Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.

The overall quant rating is not an average of the factor grades listed. Instead, it gives greater weight to the metrics with the strongest predictive value.

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the IPOX(R)-100 U.S. Index.