Mundoval

Under typical market conditions, this fund primarily invests in common stock issued by substantial U.S. and international corporations. These large-capitalization companies possess a market value of $10 billion or more. Its international holdings chiefly consist of American Depositary Receipts (ADRs), which are U.S. bank-issued certificates representing shares of foreign companies that trade on either domestic or overseas stock exchanges. The fund's overarching investment approach is rooted in value-based investing.