The fund seeks capital appreciation in the long term and current income 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 equity securities that have records of paying dividends.
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.
In addition, the fund will generally invest in a diversified portfolio of 25 to 50 securities typically spread across many economic sectors.
The fund may invest up to 20% of its assets in foreign securities, through American Depository Receipts.
