The fund seeks capital appreciation by investing in small-and micro-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.
Next, the research team focuses on companies that are estimated to trade below their fair values.
The team may invest in both growth and value stocks.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team employs financial analysis and proprietary research to evaluate companies’ management and long-term outlook and business strategies.
Also, the research team integrates environmental, social and governance factors as part of its process.
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 may invest in foreign securities, including American Depositary Receipts and Global Depositary Receipts.
The fund may, from time to time, focus its investments in one or more sectors represented in the Index.
