The fund seeks capital appreciation in the long term by investing in small-and mid-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 seeks to invest in companies with a superior business franchise that offers growth potential.
In addition, the team assesses if the company’s products and services have a competitive advantage.
Also, the team prefers companies that are trading at reasonable valuations relative to its assets and earning power.
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 up to 20% of its net assets in foreign securities.
Also, the fund may invest directly in foreign securities or indirectly through depositary receipts.