conditions, the fund may invest up to 100% of its net assets in cash or cash equivalents.

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 invests in securities of publicly-traded United States domiciled  companies.

The team favors companies that are reasonably priced and estimated to trade below their fair values.

Also, the team looks for companies that exhibit the potential for significant growth over the long term.

When selecting investments for the More