The fund seeks maximum total return in the long term by investing in mega-and large-size companies in the United States.
The fund is a feeder fund that invests all of its net assets in the Master Portfolio, which has the same investment objective and strategies as the fund.
The sub-advisor’s investment process is driven by fundamental analysis to identify companies from the list included in the benchmark index that are trading at a significant discount to their estimated intrinsic value.
Then the research team combines quantitative and qualitative techniques to look for high-quality companies with strong cash-flow generation, competitive advantages, and conservative balance sheets.
The team narrows the investable universe to include companies based on return on equity, balance sheet strength, industry leadership position and cash flow projections.
In addition, the team also meets with company management, customers and suppliers.
The portfolio is concentrated with 30 to 50 companies that exhibit consistent earnings growth and shareholder value over time.