The fund seeks capital appreciation by investing in 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 in companies that are estimated to trade below their fair values.
In selecting securities for the portfolio, the research team focuses on companies that are trading at a discount to their estimated intrinsic value.
Also, the research team integrates environmental, social and governance factors as part of its process.
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 may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, and other similar depositary receipts.