Fund Description

The fund invests primarily in equity securities of both U.S. and foreign companies that are believed to be undervalued relative to their fundamental value. The strategy emphasizes acquiring securities at market prices below their intrinsic worth, focusing mainly on common stock, with some allocation to merger arbitrage and distressed company securities. While it predominantly targets large- and mid-cap stocks, there is also exposure to smaller companies. Investment in foreign securities may reach up to 100%, with a commitment to maintain at least 30% in such assets. The fund employs a fundamental value approach, considering factors like cash flow potential and earnings while selectively weighing environmental, social, and governance (ESG) considerations.