The fund seeks capital appreciation 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 a significant portion of the fund’s net assets in low-priced stocks.
The team seeks to buy higher-quality companies with stable growth prospects and that trade at a discount to their estimated intrinsic (fair) value.
Also, the team invests in domestic and foreign issuers.
In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.
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 has the flexibility to invest in either growth or value stocks or both.
Also, the fund may potentially invest in stocks not considered low-priced.