This fund primarily allocates its capital to common stocks, targeting a concentrated portfolio of roughly 35 to 60 small-capitalization companies located outside the United States. The strategy involves identifying firms that the portfolio management team deems undervalued compared to their intrinsic worth, alongside exhibiting strong potential for increasing their profits and cash generation. Under normal operating conditions, a substantial portion – at least 80% of its total net assets (including any amounts leveraged for investment) – will be dedicated to international small-cap entities. The investments predominantly consist of common shares from foreign companies situated in developed nations.