The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The sub-advisor’s investment process is designed to highlight companies from the list included in the benchmark index that are underappreciated and trading at a discount to their estimated intrinsic value.

Then the research team combines quantitative and qualitative techniques to look for high-quality companies with sound competitive positions, established operating histories, financial strength,

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The sub-advisor’s investment process is designed to highlight companies from the list included in the benchmark index that are underappreciated and trading at a discount to their estimated intrinsic value.

Then the research team combines quantitative and qualitative techniques to look for high-quality companies with sound competitive positions, established operating histories, financial strength, and proven management teams.

The team performs fundamental research to identify securities with one or more catalysts that will unlock the intrinsic value of the securities over a period of three to five years.

These catalysts may include productive use of strong free cash flow, productivity gains, positive change in management or control, innovative or competitively superior products, increasing shareholder focus, or resolution of ancillary problems or misperceptions.

Then the manager constructs a concentrated portfolio of approximately 30 to 50 high-conviction names and manages company and portfolio risk by diversifying the fund across sector, industry, economic cyclicality, and interest-rate sensitivity.

The fund may invest up to 20% of its net assets in securities of foreign issuers, through ADRs and similar investments.