The portfolio manager seeks long-term capital appreciation by investing principally in the equity securities of companies with capitalizations of $500 million to $15 billion.
The team seeks to buy growing, high-quality companies at a discount to what the managers perceive are their fair-market values.
- Superior cash-flow generation
- Management with successful record of business-strategy execution
- Defensive business models
- Sustainable growth
- Solid balance sheet
- Pay reasonable prices
- Disciplined sell policy
- Diversified portfolio
- Sector-weight policies
Investments in mid-cap companies generally involve greater risks than investing in larger capitalization companies. Mid-cap companies often have narrower commercial markets, more limited managerial and financial resources, and more volatile trading than larger, more established companies.