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 in equity securities.
The team prefers companies with high free cash flow yields, balance sheet strength, products or services that satisfy basic human needs, and having long-term growth potential.
In addition, the team also considers companies with proven management teams demonstrating prudent capital allocation skills.
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 at times may hold significant cash holdings and significant fixed income investments.
Additionally, the fund may also invest in equity securities such as interests in real estate investment trusts, and American Depositary Receipts or similar securities.
The fund may also invest in special situations which include liquidations, mergers, reorganizations, management changes, recapitalizations, and technological developments.
