Fund Description

The fund seeks to achieve its objective by investing in equity investments the manager believes will provide higher returns than the MSCI All Country World ex-USA Growth Index. Under normal market conditions, it invests at least 80% of total assets in equity investments, primarily in a diversified portfolio of equity securities of foreign companies in developed and emerging markets outside the U.S., typically with market capitalizations over $3 billion, and it may focus on particular sectors. The process screens an international index universe, including China A-shares via Stock Connect, using free cash flow, returns on capital, revenue growth, and valuation, then ranks on quality, growth, valuation, capital returns, and earnings revisions; it may trade actively.