The fund seeks capital appreciation in the long term by investing in mid-size companies in the United States.
The investment process starts with companies in the benchmark index and the research team narrows the list to include companies that are estimated to trade at discounts to their intrinsic values.
Next, the team analyzes the quality and durability of earnings and also reviews technical indicators including market and stock momentum.
The fund invests up to 30% of its assets in equities and attempts to replicate performance of the Russell Midcap Value Index.
The remaining assets are managed by the sub-advisors focused on identifying companies with above-average return on capital and earnings growth.