The fund seeks capital appreciation in the long term by investing in small-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 looks for companies that are high in quality or improving in quality.

In selecting securities for the portfolio, the research team focuses on companies that are benefitting from structu

The fund seeks capital appreciation in the long term by investing in small-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 looks for companies that are high in quality or improving in quality.

In selecting securities for the portfolio, the research team focuses on companies that are benefitting from structural growth or structural change.

Additionally, the team prefers companies that have a business model with identifiable competitive advantage(s)/barrier(s) to entry, and a scalable market opportunity.

The team also favors companies with balance sheet strength, and a proven management team with a history of good capital allocation.

In addition, the team believes such companies demonstrate high or improving returns on capital, superior free-cash-flow generation, and positive or inflecting earnings.

Also, the research team integrates environmental, social and governance factors as part of its process.

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 may also invest up to 25% of its net assets in foreign securities (including American Depositary Receipts, which may be sponsored or unsponsored, and Global Depositary Receipts).

Additionally, the fund may also invest in publicly-traded real estate investment trusts and may also lend its securities.