The fund seeks capital appreciation in the long term by investing in small-and mid-size companies 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 companies that are estimated to trade below their fair values.
The team also focuses on companies that are lagging in market price and are trading at a discount to their estimated intrinsic value relative to measures such as cash flow and book value.
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 utilizes multiple investment advisors where each advisor independently selects and maintains a portfolio of common stocks for the fund.