The fund seeks to buy the cheapest, highest quality value stocks 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 smaller, cheaper, and higher quality U.S. stocks.
The investable universe consists of the largest 1500 stocks in the US market. The team then narrows the investable universe to a list of low-priced companies.
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.
The fund employs an indexing investment approach that is designed to track the performance of the Index.
The Index is designed to select value stocks from the NASDAQ US 500 Large Cap Index, NASDAQ US 600 Mid Cap Index and NASDAQ US 700 Small Cap Index (the Base Indices) that may generate positive alpha through the use of the AlphaDEX selection methodology.
Next, the research team invests significantly in the common stocks 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 will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated.
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in large-and mid-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.
As part of its strategy, the fund employs a passive or indexing approach.
Next, the research team invests significantly in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index.
The Underlying Index consists of securities that exhibit value characteristics.
The team utilizes a representative sampling indexing strategy to evaluate companies based on market capitalization and industry weightings.
In addition, the team also assesses a company’s return variability and yield and liquidity characteristics.
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 or may not hold all of the securities in the Underlying Index.
Additionally, the fund may lend securities representing up to one-third of the value of the fund’s net assets.
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.
Also, the fund may invest in certain futures, options and swap contracts, cash and cash equivalents.
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.
As part of its strategy, the fund employs a passive or indexing approach.
Next, the research team invests significantly in the component securities of the Underlying Index.
The Underlying Index is composed of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations.
The team utilizes a representative sampling indexing strategy to evaluate companies based on factors such as market capitalization and industry weightings.
In addition, the team also assesses a company’s return variability, yield and liquidity characteristics.
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 or may not hold all of the securities in the Underlying Index.
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.
Also, the fund may invest up to 10% of its net assets in certain futures, options and swap contracts, cash and cash equivalents.
Additionally, the fund may lend securities representing up to one-third of the value of its net assets.
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 securities comprising the Index.
The Index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations (i.e., relatively cheap) are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations (i.e., relatively rich) are underweight.
Additionally, the research team employs a sampling strategy to invest in a representative sample 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.
Also, the fund’s net assets will generally be concentrated in an industry or group of industries to the extent that the Index concentrates in a particular industry or group of industries.
In addition, the fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds.
