The fund seeks capital appreciation in the long term and protection of investment principal 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 equity securities that undervalued and sells short equity securities that are overvalued to hedge market risk.
Long and short investments can include common and preferred stocks, convertible securities, shares of other investment companies and exchange-traded funds that invest in equity 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 the presence of catalysts that could lead to improved investor sentiment and a higher stock price valuation.
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 portfolio typically consists of 30 to 60 long equity securities.
In addition, the fund may invest up to 25% of its net assets directly or indirectly in foreign securities, including investments in emerging markets.
The fund may invest significantly in long equity securities, long and short equity derivatives, index futures, debt securities, and cash.
Also, the fund may invest in options, futures contracts and options on futures contracts.
The fund seeks capital appreciation in the long term by investing in small-size 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.
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.
The team also evaluates a company’s balance sheet and cash flow statement.
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 portfolio typically holds between 40 and 60 equity securities diversified across a wide spectrum of economic classifications and sectors.
In addition, the fund may also invest up to 15% of its net assets in U.S. Government or U.S. agency obligations.
The fund may have up to 25% of its net assets invested directly or indirectly in foreign securities, including investments in emerging markets.
