The fund seeks capital appreciation in the long term and income by investing in companies in the United States.
The investment process is designed to highlight companies that are engaged in the utilities industry.
The investment team considers a company to be engaged in the utilities industry if the company’s securities are listed in at least one index that is made up exclusively of companies engaged in industries such as electricity, natural gas, telecommunications services, cable television, water or sanitation services, or the company derives 50% or more of its revenues or net profits from the ownership or operation of facilities used to provide electricity, natural gas, telecommunications services, cable television, water or sanitation services.
Next, the research team utilizes quantitative and qualitative techniques to identify investment opportunities.
In the quantitative process, the team ranks stocks based on their growth and valuation characteristics.
As part of its qualitative screening, the team evaluates factors such as regulatory environment, industry conditions and company specific events.
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 manager seeks to provide the optimal balance between risk and expected return.
The fund may also invest a portion of its net assets in foreign securities and debt securities.
The fund seeks capital appreciation by investing in companies in the United States.
The investment process is designed to highlight companies principally engaged in the utilities industry and companies deriving a majority of their revenues from their utility operations.
Next, 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 fund has the flexibility to invest in domestic and foreign issuers.
The fund seeks capital appreciation and current income by investing in companies in the United States.
The investment process is designed to invest in the securities of public utilities companies.
According to the investment team, these are companies that provide electricity, natural gas, water, and communications services to the public and companies that provide services to public utilities companies.
Next, the research team focuses on companies in the global utilities arena offering the best returns, with a specific focus on companies operating in the U.S. electricity and gas sectors.
Generally, the team seeks to invest in companies producing a high percentage of earnings from their regulated operations.
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 invests more than 25% of the fund’s net assets in companies operating in the utilities industry.
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.
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.
The fund seeks total return by investing in companies across any size in the United States.
The sub-adviser’s investment process is designed to invest in securities of utility and telecommunications companies.
The investment team defines utility companies as those companies that provide basic services such as water, sewage, electricity generation, transmission and distribution, and the transmission and distribution of natural gas.
According to the team, examples of telecommunication companies may include cable and satellite companies, interactive media providers, communication equipment manufacturers and providers, telecommunication services companies, telecommunication REITs, and providers of broadcasting services.
Next, the research team focuses on dividend-paying companies that are estimated to pay and increase dividends consistently.
Then the team assesses a company’s cash flow analysis, debt levels, quality of company management team, relative and absolute valuation levels, and dividend yield.
The team also evaluates a company’s dividend yield, dividend growth potential and market capitalization.
In addition, the team reviews company fundamentals, such as valuation, earnings growth and financial condition to identify companies with consistent dividends and the potential for moderate dividend growth.
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 may also invest in securities of foreign issuers including ADRs.
Additionally, the fund is also considered to be non-diversified.
