The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The sub-adviser’s investment process is designed to highlight companies that are deemed to have superior long-term earnings prospects. The sub-adviser looks for high-quality companies on the basis of pricing power, recurring revenues, and global reach.
Next, the research team narrows the investable universe to companies demonstrating sustainable growth characteristics. The team also looks for businesses that are market leaders in their industries generating strong profit margins and investment returns.
In addition, the team focuses on companies that supply consumable products or services with recurring revenue streams. The fund selects companies that have consistent earnings growth in various market cycles.
The fund has the flexibility to invest up to 20% of its net assets in securities of foreign issuers, and may focus on a particular sector or sectors of the economy.