Description

This fund primarily allocates its capital to a focused selection of undervalued, large-cap international companies. Specifically, it targets non-U.S. businesses that possessed a market capitalization exceeding $5 billion at the time of their initial purchase. As a standard practice, at least 65% of the fund's total assets are dedicated to equity securities issued by companies domiciled outside the United States. The majority of its investments are directed towards enterprises with global operational reach, rather than those whose commercial activities are restricted to a single country or specific regional market. Furthermore, this fund is structured as a non-diversified investment vehicle.