The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The adviser’s investment process is designed to highlight companies that exhibit the potential for significant growth over at least a three-year period.
Next, the research team employs quantitative analysis to focus on a company’s valuation multiples on the basis of low earnings and book value or tangible asset value; prospects for growth; franchise strength; capable management team; consistent free cash flow; and high returns on invested capital.
The focused portfolio invests in no more than 45 issuers, including U.S. common stocks or securities convertible into common stock.
The fund may invest in foreign securities or exchange-traded funds and American Depository Receipts.
The fund has the flexibility to invest its remaining assets in cash and cash equivalents, including U.S. government debt instruments, money market funds, and repurchase agreements.
