The fund seeks primarily capital appreciation and secondarily current income from interest or dividends 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 emphasizes companies that are experiencing positive and sustainable fundamental changes.

The team then analyzes each company’s prospects, returns, past and expected future performance, and the quality of its corporate management and capital allocation.

Then the team utilizes fundamental analysis to review a company’s pre-tax margins, return on equity and cash flow, and earnings trends.

The investment team further evaluates the capital allocation strategy of these companies.

Then the manager constructs a portfolio that typically has between 30 and 50 holdings and includes stocks that are diversified by company size, economic sector, business geography, valuation, and financial strength.

The manager selects securities based on the fundamental operating performance of individual companies relative to other available investments.