The investment seeks long-term growth of capital.
The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The Adviser focuses on medium to large U.S. companies (i.e., those with market capitalizations of $1 billion or more at the time of purchase) whose securities, in the Adviser's opinion, are out-of-favor (undervalued) in the marketplace. The Adviser's investment strategy uses a quantitative investment model to make investment decisions for the fund. The fund is expected to experience a low level of portfolio turnover.