The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.
The investment process is designed to invest in high-technology companies.
The investment team considers a high-technology company to be one that employs a relatively high degree of engineering and/or scientific intensity to deliver its products or services.
Next, the research team focuses on companies in the industries and markets that exhibit the greatest growth potential within the technology sector.
The team relies on fundamental analysis to highlight companies whose intrinsic value is not fully reflected in current market prices.
When evaluating a company’s intrinsic value, the team assesses various factors that influence its earnings potential such as the capability of the technology, breadth of product line, and barriers to entry which include patents and other intellectual property rights.
Also, the research team considers the competitive landscape, product development, marketing acumen, and quality of management and vision of a company.
Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
Additionally, the fund has the flexibility to own stocks of newer, less-established companies in the small- or mid-cap categories.
There is also no percentage limit on the fund’s ability to invest in securities of foreign issuers.
The fund is non-diversified, which means that it invests in fewer companies than a diversified fund.