The fund seeks capital appreciation by investing in small-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 focuses on high quality companies with durable earnings growth that are available at reasonable prices.
The team believes companies that are estimated to trade below their fair values and exhibiting improving investor interest outperform the market over full market cycles.
Then the team ranks stocks based on estimated returns.
In addition, the team also integrates environmental, social, and governance factors into its investment process.
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 at times focus its investments in one or more sectors.
From time to time, the fund maintains a portion of its net assets in cash and may increase its cash holdings in response to market conditions or in the event attractive investment opportunities are not available.
