The fund seeks capital appreciation by investing in companies in the United States.
The investment process is designed to highlight companies engaged in the development, production, or distribution of telecommunications services.
Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.
Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The fund has the flexibility to invest in domestic and foreign issuers.
The fund seeks capital appreciation by investing in companies in the United States.
The investment process is designed to highlight companies engaged in activities relating to wireless communications services or products.
The strategy seeks to outperform its benchmark index through active management.
Next, the research process is driven by fundamental analysis of one stock at a time. The research team believes that earnings revisions and earnings growth drive telecommunications stocks.
Then the team considers durable and secular growth companies estimated to generate consistent excess returns.
In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.
Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The manager looks to capitalize on the growth of wireless services and technology globally.
The fund has the flexibility to invest in domestic and foreign issuers.
The fund seeks capital appreciation in the long term by investing in companies in the United States.
The investment process is designed to invest in securities of communications and technology companies.
According to the investment team, these companies can be involved in Internet-related industries such as e-commerce and digital products and services, media, including publishing, advertising, broadcasting, and cable and satellite TV, movies and entertainment, telecommunication and wireless telecommunication services, computer hardware, software, and networking services, and components and equipment.
Next, the research team relies on fundamental, bottom-up analysis to identify companies with superior capital appreciation prospects.
The team may utilize both growth and value approaches to stock selection.
In assessing growth stocks, the team focuses on companies with capable management teams, attractive business niches, sound financial and accounting practices with consistent revenues, earnings, and cash flow growth.
When evaluating value stocks, the team looks for companies that are estimated to trade below their fair values but have future growth potential not yet recognized by the market.
The team also considers companies that may be cheap for temporary reasons.
Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
Additionally, the fund may purchase a security if it believes there could be an increase in value as a result of an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a management change.
The fund is non-diversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund.
The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The investment process is designed to highlight companies engaged in the development, production, or distribution of wireless related products or services.
The investment team focuses on companies that are involved in communication services, communication equipment, software and programming, computer hardware, peripherals, storage devices, semiconductors, and data networking for the wireless industry.
Next, the research team focuses on growth companies whose revenues and earnings are likely to grow faster than the economy.
The team also looks for companies demonstrating above-average prospects for capital appreciation and little or no emphasis on dividend income.
In addition, the team considers companies that have the ability to generate profits over the long term.
The team also emphasizes companies that are trading at discounts to their intrinsic value based on price relative to projected future earnings, earnings growth rate and return on equity.
Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The fund is non-diversified, which means it can invest in fewer securities at any one time than a diversified portfolio.
Also, there is no limitation on the fund to invest in securities of foreign issuers.
