The fund seeks maximum total return in the long term by investing in mid-and large-size companies in the United States.
The investment process is designed to highlight companies that are undervalued on the basis of their valuation multiples such as earnings.
The research team employs a buy and hold strategy to focus on companies that appear to be profitable and with high returns on equity.
Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The team typically holds securities with a long-term investment outlook in order to maximize after-tax returns.
The fund may also invest in small capitalization stocks, and may from time to time emphasize investments in certain sectors of the market, such as the manufacturing sector.
The fund may also invest in fixed income investments which are rated investment grade and of any maturity.
The fund also may invest without limit in American Depositary Receipts, and invest up to 10% of its net assets in other mutual funds, including exchange-traded funds.
