The fund seeks primarily capital appreciation and secondarily income by investing in companies across any size 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 equity securities of U.S. and foreign companies.
The team focuses on companies that are estimated to trade below their fair values.
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.
The fund may invest up to 35% of its net assets in foreign securities and participations in foreign government debt.
Also, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.
While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.