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 utilizes a replication strategy, which involves investing substantially in the securities that make up the Index, in the same proportions as the Index.
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 attempts to track the performance of stocks in developed non-U.S. markets by seeking to match the performance of its benchmark index.
Also, the fund may purchase exchange-traded funds.
In addition, the fund lends its portfolio securities as a means of generating additional income.