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.