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 identify high-quality companies in the benchmark index that are out of favor for temporary reasons.
Next, the research team combines quantitative screening and fundamental research to seek companies that are trading at a discount to their estimated intrinsic value with the potential to generate above-average rates of returns over time.
The team also focuses on companies with superior and durable market share positions.
Then the manager constructs a diversified portfolio of 15 to 35 stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The manager invests across a range of industries and market sectors, and from time to time, may invest in securities of companies in the same economic sector, including the financial sector.
The fund may invest up to 25% of its net assets in non-U.S. companies located in developed countries.
The fund is non-diversified meaning that a relatively high percentage of its net assets may be invested in a limited number of issuers of securities.
The fund seeks capital appreciation in the long term by investing in companies across any size 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 positions in securities priced below, and short positions in securities priced above, their estimated intrinsic value.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on high-quality companies that are trading at significant discounts to their estimated intrinsic value for temporary reasons.
The team prefers companies exhibiting the potential to generate above-average rates of return over time.
In addition, the team favors companies that have leading and durable competitive positions and above-average financial strength.
When selecting securities to sell short, the team seeks to identify companies across a range of industries and sectors that have average or below average competitive positions and unattractive risk reward profiles.
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 will take long positions in 15 to 35 securities, and will take short positions in up to 50 securities.
Also, the fund may invest up to 25% of its long assets in non-U.S. companies that are classified as developed.
The fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.
The fund seeks capital appreciation in the long term by investing in mid-size companies in the United States.
The investment process starts with identifying high-quality businesses that are temporarily out of favor but have the potential to generate above-average rates of returns over time.
The research team combines quantitative analysis and fundamental research to highlight leading businesses selling at a discount to its intrinsic value.
The team also evaluates companies that have durable market share positions and above-average financial strength across industries and market sectors.
The fund typically invests in a portfolio of 50 to 90 companies but has the flexibility to focus in securities of companies in the same economic sector, including the financial sector.
