Forester Discovery Fund
The Forester Discovery Fund is a diversified, no-load mutual fund for investors seeking long-term growth of capital by investing primarily in common stocks from countries outside of the United States, with added emphasis on capital protection in unfavorable market conditions. The fund generally invests at least 65% of its net assets in non-US companies. These companies may operate in developed countries, such as the Western Europe, Japan, and Canada, as well as in firms based in emerging markets, typically in the Far East, Latin America, and Eastern Europe. Three are no restrictions on the size of companies in which the fund may invest. The fund’s objective is maximum long-term capital growth.
Our decisions are grounded in a fundamental belief that Low P/E stocks outperform over the long-term. The fund invests in stocks of companies that it believes are undervalued and have great appreciation potential. At times, the fund is positioned defensively when the manager believes that the overall stock market is highly valued or that market conditions warrant it.
The Fund seeks to purchase the best bargain stocks in each market sector. This diversifies the portfolio while maintaining the focus on bargain stocks.
The Fund buys more earnings, assets and dividends than the overall market with each investment dollar. This allows the Fund to start with a lead versus the market and not have to rely as much on future growth.
The Fund generally purchases a stock only at a price deemed significantly below the intrinsic value of the company—Forester Capital’s estimate of the amount a buyer would pay to own the entire company—after performing its own fundamental analysis of the company.