The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The investment process uses screens to identify companies demonstrating improving growth prospects or levels of profitability and returns.
The research process is driven by fundamental analysis of one stock at a time. Next, the research team looks for companies that it believes possess dominant market positions and sustainable competitive advantage.
In addition, the team considers factors such as a company's brand loyalty, proprietary technology, economies of scale, strength of management, and level of competitive intensity.
The team also examines the interaction and bargaining power between a company, its customers, suppliers and competitors and the threat of substitute products.
The process also concentrates on the level of profitability, capital intensity, cash flow and capital allocation measures, as well as earnings growth rates and valuations of companies.
The fund typically generally holds 40 to 60 stocks of companies with a demonstrated ability to sustain unit growth and high profitability.