The fund seeks primarily capital appreciation and secondarily current income in the long term by investing in large-size companies in the United States.
The investment process is designed to highlight undervalued companies that may be out of favor for temporary reasons. The process looks for companies that are trading at a discount to their intrinsic value at attractive prices.
Next, the research team focuses on businesses that have strong cash flow, financial strength, a history of consistent profitability, high return on capital, and the capacity to pay and regularly increase dividends.
The team narrows the investable universe to a list of companies based on market capitalization, valuation metrics, return metrics, growth characteristics and financial strength.
The fund has the flexibility to invest up to 20% of its net assets in cash and other cash equivalents.
