The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The investment process seeks to identify undervalued companies that are lagging in market price or trading at a discount to their estimated intrinsic value not yet recognized by investors.
The research process is driven by fundamental research focused on earnings drivers, return on investment and business fundamentals. The team also analyzes the earnings power and the sustainability of the business model.
Generally, the portfolio holds between 30 and 40 securities.
The fund may from time to time emphasize one or more sectors in selecting its investments, including the financial services sector.