The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside 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.
Next, the research team invests a significant portion of the fund’s net assets in a combination of securities and derivatives that track the performance of the Index.
In addition, the team focuses on investments connoted by 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 concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated.
Additionally, the fund seeks to remain fully invested at all times in securities that, in combination, provide exposure to the Index without regard to market conditions, trends or direction.