- evaluates the securities in the Benchmark by reference to characteristics designed to measure their exposure to a variety of factors that drive a security’s volatility such as industry sector, liquidity, size, value and growth. The model also assesses the interaction between these factors and their impact on the overall volatility of the portfolio. The Fund’s investments will be selected based on the output of this model.
- The Fund will generally seek to hedge most of its currency exposure back to the U.S. dollar to further reduce overall portfolio volatility.