The fund is actively managed to seek long-term capital growth by holding a broadly diversified portfolio of emerging market equities believed to be high quality by the fund adviser. The fund uses a rules-based, multi-factor investment process to look for companies with high quality of earnings while screening out slow-growth companies and securities with unattractive valuations. The fund adviser also considers environmental, social, and governance (ESG) factors to select securities. The resulting portfolio is weighted according to a modified market-cap-weighting methodology. Holdings are reconstituted and rebalanced on a quarterly basis.