The fund seeks capital growth and appreciation by investing in companies across any size in the United States.

The investment process is designed to highlight high-quality companies in the benchmark index exhibiting attractive long-term investment potential.

The research team screens growth-oriented companies whose revenue, earnings and/or cash flow are likely to grow faster than the economy.

Next the team looks at a number of factors in selecting securities, including stability and predictability of earnings gr

The fund seeks capital growth and appreciation by investing in companies across any size in the United States.

The investment process is designed to highlight high-quality companies in the benchmark index exhibiting attractive long-term investment potential.

The research team screens growth-oriented companies whose revenue, earnings and/or cash flow are likely to grow faster than the economy.

Next the team looks at a number of factors in selecting securities, including stability and predictability of earnings growth, acceleration of earnings and/or revenue, improvement in profitability and market share, and sustainable generation of cash flows from operations.

The research process is driven by fundamental analysis of one stock at a time. The team seeks companies that are growing faster than the market and the overall economy, whose capital requirements are generated organically, and that have a history or potential for industry leading profitability.

Then the manager constructs a portfolio that holds the stocks of 35 to 50 companies that have top-line growth, margin structure, return profile, cash flow generation, capital structure, capital intensity, sustainable competitive position, management competency and valuation.

Other items considered include the total addressable market, sector and industry growth rates, and the variability and duration of the market’s growth.

Many of the companies in which the fund may invest have products or services in foreign markets and therefore, the fund may have indirect exposure to various foreign markets.

Additionally, the fund may invest in securities of companies across the valuation spectrum, including securities issued by growth and value companies.

The fund may invest in companies of any size, and of any industry, but the manager will generally emphasize large-capitalization companies.