The fund seeks primarily capital appreciation and secondarily current income by investing in large-size companies in the United States.

The sub-adviser’s investment process is designed to highlight companies demonstrating growth potential that are trading at reasonable valuations. The process focuses on factors such as growth, cash flow, earnings and dividend prospects.

The research team uses quantitative techniques to look for companies with strong balance sheets, attractive return on capital and sustainable earnings growth.

In addition, the team evaluates a company’s historical performance and growth strategy, the growth rate of the industries in which it operates and the markets into which it sells.

The research process also analyzes a company’s competitive environment, technological developments and market share trends. The team then ranks the stocks on the basis of their underlying financial data.

The fund has the flexibility to invest its net assets in stocks of any sector, but may at times have significant investments in one or more sectors.