ILOW focuses on companies demonstrating sustainable profitability, price stability, and attractive valuations. Portfolio selection is based on fundamental and quantitative research, evaluating factors such as company profitability, management expertise, competitive advantages, stock volatility, and liquidity. The strategy aims to manage share price volatility relative to traditional international funds by leveraging insights into economic, political, and market dynamics to optimize risk-adjusted returns. Holdings predominantly consist of non-US large- and mid-cap stocks across at least three countries, with exposure to emerging markets. Currency-related derivatives may be utilized to mitigate the impact of currency fluctuations, though their use is discretionary. On July 15, 2024, the fund converted from a mutual fund to an actively managed ETF structure, starting with $810.59 million in net assets.