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

The investment process is designed to highlight undervalued companies that are trading at a significant discount relative to their estimated intrinsic value.

The process focuses on companies that may be out of favor for temporary reasons but have prospects for long-term continued and consistent growth.

The process starts with a list of companies in the benchmark index and narrows the list to include those that

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

The investment process is designed to highlight undervalued companies that are trading at a significant discount relative to their estimated intrinsic value.

The process focuses on companies that may be out of favor for temporary reasons but have prospects for long-term continued and consistent growth.

The process starts with a list of companies in the benchmark index and narrows the list to include those that meet hurdles on growth, earnings and valuation criteria.

Next, the research team utilizes evaluates a company’s intrinsic value on the basis of cash flow generation, and valuation multiples such as earnings and book value.

The team also considers factors such as a company’s growth potential, changes in share count, and working capital. The team also looks for identifiable catalysts that will help the companies achieve their estimated intrinsic values.

Generally, the portfolio holds 30 to 45 securities. 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.

Although the fund primarily invests in securities issued by large-capitalization companies, it has the flexibility to invest its assets across market capitalizations.