The fund seeks primarily income and secondarily capital appreciation in the long term by investing in mega-and large-size companies in the United States.
The 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 dividend-paying equity securities, consisting of common stocks, preferred stocks and shares of beneficial interest of real estate investment trusts.
The team favors companies that exhibit the potential to pay above-average, stable dividend and long-term, above-average earnings growth.
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 30% of its net assets in foreign securities.
Also, the fund may invest directly in foreign securities or indirectly through depositary receipts.
The fund may from time to time emphasize one or more economic sectors in selecting its investments, including the consumer discretionary, health care, and information technology and technology-related sectors.
The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The disciplined investment process is designed to highlight companies from the benchmark index that are estimated to trade below their fair values.
The process utilizes a research driven approach to uncover opportunities that are trading at a discount to their estimated intrinsic value and/or growth prospects not yet recognized by investors.
The research team also relies on a company’s historical data for security selection. In selecting securities, the team evaluates factors that include, but are not limited to: market capitalization, valuation metrics, and earnings and price momentum over time.
Then the research team constructs a portfolio that is reflective of its 50 best ideas.
The team is focused on finding the most attractive opportunities regardless of company size, industry, or country of domicile.
The fund will invest up to 30% of its total assets in the securities of foreign issuers, including those in emerging markets, and will invest up to 10% of its total assets in real estate investment trusts or foreign real estate companies.
