Investment Approach

• Focus on companies within the market cap range of the Russell MidCap Growth Index, generally between $5 billion and $50 billion (USD) at time of purchase.
• We target companies with an expected annual earnings growth rate equal to or greater than 12%.
• Require solid financial characteristics and financial flexibility to help hedge against the operational risk endemic to faster growing companies.
• Conduct fundamental research to identify companies with strong management and attractive business models that can deliver above-average earnings growth.
• Broadly diversify holdings to help manage portfolio risk profile.
• Target reasonable valuation relative to expected growth.
• Stay focused on the long term — typically employ a low turnover, patient trading strategy.