Fund Description

The fund invests at least 80% of net assets plus any borrowings for investment purposes in equity investments of U.S. issuers, seeking broad representation across large-, mid- and small-cap stocks and all major U.S. economic sectors. It combines quantitative techniques with a qualitative overlay to seek to maximize after-tax return and minimize capital gains and income distributions, using themes such as Fundamental Mispricings, High Quality Business Models, Sentiment Analysis, and Market Themes & Trends. It may incorporate ESG indicators via proprietary models, which are not determinative, and may deviate from model outputs. It balances investment and tax considerations, including loss harvesting, managing turnover, and tax-lot selection. Fixed income is limited to cash equivalents, and the benchmark is the Russell 3000 Index.