The fund seeks capital appreciation in the long term by investing in companies across any size 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 companies that are trading at a discount to their estimated intrinsic value.
The team then considers factors, such as valuation multiples on the basis of earnings, book value and cash flow.
Also, the team focuses on the discounted value of future cash flows of companies.
In addition, the team reviews trade magazines, annual reports, and regulatory filings.
Also, the research team integrates environmental, social and governance factors as part of its process.
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 fund invests in companies that have balance sheet strength without significant debt or other liabilities.
Additionally, the fund may invest in special situation companies, including spin-offs and companies recently emerging from bankruptcy.
The fund may hold a significant portion of its net assets in cash and cash equivalents if sufficient value opportunities are not present in the market.
The fund seeks capital appreciation in the long term by investing in 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 a significant portion of the fund’s net assets in common stocks or exchange traded funds.
The team may also hold up to 50% of the fund’s net assets in cash and cash equivalents as a means of reducing the fund’s volatility.
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 manager utilizes volatility indexes to determine its allocation in common stocks, exchange traded funds, or cash equivalents.
Also, the manager may write covered calls on up to 100% of the fund net assets in order to generate income for the fund.
In addition, the fund will utilize put options for hedging purposes on its equity positions.
