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 invests significantly in U.S. companies.
The team favors companies with a superior business franchise that offers growth potential.
In addition, the team focuses on companies that possess products and services in which the company has a competitive advantage.
Also, the team prefers companies that are trading at reasonable valuations.
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 also may invest up to 33% of its net assets in foreign companies in developed markets (Japan, Canada and the United Kingdom) and in emerging markets (China, India and Brazil).