Investment Process

Distinctive, Opportunistic & Repeatable Process

The quality of our strategies is rooted in our commitment to following focused, disciplined and consistent processes. While the Value and Dividend Value processes are each distinct, both are team-based and driven by bottom-up, fundamental research.

Idea Generation >> Due Diligence >> Portfolio Construction >> Risk Management

Idea Generation >>
Our research team is responsible for generating and evaluating new ideas, and developing and documenting the Investment Case for all potential holdings. We identify investment opportunities through the use of both qualitative tools and quantitative screens.

Due Diligence >>
Once we have identified a potential addition to the portfolio, we conduct fundamental valuation and analysis. Analysts present the Investment Case to the Investment and Research Team for discussion. All investment decisions are ultimately made by the Portfolio Managers.

Portfolio Construction >>
Our portfolios are diversified by business, origin of cash flow and catalyst for value creation. In building and managing our portfolios, we seek to maximize overall return while mitigating risk. Positions are constantly monitored and evaluated against our sell criteria.

Risk Management >>
We review and analyze risk within our portfolios through three independent perspectives: at the position level, at the portfolio level, and through the use of risk management tools at the firm-wide level.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-422-3554 or visit