The fund seeks capital appreciation in the long term by investing in mid-and large-size companies in the United States.
The fund manages assets with the help of two sub-advisors are Sands Capital Management, LLC and Jackson Square Partners, LLC.
The sub-advisors’ investment process uses quantitative techniques and fundamental analysis to identify companies that demonstrate growth potential.
Sands Capital uses bottom-up, fundamental research to look for companies that it believes exhibit dramatic wealth creation potential. The sub-advisor focuses on characteristics such as consistent earnings growth, market leading position, significant competitive advantages/unique business franchise, clarity in mission, financial strength, and rational valuation.
Jackson Square focuses on companies that it believes are undervalued in relation to their estimated intrinsic value, as indicated by multiple factors, including the return on capital above its cost of capital.
The fund has the flexibility to invest up to 20% of its net assets in foreign securities, which may include investments in emerging markets.