The fund seeks primarily capital appreciation and secondarily 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 securities of companies primarily involved, directly or indirectly, in the business of mining, processing, fabricating, distributing or otherwise dealing in gold, silver, platinum, other precious metals, or other natural resources and gold, silver, and platinum bullion and coins.
Also, the team invests in securities of companies that derive a portion of their gross revenues, directly or indirectly, from the business of mining, processing, fabricating, distributing, or otherwise dealing in gold, silver, platinum, or other natural resources, in securities of selected growth companies, and in fixed income securities of any issuer, including U.S. government securities, of any credit quality or maturity.
The team prefers companies with attractive fundamentals including company characteristics such as people, projects, and pricing.
In seeking to enhance returns, the team may use futures, options, and short sales, and may use leverage.
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 concentrates its investments by investing at least 25% of its net assets in Natural Resources Companies.
Also, the fund may invest in domestic and foreign companies.
The fund also may lend its portfolio securities to brokers, dealers, and other financial institutions.
Additionally, the fund may, from time to time, under adverse market, economic, political, or other conditions, take temporary defensive positions and invest some or all of its assets in cash, bank deposits, money market funds, money market securities of U.S. and foreign issuers, short term bonds, repurchase agreements, and similar investments.
The fund seeks capital appreciation by investing in companies across any size in the United States.
The investment process is designed to highlight quality companies in the benchmark index.
Next the research team relies on a seasonal investing strategy to identify companies with unique combinations of strength in operations, products, and finances with either growth or value characteristics.
The team looks to invest in companies during favorable periods based on patterns of investor behavior as driven by and related to accounting periods, and taxable events.
In addition, the investment team also takes into consideration those periods during the year in which it anticipates that investors are more likely to invest additional money into the securities markets.
Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may, from time to time, under adverse market, economic, or political conditions invest some or all of its net assets in cash, bank deposits, money market funds, money market securities of U.S. and foreign issuers, short term bonds, repurchase agreements, or similar investments.
