The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in large-and mega-size companies in the United States.
The sub-adviser’s 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 employs an indexing investment approach that is designed to replicate the performance of the Index.
The Index is designed to generate an annualized level of income from stock dividends and option premiums, as well as generating capital appreciation.
Next, the research team invests significantly in the common stocks and call options that comprise 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 up to 20% of its net assets in securities or other investments not included in the Index.
In addition, the fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated.
