The fund seeks capital appreciation in the long term and current income by investing in companies across any size in the United States.
The investment process is designed to highlight companies in the benchmark index that are engaged in energy and energy related companies.
The investment team considers companies that are principally engaged in activities in the energy industry, such as the exploration, production, and transmission of energy or energy fuels, the making and servicing of component products for such activities, energy research; and energy conservation.
Next, the research team focuses on master limited partnerships that derive the majority of their revenue from energy infrastructure assets and energy related assets or activities.
The team emphasizes companies demonstrating growth prospects, durable profitability and/or a track record of paying consistent dividends.
Then the manager constructs a diversified portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may invest 20% of its net assets in securities issued by non-energy related companies.
Also, the fund may invest in fixed income securities of any grade including those rated below investment grade and of any maturity.
The fund has the flexibility to invest in open-end and closed-end investment companies, the retail shares of actively managed and index exchange-traded funds, and private equity and debt investments.
The fund seeks primarily capital appreciation and secondarily current income in the long term by investing in mega-and large-size companies in the United States.
The investment process starts with a list of companies and focuses on companies that are lagging in market price or undervalued and trading at a discount to their estimated intrinsic value and future income potential not yet recognized by investors.
The investment team focuses on companies that display below average growth prospects as perceived by the market.
Then the research team narrows the investable universe to a list of companies that are fundamentally attractive on the basis of lower debt ratios.
In addition, the team evaluates companies on the basis of valuation factors such as revenue, earnings, book value and dividends.
Then the portfolio is constructed of securities considered to be conservatively valued and have a proven history of paying consistent dividends based on the research team recommendations.
The fund has the flexibility to also invest in master limited partnerships.
The fund seeks current income and capital appreciation by investing in companies in the United States.
The investment process is designed to invest primarily in real estate investment trusts with successful track records, and also in securities of real estate industry companies.
Next, the research team focuses on securities whose price is low relative to the underlying value of the company and its real estate.
Also, the team evaluates a company on the basis of valuation multiples such as earnings to identify REITs with superior underlying value.
The team prefers REITs that pay high dividends and also continuously monitors interest rates, occupancies, rental income and new construction.
Then the manager constructs a diversified portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The fund may also invest in mortgage-backed securities, investment-grade taxable municipal obligations, master limited partnerships, and short-term investments.
