The fund seeks primarily capital appreciation in the long term and secondarily income by investing in small-size companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team focuses on companies that are estimated to trade below their fair values.
In selecting securities for the portfolio, the research team favors companies whose stock price may not reflect the company’s value.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may invest in equity securities issued by real estate investment trusts.