The fund seeks capital appreciation in the long term by investing in mid-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 long and short positions in equity securities of domestic companies.

The team will hold long (purchase) securities that demonstrate the ability to outperform the market, and will sell short securities estimated to underperform the market.

In selecting securities for the portfolio, the research team utilizes a proprietary stock ranking process.

This stock ranking process is based on the premise that fundamentally sound companies are rewarded while fundamentally inferior companies are punished.

The team prefers stocks that are ranked highly based on factors, such as valuation, growth, momentum and quality.

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.