The fund seeks capital appreciation in the long term by investing in 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.
Next, the research team invests in companies that provide risk-adjusted returns over the long-term.
In addition, the team invests the fund’s net assets in securities and other instruments directly. These investments may be short-term and/or opportunistic in nature.
The team may utilize a combination of the Opportunistic and Long-Biased Equity Strategies, Long/Short Equity or Market Neutral Strategies, or Long/Short Hedged Equity Strategies.
Opportunistic and Long-Biased Equity Strategies seek to capitalize on undervalued equity securities or on positive market trends.
Long/Short Equity or Market Neutral Strategies invests in common stocks that are undervalued and short selling stocks that are considered to be overvalued.
Long/Short Hedged Equity Strategies invest in securities believed to be undervalued or offer high growth Opportunities.
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 is designed to help investors who are looking to get an alternative exposure to fixed income market and not take risks with the stocks of companies issuing these bonds.
The fund invests in only the fixed income component of the convertible securities without the underlying call option attached to the equity.
The fund relies heavily on the new issues supply in the convertible bond market where about 85% of the new issuance from large and mid-cap companies. About half of the new issues are not rated.
The fund uses bottom up, credit research process in building a portfolio of bonds while closely monitoring credit spreads.
The fund seeks capital appreciation in the long term by investing in 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.
Next, the research team invests in companies that provide attractive risk-adjusted returns over the long-term, with lower volatility and low sensitivity to traditional market measures.
The team allocates the fund’s net assets across strategies and investment styles that are complementary and, when combined, will produce long-term risk-adjusted returns.
These strategies attempt to exploit disparities or inefficiencies in markets, geographical areas, or companies, take advantage of security mispricings or anticipated price movements; and/or benefit from cyclical themes and relationships or special situations and events (such as spin-offs or reorganizations).
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.
