The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, 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 securities that comprise the Index.
The Index is a portfolio of companies that have recently completed an initial public offering and are listed on a non-U.S. exchange.
As part of its strategy, the team employs a passive or indexing investment approach that attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates 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 concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries
The fund may also invest up to 20% of its net assets in certain futures, options, and swap contracts, cash and cash equivalents, as well as in common stocks not included in the Index.
Additionally, the fund may lend securities to broker-dealers, banks and other institutions.
The fund seeks to replicate the price and yield 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.
The Index is a portfolio of companies that have recently completed an initial public offering and are listed on a U.S. exchange.
The fund employs a passive or indexing investment approach that is designed to replicate the performance of the Index.
Next, the research team invests significantly in securities 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.
Additionally, the fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries.
The fund may also invest up to 20% of its net assets in certain futures, options, and swap contracts, cash and cash equivalents, as well as in common stocks not included in the Index.
Also, the fund may lend securities to broker-dealers, banks and other institutions.
