The investment seeks capital appreciation.
The fund invests at least 80% of its net assets in a non-diversified portfolio of publicly-traded equity securities issued by U.S. and non-U.S. companies. It will normally be diversified among at least three different countries. The fund seeks to identify high quality companies at attractive prices while integrating an in-depth macroeconomic understanding in order to manage risk. It will normally hold a concentrated number (generally 20 to 40) of companies, typically with a market capitalization in excess of U.S. $10 billion at the time of purchase. The fund is non-diversified.