The fund seeks to exceed total return performance of the benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process is driven by a statistical approach to identify stocks that have a lower probability of price decline over the long term from a list of companies in the benchmark index.

The research team focuses on stocks for which there is relatively low market liquidity based on an analysis of the stock's trading volume.

Then the research team constructs a portfolio of companies that outperform the stock market total return primarily through capital appreciation over three years or more.

The benchmark index with dividends reinvested serves as a proxy for the stock market in this objective.

The fund seeks investments across a number of sectors, but from time to time, based on economic conditions, the fund may have significant positions in particular sectors.

The fund has the flexibility to invest a high percentage of its assets in a smaller number of companies.

The fund may invest up to 15% of its assets in securities of foreign issuers that is companies domiciled outside the US or deriving 50% or more of total earnings from activities outside the US.

The fund seeks primarily capital appreciation and secondarily current income by investing in mega-and large-size companies in the United States.

The investment process seeks to identify well-established and dividend-paying companies. The process strives to minimize the distribution of capital gains and costs.

The fund uses an equally weighted portfolio but may hold more or fewer stocks as a result of corporate actions such as spin-offs or mergers and acquisitions. The stocks are not market capitalization weighted.

The fund looks to invest across a number of sectors, but may have significant positions in particular sectors. However, the fund seeks to avoid investing in any tobacco companies.

The fund seeks to provide a high current return 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 utilizes multiple techniques, such as purchasing or selling stocks, options, futures, and fixed-income securities.

In selecting securities for the portfolio, the research team relies on various investment styles including both growth and value.

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.

At all times, at least 25% of the fund’s net assets will be invested in equities.

The fund may invest up to 15% of its net assets in foreign securities.

With respect to fixed income investments, the fund invests at least 25% of its net assets in money market funds or fixed-income securities, such as U.S. government obligations, mortgage and asset-backed securities, corporate bonds, collateralized mortgage obligations, and/or other fixed-income instruments.

From time to time, based on economic conditions, the fund may have significant positions in particular sectors.

The fund seeks capital appreciation by investing in small-size U.S. companies.

The investment process is designed to provide a return and risk profile similar to benchmark index through passive investment management style.

The fund considers companies that are generally in the lowest 15% of total market capitalization or smaller than the 1,000th largest U.S. company.

The investment team using statistical approach prefers to invest in companies that are deemed to be cheap on the basis of earnings, cash flow and growth.

The fund may hold up to 15% of its total net assets in foreign securities and may have a significant position in particular sectors.

The fund seeks capital appreciation by investing in small-size U.S. companies.

The investment process is designed to provide a return and risk profile similar to benchmark index through passive investment management style.

The fund considers companies that are generally in the lowest 15% of total market capitalization or smaller than the 1,000th largest U.S. company.

The investment team using statistical approach prefers to invest in companies that are deemed to be cheap on the basis of earnings, cash flow and growth.

The fund may hold up to 15% of its total net assets in foreign securities and may have a significant position in particular sectors.

The fund attempts to manage tax liabilities by reducing distribution through the offsetting of capital gains with capital losses and minimizing short term capital gains and reducing the receipt of dividends when possible.

The fund seeks capital appreciation by investing in small-size U.S. companies.

The investment process is designed to provide a return and risk profile similar to benchmark index through passive investment management style.

The fund considers investing in companies that are in the benchmark index which are between 1,000th and 3,000th largest in the market with dividends reinvested.

The investment team using statistical approach prefers to invest in companies that are deemed to be cheap on the basis of earnings, cash flow and book value.

The fund may hold up to 15% of its total net assets in foreign securities and may have a significant position in particular sectors.

The fund seeks capital appreciation in the long term by investing in small-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.

Next, the research team invests in a diversified portfolio of common stocks of ultra-small 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 may invest up to 15% of its net assets in foreign securities.

According to the team, foreign securities means those securities issued by companies that are domiciled in a country other than the U.S., and that derive 50% or more of their total revenue from activities outside of the U.S.

From time to time, the fund may have significant positions in particular sectors.
 

The fund seeks capital appreciation in the long term by investing in small-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.

Next, the research team invests in a diversified portfolio of common stocks of ultra-small 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 manager utilizes a statistical approach to invest in a representative sample of the companies included in the Index. However, the manager also may invest in companies that are not included in the Index.

From time to time, the fund may have significant positions in particular sectors.

Additionally, the fund may purchase stock market index futures in order to equitize cash.