The fund seeks capital appreciation in the long term by investing in companies in the United States.
The investment process is designed to highlight companies principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.
The investment team focuses in industries related to application software, communications equipment, data processing, electronic components and manufacturing services.
Other industries also include home entertainment software, internet and direct marketing retailers, internet software and services, IT consulting, semiconductor equipment, systems software, and technology hardware, storage, and distributors.
Next, the research team narrows the investable universe to a list of companies from the S&P Capital IQ Database.
The team identifies potential investment opportunities having attributes such as industry-leading cash flows and profits, track record of delivering returns in excess of cost of capital, attractive relative valuation and balance sheet risk profile, ability to generate cash, and consistent profitability potential.
Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The manager maintains a relatively concentrated portfolio of technology stocks.
However, the universe of stocks is re-screened and the portfolio is rebalanced approximately on a monthly basis.
