The fund seeks capital appreciation and current income in the long term by investing in mid-size companies in the United States.
The sub-advisor’s investment process using fundamental analysis focuses on identifying companies that are trading at a discount to their intrinsic value.
The research team combines quantitative and qualitative techniques to look for 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.
The team also meets with company management, customers and suppliers.
The portfolio is concentrated with securities that exhibit consistent earnings growth and shareholder value over time.