The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The investment process uses fundamental, bottom-up research to identify growth and value stocks.
The research team looks for stocks that have the most favorable combination of company fundamentals, earnings potential and valuation.
The research process looks for companies with capable management teams, above-average earnings growth, cash flow growth, or profit margins, leading or improving market position or proprietary advantages, attractive business niche and valuation, low stock price relative to a company’s underlying asset values, and/or potential to conduct share repurchases.
The team seeks to place less emphasis on economic trends, business cycles, or the industry in which the company operates.
The fund may purchase a security if it believes there could be an increase in value as a result of an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a management change.
Sector allocations are largely the result of the fund’s focus on bottom-up stock selection.