The fund seeks to appreciate capital by investing in large-size U.S. companies.
The sub-advisor’s investment process starts with a list of companies with market capitalization higher than $3 billion. The research team narrows the investable universe with the help of quantitative screens including size, quality and growth in earnings.
The team then reviews individual companies and identifies sources of positive earnings change and determines their durability. The fund favors companies with consistent and durable earnings growth and trading at reasonable prices to their long term-growth prospects.