Annual Operating Expense Ratio: 0.61%
Minimum Investment: $250,000
We conduct fundamental analysis of the qualifying businesses on a bottom-up basis without regard to sector, industry group or market capitalization. To determine future value creation, we analyze both the growth and the use of free cash flow to benefit shareholders. Our proprietary discounted cash flow analysis and other metrics allow us to determine what we believe to be the full value of the business. We will purchase the stock only when its current market price represents a discount to our valuation.
Our annual selection process pares down 4,000 publicly-traded U.S. companies, creating a focused universe of approximately 230 to perform further screening.
Identification of quality growth companies on which to perform due diligence.
40-50 quality growth companies for potential inclusion in client portfolios.
Approximately 25-30 portfolio stocks selected that we believe should offer potential long-term returns with less volatility than the overall securities market.
Our sell discipline monitors the key tenets of our buy discipline: sustainable competitive advantages, growth, value creation and price. We will sell a company if: