The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The investment process is designed to highlight companies in the benchmark index that are trading at a discount to their estimated intrinsic value but have the potential to increase in value.
Next, the research team looks to purchase growth stocks at a reasonable price relative to its estimated intrinsic value.
In addition, the team analyzes a company’s fundamentals and management strength as part of its valuation process.
The team also considers a company with a higher private market value.
Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may invest up to 5% of its net assets in junk bonds, and also may invest up to 25% of its net assets in equity or debt securities of any maturity of foreign issuers, directly or through American Depositary Receipts.
Also, the fund has the flexibility to invest up to 20% of its net assets in money market funds, investment grade money market instruments, fixed income securities, repurchase agreements, commercial paper, other short-term debt securities and cash equivalents.
