Four principles drive our investment process:
1. Investors can take advantage of market inefficiencies through a disciplined application of a systematic, analytical investment process.
2. The Fund uses more than one strategy designed to take advantage of market inefficiencies to help produce more consistent, investment performance over the long term. We rank companies in the index using factors such as quality, valuation and investor sentiment.
3. Risk control is an integral part of our investment process. The Fund maintains overall risk, style, and size characteristics similar to those of the benchmark.
4. Our investment process is based on economic and financial analysis which is continuously updated to adapt over time.
The Fund will exclude companies, subject to materiality thresholds identified by MSCI, with revenue from or business activities involving: tobacco; cluster bombs; landmines; chemical and biological weapons; and depleted uranium weapons. Further information about the MSCI methodology is available on www.msci.com.
Currency risk arising from holding securities denominated in foreign currencies is hedged using forward foreign exchange contracts.
The Fund is suitable for investors seeking a low degree of added risk in return for the potential for modest outperformance of the benchmark index.