The fund’s objective is to appreciate capital in the long-term through investing in small- and mid-size companies.
The sub-adviser’s philosophy is based on the belief that in the long-run earnings growth drives stock returns.
The investment process starts with a list of companies with market capitalization of less than $5 billion. The research team then narrows the investable universe to a list of companies with above-average earnings growth, high return on capital, and long growth runway.
The fund constructs a diversified portfolio across industries and includes growth and value stocks trading at reasonable prices.