The fund seeks capital appreciation in the long term by investing in small- and-mid-size companies in the United States.
The sub-advisor’s investment process is designed to identify companies with well-established operations, a high return on invested assets, and products or services with a minimized chance of obsolescence.
The team also favors companies with significant barriers to entry, and strong management.
The concentrated portfolio holds approximately 20 to 35 high-conviction stocks, and the fund may have significant exposure to the Materials sector.
Normally the fund invests in small- and mid-capitalization companies but has the flexibility to invest in all market capitalizations.