| Investment Objective: |
The funds overall investment strategy is to provide total returns (after all of the funds expenses have been deducted) that exceed the total returns of its benchmark index, the Bloomberg U.S. Aggregate Bond Index. The Index is a broadly diversified index that typically consists of investment-grade, fixed income instruments with intermediate to long-term maturities. Consistent with the benchmark index, the funds holdings will normally include U.S. government and agency obligations, mortgage and asset-backed securities, corporate bonds, and U.S. dollar-denominated securities of foreign issuers. While the funds portfolio is structured to have a similar overall risk profile and other characteristics to the Index, the adviser does not attempt to fully replicate the Index. The portfolio manager may adjust certain holdings in relation to their weighting in the Index and rely on quantitative models (as indicated by the QM in the funds name) and fundamental research in an attempt to exceed the return on the index net of fees. These quantitative models are designed to help replicate the overall risk factors and other characteristics of the Index in a more efficient manner and inform portfolio construction. |
