The fund’s primary objective is to appreciate capital and secondarily generate current income.
The investment process includes companies of all market capitalizations and is designed to identify companies with sustainable business models, attractive earnings and cash flow streams, and operated by shareholder friendly management. The process also favors companies that are trading at attractive prices to their peers or market.
The fund decides its allocation between stocks and bonds depending on the market conditions, earnings outlook and risk-reward ratios for both asset classes.
The fund has the flexibility to invest in foreign securities including emerging markets and has a 20% threshold to U.S. debt securities.