The fund seeks capital appreciation in the long term by investing in 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 invests in common stocks of small, emerging growth companies, preferably early in their corporate life cycle.
The team favors companies that exhibit accelerating earnings growth potential because of rejuvenated management, new products, or structural changes in the economy.
In selecting securities for the portfolio, the research team focuses on companies with proven management teams that employ sound financial and accounting policies.
Also, the team considers companies that demonstrate innovative research, product development, and marketing, as well as possess pricing flexibility.
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.
Additionally, the fund may invest in foreign stocks.