The fund seeks capital appreciation in the long term 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.

The team utilizes proprietary Private Market Value methodology to determine a company’s true intrinsic value.

In selecting securities for the portfolio, the research team focuses on companies that can be purchased at a discount of 30% or more to the PMV.

The research process is driven by fundamental analysis of one stock at a time.

In addition, the team emphasizes quality, with an overall focus on positive risk/reward.

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.