The fund seeks primarily dividend income and secondarily moderate capital appreciation 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 a diversified portfolio of dividend-paying securities.

Also, the team favors companies that are estimated to trade below their fair values.

In addition, the team seeks companies that have a track record of paying dividends and increasing dividends, high free cash flow and attractive enterprise 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 seeks primarily capital appreciation and secondarily income by investing in micro-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 exhibiting the potential for capital appreciation.

In selecting securities for the portfolio, the research team focuses on companies that are trading at significant discounts to their estimated intrinsic value.

The team also favors companies that are inexpensive on the basis of book 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.