SMid 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: SMid Growth
INCEPTION: 4/1/2017
BENCHMARK: Russell 2500 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
Nancy Huynh Committee Chair
Dan Lagan, CFA Committee Co-Chair
Matt Lagan, CFA
Ryan Tumbry, CFA
Zach Zeller, CFA
Investing involves risk. Principal loss is possible. Before investing, consider the investment objectives, risks, charges and expenses.