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 invests in securities of established and emerging companies.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, th

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 invests in securities of established and emerging companies.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on unique companies having durable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, balance sheet strength and an attractive risk/reward.

As part of the team's analysis of a company's sustainability, the team considers environmental, social and governance factors relating to the company.

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 in privately placed and restricted securities.

Additionally, the fund may invest up to 25% of its net assets in foreign securities, including emerging market securities and securities classified as American Depositary Receipts, Global Depositary Receipts, American Depositary Shares or Global Depositary Shares, foreign U.S. dollar-denominated securities that are traded on a U.S. exchange or local shares of non-U.S. issuers.