The fund seeks to track the total return performance of the benchmark index before fees and expenses by investing in companies outside the United States.
The sub-adviser’s investment process starts with a list of companies in the underlying benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team employs a passive investment approach which involves investing in securities whose performance replicates the performance of the Index.
In addition, the team focuses in a statistically selected sample of securities and derivative instruments linked to the Index.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may invest in all of the countries represented in the Index.
However, the fund may not invest in all of the companies within a country represented in the Index, or in the same weightings as in the Index.