The fund seeks capital appreciation by investing in companies across any size in the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in equity securities that exhibit the potential for capital appreciation.

The team evaluate whether companies demonstrate an improving balance sheet and an improving leverage ratio. 

Also, the team has the flexibility to invest in growth or value stocks.

In addition, the team prefers companies that are fiscally responsible and capable of maintaining debt payments.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 15% of its net assets in foreign securities.

The fund may also hold cash or other short-term investments.

Although the fund may invest in companies of any size, the fund prefers mid-cap companies.