The fund seeks to provide absolute returns 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 primarily in income producing convertible securities.

The team seeks to identify undervalued convertible securities to assess a security’s income characteristics, liquidity, credit quality, volatility and equity value.

As part of the process, the team favors companies with superior business models, quality management, and favorable financial conditions.

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 fund may also invest in equity securities and non-convertible fixed income securities.

In addition, the fund may invest in securities of any maturity, duration or credit quality, including securities rated below investment grade.

Also, the fund may invest in foreign companies in both developed and emerging markets.

The fund may invest in derivative instruments, such as futures contracts, forward contracts, options and swaps.

Additionally, the fund may also seek to generate income from option premiums by writing (selling) call and put options on individual securities, broad-based securities indexes or exchange-traded funds.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The investment process employs a value style of investing to highlight companies from the list included in the benchmark index that are undervalued and offer an attractive opportunity for price appreciation coupled with downside risk limitation.

Next, the research team focuses on high-quality businesses with superior free cash flow, an improving return on equity, balance sheet strength and, positive earnings surprises.

Then the team utilizes a fundamental bottom-up security selection process to construct a portfolio of 40 to 60 securities that are well diversified among market sectors.

The fund may also invest in exchange-traded funds, real estate investment trusts, royalty trusts, and master limited partnerships.

The fund seeks primarily capital appreciation and secondarily dividend income by investing in companies in the United States.

The investment process relies on fundamental research to identify undervalued companies with the potential for improving cash flows.

The process seeks to capture market upside while limiting downside risk.

Next, the research team assesses a company’s business models, and management and financial strength.

In addition, the team also focuses on a company’s value, volatility, income, credit quality and liquidity characteristics.

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.

Next, the research team focuses on high-quality companies with balance sheet strength, superior free cash flow and the potential for attractive future returns.

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 with price appreciation potential.

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 holds approximately between 50 and 70 securities that are well diversified among market sectors.

The fund may invest in shares of exchange-traded funds, real estate investment trusts, royalty trusts, and master limited partnerships.

Also, the fund may invest in securities of foreign companies and American Depositary Receipts.

The fund seeks capital appreciation in the long term by investing in small- and mid-size companies in the United States.

The investment process is designed to identify high-quality companies that appear to be undervalued but exhibiting attractive price appreciation potential.

The research team is using quantitative techniques to look for businesses with strong balance sheets and free cash flow and the potential for attractive future returns.

The team also evaluates a company’s return on equity, and estimated earnings metrics.

The portfolio of 45 to 75 holdings is constructed using a fundamental bottom-up security selection process.