Some investors follow the crowd and make investments based on market sentiment. A contrarian believes this behavior among investors can lead to mispricings in securities' markets. Our goal is to exploit market sentiment, either positive or negative, and use it as an attractive entry point when a stock valuation is depressed or an exit point when a company's fundamentals do not support a lofty valuation. We believe this is the best way to build long-term wealth.
Our managers find companies with strong financial and management profiles that have been overlooked and undervalued by the market and show signs of significant appreciation potential. We target stocks that we believe meet the following criteria:
We define "value" according to our proprietary 10 Principles of Value Investing™ — a process through which we routinely evaluate all of our stock transactions. Through this disciplined process we have been able to deliver long-term investment results while limiting downside risk.
Past performance does not guarantee future results. Value-based investments may be subject to the risk that the broad market may not recognize their intrinsic worth. An investment in the Funds involves risks, including loss of principal.