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 common stock of mid-capitalization companies, stock, and rights and warrants.
The team favors companies that are estimated to trade below their fair values.
In selecting securities for the portfolio, the research team seeks to identify opportunities that have the best attributes for outperformance.
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.
Typically, the fund will be diversified throughout all major industry sectors.
Also, the fund may allocate up to 40% of its net assets to equity securities of large-capitalization or small-capitalization companies.
The fund may invest directly in derivatives, such as options and futures contracts, or in underlying funds investing in futures contracts and options on futures contracts.
The fund also may invest in index funds, index-based investments, open-end investment companies, and exchange traded funds.
The fund seeks capital appreciation in the long term by investing in small-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 takes long and short positions in the global securities markets.
When selecting investments for the portfolio, the team evaluates style, market capitalization, sector rotation, and international positions.
The team also evaluates securities based on exposure to value, quality, momentum, and sentiment characteristics.
Value measures the relative value of a company utilizing metrics like revenue, cash flow, and income.
Quality of a company is measured by the stability of its earnings and cash flows, along with the strength of its balance sheet.
Momentum measures the rate of change in the price of securities over time.
Sentiment is a measure of the prevailing attitudes of investors related to anticipated price movements in the market.
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 invest directly in derivatives, such as options and futures contracts, or in underlying funds investing in futures contracts and options on futures contracts.
Also, the fund may establish long or short positions in index funds and index-based investments.
