The fund seeks capital appreciation by investing in large- and mega-size U.S. companies.
The investment process prefers companies with a proven track record of earnings, sustainable above-average return on capital and attractive free cash flow, and positive long term growth outlook.
The research team evaluates management by focusing on the company’s dividend track record, accessibility to shareholders, management incentives including direct equity ownership, and employment of conservative accounting practices.
The fund constructs a concentrated, high-conviction portfolio with high active shares and invests in approximately 20 companies.