The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The investment process is designed to highlight companies in the benchmark index that display exceptional growth prospects.
Then the research team focuses on companies with growing earnings, disruptive technology, niche business segment, quality management and high barriers to entry.
The team looks for companies that are estimated to trade below their fair values, but having attractive growth prospects.
The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a high conviction concentrated portfolio with typically 15 to 30 holdings.
From time to time, the manager focuses more than 25% of the fund’s portfolio in the securities of companies in one or more of the sectors such as technology, financial services and healthcare.
The fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund. In general, the fund invests up to 20% of its net assets in fixed income securities.
Additionally, the fund may purchase call options as a temporary substitute for common stocks, American Depositary Receipts or exchange-traded funds.
