The fund seeks income and capital appreciation by investing in companies across any size outside 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 equity securities, including common stock and depositary receipts, issued by publicly listed companies in emerging foreign markets that provide high shareholder yield.

The team calculates a company’s shareholder yield by considering factors such as dividend payments to shareholders, return of capital in the form of share buybacks, and (iii) paydown of a company’s debt.

In selecting securities for the portfolio, the research team selects the top 100 stocks in the investable universe that exhibit, in the aggregate, the best combination of shareholder yield characteristics and value metrics.

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 portfolio seeks to limit its exposure to any single country outside the United States to 30% of the fund assets.

The fund seeks income and capital appreciation by investing in companies across any size outside 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.

The research team invests significantly in equity securities, including common stock and depositary receipts, issued by publicly listed companies in developed foreign markets excluding the US, that provide high shareholder yield.

Additionally, the team considers an issuer to be in a developed ex-US market if it is domiciled or principally traded in countries, such as Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Italy, Ireland Japan, Jersey, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.

Next, the team selects the top 20% of stocks in the initial universe of developed ex-US, publicly listed companies based on their shareholder yield, as measured by dividend payments and net share buybacks.

The team also utilizes measures such as valuation multiples on the basis of book value, sales, earnings, free cash-flow, and enterprise multiple.

The team then selects the top 100 stocks that exhibit, in the aggregate, the best combination of shareholder yield characteristics and value metrics.

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.

However, the manager screens the portfolio to limit its exposure to any single country outside the United States to 30% of the fund’s net assets.

The fund seeks income and capital appreciation by investing in companies outside 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.

The fund is considered a fund of funds that invests in Underlying Vehicles, including affiliated ETFs that offer diversified exposure to all of the major asset classes in the various regions, countries, and sectors around the globe.

Next, the research team invests significantly in affiliated and unaffiliated exchange-traded funds and other exchange-traded products (collectively, Underlying Vehicles) that provide exposure to various investment asset classes, including equity and fixed income securities, real estate, commodities, and currencies, and factors such as value, momentum, and trend investing.

The team invests in Underlying Vehicles that seek exposure to undervalued markets, on the basis of valuation metrics, such as the cyclically adjusted price-to-earnings ratio.

In addition, the team selects Underlying Vehicles that provide exposures of approximately 45% to equity securities, 45% to fixed income securities and 10% to other asset classes, such as commodities and currencies.

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 also invests in Underlying Vehicles with momentum and trend following strategies.

Also, the fund may invest up to 20% of its net assets in instruments that are not Underlying Vehicle.

The fund seeks to preserve and grow capital by investing in companies outside 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.

The fund is considered a fund of funds that invests in other exchange-traded funds and other exchange traded products including exchange-traded notes, exchange traded currency trusts, closed-end funds, and real estate investment trusts (Underlying Vehicles) that offer diversified exposure, including inverse exposure, to global regions (including emerging markets), countries, styles (i.e., market capitalization, value, growth, etc.) and sectors.

Next, the research team combines momentum and trend factors to select Underlying Vehicles.

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 may invest up to 20% of its net assets directly in other securities and financial instruments, including futures, cash and cash equivalents.

Also, the fund estimates to invest at least 40% of its net assets in securities of issuers located in at least three different countries (including the United States).

The fund will invest in Underlying Vehicles, including affiliated and unaffiliated ETPs, spanning all the major world asset and instrument classes including equities, bonds, real estate, derivatives, commodities, and currencies.

The fund seeks income and capital appreciation by investing in companies across any size outside 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 equity securities, including common stock and depositary receipts, issued by publicly listed companies in developed and emerging markets that exhibit superior value characteristics.

The team then seeks to identify countries with undervalued securities markets.

In selecting securities for the portfolio, the research team utilizes measures such as valuation multiples on the basis of sales, earnings, and enterprise multiple.

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’s portfolio seeks to limit its exposure to any single country outside the United States to 20% of its net assets.

