Mid Cap Growth

Key Investment Tenets

Growth

Profitability

Franchise

Valuation

  • Positive revenue and earnings growth

  • Strong competitive position in stable, expanding industry

  • Positive earnings

  • Free cash flow positive

  • Established profit margins

  • Management focused on core business and aligned with stakeholders’ interests

  • Prudent use of debt and leverage

  • Evaluate relative to history, peers, and economic conditions

Strategy Highlights

STYLE: Mid Cap Growth

INCEPTION: 10/1/1999

BENCHMARK: Russell Midcap Growth Index

CONCENTRATED: Target Number of Holdings 35-45

DIVERSIFICATION TARGETS: 5% maximum individual security weight & 25% maximum exposure to a particular industry, in general

LOW TURNOVER: 25 to 50% annually

FULLY INVESTED: Average cash allocation of 1 to 5%

Investment Policy Committee

Todd Solomon, CFA Committee Chair

Gregg O’Keefe, CFA

Amy Noyes, CFA

John O’Reilly, CFA

Brian Cunningham, CFA

Aaron Fellows, CFA

2022 SMA Manager of the Year

Overall Award Winner & U.S. Equity Small or Mid-Cap Category Winner

From Envestnet | PMC and Investment

Advisor Magazine

Mid Cap Growth Envestnet Award Disclosure:

There is no cost and no application on the manager’s behalf in order to obtain this award. There are no cash or non-cash contributions for recipients of this award. Managers must be participants on the Envestnet platform and open to new investments on such platform in order to be eligible for the award. As such, Envestnet is a client. Past performance, including this recognition, is not indicative of future results.

The selection process takes about two months and begins with the Envestnet team of analysts who research each category for best-in-class managers by using a number of quantitative and qualitative metrics (the number of managers in each category varies). In addition, the analysts meet with most management teams to narrow the field in each category, which is between 30 to 200 managers. The finalists are culled from thousands on the Envestnet platform by PMC analysts, rated by category, and then reviewed by the judging committee. To be considered for an award, the portfolio manager should have $200 million in assets and three years of experience (this can fluctuate according to the robustness of each category.) Although performance is a key ingredient in selecting winners, longer-term consistency in performance is key.

The analysts make detailed presentations of top choices to the judging committee, which then deliberates and votes on the winners. The selection committee consists of Envestnet | PMC Chief Investment Strategist Tim Clift; Managing Director Erik Preus, CFA; Co-Chief Investment Officer Dana D’ Auria; Investment Advisor Editor-in-Chief Janet Levaux; and Managing Editor Ginger Szala.

Please use this link for all award recipients

Investing involves risk. Principal loss is possible. Before investing, consider the investment objectives, risks, charges and expenses.