The fund seeks capital appreciation in the long term by investing in 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.
The process relies on proprietary behavioral finance research.
Next, the research team seeks to capitalize on behavioral biases that may cause the market to over-react to bad news and losses or under-react to good news.
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 approximately holds from 25 to 75 positions.
The fund may invest in multiple sectors, and may concentrate its investments in a particular sector by investing greater than 25% of the fund’s net assets in such sector.
However, the fund will not invest more than 25% of its net assets in any particular industry.
The fund may also invest a portion of its net assets in real estate investment trusts, business development companies, and exchange traded funds.
Additionally, the fund may also lend portfolio securities to brokers, dealers and other financial organizations.
The fund seeks capital appreciation in the long term by investing in small-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.
The process relies on proprietary behavioral finance research.
Next, the research team seeks to capitalize on behavioral biases that may cause the market to over-react to old, negative information or under-react to new, positive information.
In selecting securities for the portfolio, the research team looks for events related to insider buying, earnings announcements, and other news that suggest investor misbehavior such as over-reaction or under-reaction.
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 approximately holds from 70 to 140 positions.
The fund may invest in multiple sectors, and may concentrate its investments in a particular sector by investing greater than 25% of the fund’s net assets in such sector.
However, the fund will not invest more than 25% of its net assets in any particular industry.
The fund may also invest a portion of its net assets in real estate investment trusts.
Additionally, the fund may also lend portfolio securities to brokers, dealers and other financial organizations.
The fund seeks capital appreciation in the long term by investing in small-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.
The process relies on proprietary behavioral finance research.
Next, the research team seeks to capitalize on behavioral biases that may cause the market to over-react to bad news and losses or under-react to good news.
The team also screens for companies that historically have above average earnings or sales growth and retention of earnings.
In selecting securities for the portfolio, the research team looks for events related to earnings announcements, and other news that suggest investor under-reaction.
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 approximately holds from 25 to 70 positions.
The fund may invest in multiple sectors, and may concentrate its investments in a particular sector by investing greater than 25% of the fund’s net assets in such sector.
However, the fund will not invest more than 25% of its net assets in any particular industry.
The fund may also invest a portion of its net assets in real estate investment trusts, business development companies, and exchange traded funds.
Additionally, the fund may also lend portfolio securities to brokers, dealers and other financial organizations.
