The fund invests primarily in ETFs that offer exposure to companies domiciled in developed, emerging, and frontier international markets. The fund's strategy is based on a proprietary quantitative framework that informs the investment decision-making process regarding potential investment opportunities in non-U.S. equity markets based on the specific risk/reward characteristics of each individual market by investing in vehicles that seek exposure to a specific country, or region or market. It may also directly invest in derivative instruments such as futures contracts and options.