The fund seeks to provide current income by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests significantly in corporate debt securities and corporate debt investments. Corporate debt investments are derivatives whose reference securities are corporate debt securities.
The team invests primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign entities, but may also invest in securities issued by supranational entities.
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.
In addition, the fund invests up to 35% of its net assets in high-yield securities.
The fund also may invest in derivative instruments such as futures contracts, and swap agreements (including, but not limited to, interest rate swaps and credit default swap indexes).
The fund seeks current income by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Additionally, the fund employs techniques designed to realize capital appreciation.
Next, the research team invests significantly in municipal securities with interest payments exempt from federal income tax.
The team principally invests in investment-grade debt securities but may invest in high-yield securities.
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 seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests significantly in the component securities of the Underlying Index.
The Index is designed to select securities of large- and mid-capitalization U.S. companies with attractive growth and quality fundamentals.
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 utilize a representative sampling strategy with respect to its Index instead of a replication strategy.
In addition, the fund may utilize futures contracts to invest cash balances, simulate investments in the Index, facilitate trading or minimize transaction costs.
The fund may concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to the extent that the Index is concentrated.
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests significantly in the component securities of the underlying index.
The underlying index is designed to select securities of companies that are estimated to trade below their fair values or have sustainable income.
In addition, the research team employs a representative sampling strategy, which means that the fund will hold a portfolio of securities with generally the same risk and return characteristics of 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 will concentrate its investments in a particular industry or group of industries to approximately the same extent that the underlying index is concentrated.
In addition, the fund may utilize futures contracts to invest cash balances, simulate investments in the underlying index, facilitate trading or minimize transaction costs.
