The fund seeks to outperform the benchmark index over a full market cycle by investing in large-size companies in the United States.
The investment process attempts to track an underlying equity index consisting of a representative sampling of companies in the leading industries in the U.S. economy.
The portfolio comprises of index futures, combined with alpha generating short duration investment-grade fixed income securities.
The fund also may invest in options on equity index futures and equity index exchange-traded funds and the balance of its assets is invested in a broad range of investment grade fixed income securities.
The fund does not limit itself to securities of a particular maturity range but will normally maintain a dollar weighted average duration between 1 and 3 years.
The fund seeks above average dividend income and capital appreciation in the long term by investing in mega-and large-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 income-producing equity securities that offer opportunities for above-average dividend income and capital growth.
The team prefers companies with durable competitive positions that have high-quality earnings, financial strength, superior or improving balance sheets, free cash flow, and shareholder-oriented managements.
In addition, the team also considers current dividend yield and dividend growth.
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 a portion of its net assets in preferred stocks.
The fund seeks capital appreciation in the long term by investing in companies outside 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 focuses on securities of foreign companies, including emerging market securities with prospects for capital growth.
The team seeks to identify foreign and emerging market companies with characteristics such as excellent growth, attractive valuation and improving profitability.
Also, the team favors companies with superior management teams, balance sheet strength, durable competitive advantages and positive fundamentals such as increasing revenues, cash flow and earnings.
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 may invest in foreign companies that are traded on U.S. stock exchanges or whose securities are available through the use of American Depositary Receipts.
Additionally, the fund may also invest in exchange-traded funds that invest primarily in foreign and emerging market equity securities.
The fund seeks capital appreciation in the long term by investing in small- and mid-size companies in the United States.
The investment process combines quantitative and fundamental analysis in identifying companies that are demonstrating capital growth trends.
The research team then identifies companies that exhibit gains through effective capital allocation, a strong competitive position, financial strength, and high-quality earnings.
Next, the team narrows the list using a multi-factor quantitative model measures valuation, profitability, momentum, earnings quality, growth, credit quality, capital use, and investor sentiment/technical factors.
The investment team narrows the investable universe to include companies that offer the most attractive investment opportunities based on the valuation analysis.
