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 with a track record of above-average earnings growth and return on capital.
Next, the team analyzes the quality and durability of earnings and also reviews technical indicators including market and stock momentum.
The actively managed fund frequently buys and sells securities that may lead to higher than average tax liabilities.