The fund seeks primarily capital appreciation and secondarily current income by investing in large-size companies in the United States.
The investment process is designed to identify companies that are undervalued but which have the potential to increase their estimated intrinsic value per share.
Then the research team employs a three-step process that combines research, valuation and stock selection.
First, the team takes an in-depth look at company prospects for as long as five years, to gain insight into a company's real growth potential.
Second, the research team ranks the companies in each industry group according to their relative value.
Third, the research-driven approach focuses on identifying the most undervalued securities in each sector.
The investment team also considers environmental, social and governance factors when assessing investment opportunities.
The portfolio is constructed of companies with attractive valuations as well as catalysts for stock price increases, higher potential reward versus risk, and temporary mispricing caused by market overreactions.