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 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 a diversified portfolio of equity securities of U.S. common stocks included in the Index.
The Index focuses on the largest 1,000 U.S. common stocks based on market capitalization.
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.
Additionally, the fund may concentrate its investments in certain sectors, which may include the information technology sector, industrials sector, consumer discretionary sector, and financials sector, to the extent that the Index concentrates in such sectors
The fund may also invest up to 20% of its net assets in certain equity options, index options, swap contracts or other derivatives, as well as in securities and other instruments not included in its Index.
