The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in small-and mid-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 process utilizes a passive investing style to track the performance of the benchmark index.
Next, the research team invests in dividend-paying stocks.
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 composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
Additionally, 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.
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.
At times, the fund may invest in securities not contained in the Index.