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 invests in companies that demonstrate rapid revenue and earnings growth.
In selecting securities for the portfolio, the team seeks to identify high quality companies within emerging industries and market niches with significant revenue and earnings growth potential not yet recognized by 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.
Although the fund may invest in companies across market capitalizations, it will generally focus its investments in small-and mid-capitalization companies.
Also, the fund may invest in initial public offerings.
The fund may also invest in other investment companies, including exchange-traded funds.
The fund may invest up to 30% of its net assets in equity securities of foreign issuers and/or depositary receipts that are traded on domestic or foreign exchanges, including in securities issued by companies domiciled in emerging market countries.
However, the fund’s investments in any one sector may exceed 25% of its net assets.
The fund seeks total return in the long term by investing in companies across any size in the United States.
The investment process focuses on companies that are lagging in market price and estimated to trade below their fair values, but having attractive growth prospects.
The investment team places particular emphasis on market leaders and disruptors.
Then the research team focuses on under-researched, high-growth situations, as well as companies with substantial asset value not yet recognized by investors and improving earnings prospects.
The research process is driven by fundamental analysis of one stock at a time. Then the manager constructs a portfolio of stocks of companies that offer superior investment value and opportunity for growth.
The fund’s investments in any one sector may exceed 25% of its net assets.
Additionally, the fund may invest in convertible securities and publicly traded Master Limited Partnerships. MLPs are generally energy or natural resource-related companies and may comprise up to 15% of the fund’s assets.
The fund may also invest up to 30% of its net assets in securities of foreign issuers and/or depositary receipts that are traded on domestic or foreign exchanges, including those in emerging markets.
In addition to taking temporary defensive positions in cash and short-term bonds from time to time, the fund may invest up to 50% of its assets in fixed income securities.
