The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.
The sub-advisor’s investment process is designed to highlight undervalued companies whose future earnings growth potential is not reflected in their current market prices.
The research team evaluates companies based on valuation, quality and momentum characteristics.
Next, the team narrows the investable universe to a list of companies on the basis of management strength, products and/or services, competition and risk profile.
The research process leads to a portfolio of approximately 50 securities that are diversified among major economic sectors.
The fund has the flexibility to invest up to 10% of its net assets in equity securities of foreign issuers, including American Depositary Receipts and similar investments.