The fund seeks capital appreciation in the long term by investing in small-to mid-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 good businesses that are trading at reasonable valuations.
The team believes good businesses have a superior, defendable market niche or products and services niche that is difficult to replicate.
Other attributes in consideration would be companies with a high degree of relative recurring revenue and modestly priced products or services.
The research team also prefers companies exhibiting attractive return-on-investment economics and above-average growth or improving profitability prospects.
The team has a strong orientation to low absolute and relative valuations.
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 portfolio generally holds 40 to 50 stocks, with most major industry groups represented.
The fund also invests in common stocks of foreign companies through American Depositary Receipts or American Depositary Shares.
The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside 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 investment team focuses on securities of non-U.S. companies.
The team considers non-U.S. companies are companies domiciled or headquartered outside of the United States, or whose primary business activities or principal trading markets are located outside of the United States.
Also, the team relies on fundamental analysis to identify good businesses that are selling at value prices.
The team believes good businesses have a superior, defendable market niche or products and services niche that is difficult to replicate.
Other attributes in consideration would be companies with a high degree of relative recurring revenue and modestly priced products or services.
The research team also prefers companies exhibiting attractive return-on-investment economics and above-average growth or improving profitability prospects.
The team has a strong orientation to low absolute and relative valuations.
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 portfolio hold between 25 and 40 stocks, with most major industry groups represented.
The majority of the fund’s investments will be in companies that have global operations rather than in companies whose business is limited to a particular country or geographic region.
Also, the fund invests substantially, namely, more than 25% of its net assets in issuers located in a limited number of countries.
The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The investment process is designed to highlight companies demonstrating above average growth or improving profitability prospects. The process looks for good businesses at attractive valuations.
Next, the research team uses quantitative analysis to seek companies with high recurring revenue and attractive returns on invested capital.
The team also evaluates if a company has products and services niche that is modestly priced and difficult to replicate.
The investment process is designed to highlight companies that are deemed to have low absolute and relative valuations.
The fund has the flexibility to invest in medium capitalization companies too.
