The fund’s objective is to grow capital in the long-term by investing in large-size U.S. companies.
The investment process looks at companies in all market capitalizations but largely invests in large-size companies. The research team then narrows the investable universe of stocks using financial screens including earnings, return on capital and financial strength.
The team then narrows the list by comparing each individual company’s estimated long-term valuation to the current market price. The fund favors companies with attractive or large discounts to their long term valuations.
The fund strives to minimize taxable distribution to shareholders and applies tax-sensitive investment techniques.