The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.
The fund manages assets with the help of four managers namely ArrowMark Colorado Holdings, LLC, ClearBridge Investments, LLC, Stephens Investment Management Group, LLC, and Wellington Management Company LLP.
The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.
Each manager independently selects and maintains a portfolio of common stocks for the fund.
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 tend to have superior growth potential.
Also, these companies often provide little or no dividend income.
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.