The fund seeks capital appreciation in the long term by investing in companies across any size 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.

The process looks to invest in high quality companies at reasonable valuations within the energy and basic materials sectors.

Next, the investment team considers energy or basic materials companies to be involved in the exploration, development, production, refining or distribution of oil, natural gas, coal and uranium.

These companies are also involved in the construction or provision of oil rigs, drilling equipment and basic materials such as metals, minerals, chemicals, water, forest product, precious metals, glass and industrial gases or provide materials, products or services to such companies.

In selecting securities for the portfolio, the research team employs a multi-factor valuation framework, capital structure and financial quality analysis.

In evaluating companies, the team relies on valuation multiples such as earnings, sales, book value and operating cash flow.

Next, the team focuses on each company’s business prospects and earnings potential.

Then the manager constructs a diversified portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to make temporary investments in investment grade debt securities under adverse market conditions.

The fund seeks capital appreciation in the long term by investing in companies across any size 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.

The process looks to invest in high quality companies at reasonable valuations within the energy and basic materials sectors.

Next, the investment team considers energy or basic materials companies to be involved in the exploration, development, production, refining or distribution of oil, natural gas, coal and More