The fund seeks total return by investing in companies across any size in the United States.
The investment process is designed to invest in securities of issuers in the utilities industry.
The investment team considers a company to be in the utilities industry if at least 50%of the company’s assets or revenues are derived from one or more utilities.
The investment team also considers Issuers in the utilities industry to be engaged in the manufacture, production, generation, transmission, sale or distribution of electric, gas or other types of energy, water or other sanitary services.
Other examples in the utilities industry would be issuers engaged in telecommunications, including telephone, cellular telephone, satellite, microwave, cable television, and other communications media but not engaged in public broadcasting.
Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
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 focuses on utilities stocks believed to have excellent growth prospects. These stocks are generally from the gas and electric utilities, telecommunications, and cable TV industries.
The fund has the flexibility to invest in below investment grade quality debt instruments.
Also, the fund invests its net assets in U.S. and foreign securities, including emerging market securities.
In addition, the fund invests its net assets across different countries and regions, but may invest a significant percentage of the fund's assets in issuers in a single country or region.
The fund may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
