The fund seeks capital appreciation in the long-term by investing in large-size companies in the United States.
The sub-advisor uses a rules-based methodology to identify companies that demonstrate high total return characteristics.
Next, the research team evaluates a company on the basis of value, momentum and quality factors. The team focuses on a company’s valuation multiples on the basis of book value and free cash flow, share price fluctuations and profitability.
The portfolio is diversified and the relative weight of each security is based on the security’s attractiveness over time.
The fund also may invest in derivatives such as futures, forwards and other similar instruments in order to equitize cash balances by gaining exposure to relevant equity markets.
The fund has the flexibility to lend its securities to generate additional income.
The fund seeks capital appreciation in the long term by investing in companies 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 in securities incorporated or traded outside the United States.
The team utilizes a rules-based methodology to identify companies that demonstrate high total return characteristics.
In addition, the research team evaluates a company on the basis of value, momentum and quality factors. The team focuses on a company’s valuation multiples on the basis of book value and free cash flow, share price fluctuations and profitability.
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.
Generally, the manager looks to invest the fund’s net assets in securities of companies located in developed countries.
The portfolio is diversified and the relative weight of each security is based on the security’s attractiveness over time.
Also, the fund looks to invest in a minimum of three countries outside of the United States.
The fund may also invest in depositary receipts, including American Depositary Receipts of foreign companies and Global Depositary Receipts.
Additionally, the fund invests in derivatives such as futures, forwards and other similar instruments in order to equitize cash balances by gaining exposure to relevant equity markets.
