The fund seeks capital appreciation 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 primarily in a variety of equity and equity-related securities, including common stocks, convertible preferred and convertible debt securities.
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 companies that are estimated to trade below their fair values.
In addition, the team favors companies with balance sheet strength and that are trading at attractive valuations.
In evaluating potential investments, the team also considers quality of management, quality of product or service, overall franchise or brand value, composition of the board of directors, and the uniqueness of the business model.
Also, the team looks for the presence of catalysts such as a change in management, a new management incentive program, the sale of an underperforming asset or business unit, or a positive change in industry fundamentals.
The fund seeks capital appreciation by investing in small- and mid-size companies in the United States.
The investment process starts with a list of companies with market capitalization between $150 million and $15 billion.
The research team using fundamental analysis identifies companies with continuous and sustainable free cash flow yield generation and strong organic growth.
Next, the team looks to buy companies that generate total returns in the long-term.
The fund has the flexibility to invest both in the U.S. and in other developed markets.