At least 40% of the fund’s holdings are estimated to be composed of securities of issuers domiciled or principally traded in at least three countries (including the United States).

Additionally, the fund may also invest in U.S.-listed exchange traded funds to gain exposure to the equity markets and issuers of developed and emerging market countries.

The fund seeks income and capital appreciation by investing in companies across any size 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 in equity securities, including common stock, issued by U.S.-based publicly listed companies that provide high shareholder yield.

The team selects the top 20% of stocks in the initial universe of U.S.-based, publicly listed companies based on their shareholder yield, as measured by dividend payments and net share buybacks.

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 manager selects the top 100 stocks for inclusion in the portfolio that exhibit, in the aggregate, the best combination of shareholder yield characteristics and value metrics.

The fund seeks current income and capital appreciation by investing in companies outside 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 sovereign and quasi-sovereign bonds.

Sovereign bonds include debt securities issued by a national government, instrument or political sub-division.

Quasi-sovereign bonds include debt securities issued by a supra-national government or a state-owned enterprise or agency.

In selecting securities for the portfolio, the research team reviews various characteristics of potential investments, with yield as the largest determinant.

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 invest in emerging and developed countries, including countries located in the G-20 and other countries.

Also, the fund may invest up to 20% of its net assets in ETPs, including ETFs and ETNs, that invest in or provide exposure to sovereign and quasi-sovereign bonds, money market instruments or other high quality debt securities, cash or cash equivalents.

The fund is non-diversified.

The fund seeks to provide income and capital appreciation 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 in cash and U.S. government bonds.

Also, the team utilizes a put option strategy to manage the risk of a significant negative movement in the value of domestic equities (tail risk) over rolling one-month periods.

The team intends to spend approximately one percent of the fund’s net assets per month to purchase put options, and generally targets put options in the 0% to 30% out of the money range.

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 has implemented the put option strategy to attempt to provide protection from significant market declines on a month-by-month basis.

Also, the put option strategy only includes exchange-listed put options.

The fund seeks income and capital appreciation by investing in companies outside the United States.

The fund is considered a fund of funds that invests in Underlying Vehicles, including affiliated ETFs that offer diversified exposure to all of the major asset classes in the various regions, countries, and sectors around the globe.

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 affiliated and unaffiliated exchange-traded funds and other exchange-traded products (collectively, Underlying Vehicles) that provide exposure to various investment asset classes, including equity and fixed income securities, real estate, commodities, and currencies, and factors such as value, momentum, and trend investing.

The team invests in Underlying Vehicles that seek exposure to undervalued markets, on the basis of valuation metrics, such as the cyclically adjusted price-to-earnings ratio.

In addition, the team selects Underlying Vehicles that provide exposures of approximately 25% of to equity securities, 25% to fixed income securities, 35% to trend following strategies, and 10% to other asset classes such as currencies and real assets, including commodities, listed derivatives, and real estate.

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 also invests in Underlying Vehicles with momentum and trend following strategies.

Also, the fund may invest up to 20% of its net assets in instruments that are not Underlying Vehicle.

The fund seeks income and capital appreciation by investing in companies across any size 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 in U.S. exchange-listed equity securities that are estimated to trade below their fair values.

In selecting securities for the portfolio, the research team combines value and momentum factors.

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 securities of companies in any industry, but will limit the maximum allocation to any particular sector to 25%.

In addition, the fund may also invest in U.S. exchange-listed real estate investment trusts and engage in short sales of securities.

The fund seeks capital appreciation and capital preservation by investing in large-and mega-size companies in the United States.

The fund utilizes a combination of several strategies to produce capital appreciation while reducing risk exposure across market conditions. 

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 primarily in U.S. equity securities that tend to offer current dividends.

The team focuses on high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time.

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 also sells exchange-traded index call options and purchases exchange-traded index put options.

In addition, the fund also buys index put options.