The fund seeks capital appreciation and current income by investing in companies across any size outside 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 the securities of U.S. and foreign dividend paying companies.
The team defines dividend paying securities, as equity securities that have paid a dividend in the prior 12 calendar months or that are reasonably likely to pay a dividend in the 12 calendar months following the fund’s acquisition of the security.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on dividend paying companies exhibiting favorable long-term fundamental characteristics.
In addition, the team prefers companies that are trading at discounts to their estimated intrinsic value.
Also, the team looks for characteristics such as the company’s ability to grow intrinsic value per share over the long-term.
The team calculates a company’s intrinsic value on the basis of factors such as the company’s growth prospects, historic and projected return on capital, tangible and intangible asset values or projections of the company’s future cash flows.
Additionally, the team may also compare the current market valuation of the company to its own historical valuation or to its peers.
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 has the flexibility to invest across all market capitalizations, but will generally invest in large capitalization companies.
The fund seeks capital appreciation and capital preservation 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 a broadly diversified portfolio of equity securities (the Equity Portfolio), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the Options Portfolio).
The Equity Portfolio typically focuses on investing in individual stocks.
However, the Equity Portfolio may also invest in ETFs or baskets of securities, preferred stock, convertible debt securities, ADRs and REITs that may offer higher return and/or lower risk.
The Options Portfolio will generally consist of options collars, which are options combinations comprised of a written call option or call spread and a purchased put option or put spread on the same underlying security.
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 seeks capital appreciation and capital preservation 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 a broadly diversified portfolio of equity securities (the Equity Portfolio), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the Options Portfolio).
The Equity Portfolio typically focuses on investing in individual stocks.
However, the Equity Portfolio may also invest in ETFs or baskets of securities, preferred stock, convertible debt securities, ADRs and REITs that may offer higher return and/or lower risk.
The Options Portfolio will generally consist of options collars, which are options combinations comprised of a written call option or call spread and a purchased put option or put spread on the same underlying security.
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.
