The fund seeks primarily current income and secondarily capital appreciation in the long term by investing in large-size companies in the United States.
The investment process employs a value investing style to look for undervalued companies that are trading at a significant discount to the present value of future cash flows from a list of companies in the benchmark index.
Next, the research team looks for companies that are out of favor with investors but exhibit financial strength, earnings track record and trading at significant discounts to their estimated value or to peers.
The team narrows the investable universe after an initial review, and in-depth analysis of investment opportunities one company at a time.
The team also focuses on companies with high cash dividends or payout yields relative to the market.
The fund manager constructs a diversified portfolio of companies that are expected to sustain long-term continued and consistent growth from a select list of companies favored by the research team.
From time to time, the fund may be invested in securities of companies in the same economic sector.
The fund may invest in initial public offerings but not in an amount that exceeds 50% of its net assets.
The fund has the flexibility to invest up to 20% of its net assets in American Depositary Receipts.
The fund seeks current income and capital appreciation by investing in mega-and large-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.
Next, the research team invests in companies that are estimated to trade below their fair values.
The team also focuses on companies that are lagging in market price for temporary reasons and are trading at discounts to their estimated intrinsic value and whose future cash flows is not reflected in their current valuations.
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 companies that represent superior fundamental value.
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 may make significant investments in securities of non-U.S. issuers (foreign securities), including issuers in emerging markets.
Also, the fund will invest up to 20% of its net assets in American Depositary Receipts, dollar-denominated foreign securities, or directly in foreign securities.
The fund seeks capital appreciation and current income by investing in mid-size companies in the United States.
The disciplined investment process starts with identifying out-of-favor stocks with strong fundamentals. The research team then uses quantitative research to highlight stocks with high cash dividends or payout yields relative to the market.
Next, the team employs a bottom-up stock selection process to highlight companies with dividend-paying capabilities.
The fund typically holds between 40 and 80 securities of companies with market capitalizations in the range of the Russell Midcap Index.
The fund seeks capital appreciation and current income by investing in small-size companies in the United States.
The disciplined investment process starts with identifying out-of-favor stocks with strong fundamentals included in its benchmark index. The research team then uses quantitative research to highlight stocks that are trading at discounts to history and their peers and are estimated to retain their long term growth rates.
Next, the team employs a bottom-up stock selection process to highlight companies with dividend-paying capabilities.
The fund typically holds between 40 and 60 securities and has the flexibility to invest up to 20% of its total assets in securities issued by foreign companies.
