The fund seeks total return by investing in companies across any size in the United States.
The investment process relies on fundamental research to identify companies that are estimated to trade below their fair values.
The fund invests in both public and non-public securities, which is key to the core objective of its total return.
As part of its strategy, the fund invests its net assets in equity and fixed income securities. The fund will invest opportunistically or be wholly invested in either equity or debt securities.
When evaluating securities, the research team focuses on a company’s ability to generate profit, cash flow, balance sheet, franchise or brand value.
The team also reviews a company’s intellectual property and competitive advantages as drivers of performance in the long term.
The fund invests in debt securities that have a maturity between 1 and 15 years.
Then the manager constructs a concentrated portfolio from a list of companies in the benchmark index 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 high-yield bonds that are below investment grade.
