The fund seeks to invest in large companies with a track record of dividend and currently trading below their peers.
The investment process focuses on selecting highest 10 yielding stocks from the Dow Jones Industrial Average and top 20 stocks from the Russell 1000 index excluding financial and utility stocks that meet criteria on valuation, dividend yield and profitability.
The concentrated fund with 30 holdings is balanced annually to lower portfolio turnover and improve tax efficiency.
The sub-advised multi-cap fund invests in stocks in Japan using a contrarian approach.
The investment process relies on buying stocks when markets are too pessimistic and selling stocks when markets exuberant. The broadly diversified portfolio is constructed with the help of research and portfolio team based in Japan.
About 33% of fund’s asset is allocated to 10 stocks and automotive, construction, electrical equipment and electronics components sectors account for five largest sectors in the fund.
