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 that exhibit accelerating growth characteristics. The process employs a bottom-up stock selection using fundamental research to look for companies with superior long-term appreciation prospects.
Next, the research team analyzes a company’s financial statements and management structure. The team also looks for attractive business niches, and a sustainable competitive advantage.
The portfolio is diversified to include dividend-paying stocks.
Normally the fund invests in mid-size companies but has the flexibility to invest in all market capitalizations. The fund may at times invest significantly in the technology sector.