The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.
The investment process is designed to highlight companies in the benchmark index demonstrating accelerating growth, increasing profitability, or above average growth or growth potential.
Then the research team utilizes fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.
In seeking sustainable growth characteristics, the research team looks for companies that have the potential for sustainable earnings and cash flow growth.
The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.
In assessing value, the investment team considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.
Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund, from time to time, may have significant positions in particular sectors, such as technology, healthcare and consumer discretionary.
The fund may make private investments in companies whose securities are not publicly traded including companies that have not yet issued securities publicly in an initial public offering.