Investment Objective
The primary investment objective is to generate long-term growth of capital while achieving competitive returns over a market cycle.
Benchmark
Russell 1000 Value Index
Investment Philosophy
The portfolio managers utilize an interactive, research-driven approach to identifying companies with strong business franchises and attractive valuations. The portfolio managers seek to identify companies with proven business models that the managers understand; companies with a sustainable competitive advantage; and stocks capable of generating superior returns across a range of potential scenarios. The managers believe attractive valuations can be found by analyzing the timing and probability of cash flows; discounting earnings from emerging business models or products; and considering price relative to normalized earnings power.
Investment Process
- Define the Investment Universe
- Fundamental Analysis
- Portfolio Construction
- Risk Management and Sell Discipline