Eagle Mid Cap Stock Fund

Mid-sized companies are often more stable than start-up companies and could provide suitable investors with less market risk while seeking growth potential. Companies in this market cap arena may be small enough to be unnoticed by analysts and business editors, yet large enough to have the critical mass to continue gaining market share.

Affiliated Managed Account

Investment Process
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Key Facts
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Literature

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.

Management strongly believes in buying firms that possess sustainable advantages at a price that is attractive relative to future cash flows.

Management seeks companies with sustainable advantages, specifically:

  • "Market power" firms that often have stable recurring revenue and income streams
  • Profitable companies generating cash so that growth can be self-financed
  • Firms in which earnings growth and profits revert to the mean unless a barrier to entry exists
  • Management emphasizes the importance of diversification in developing and maintaining the fund's portfolio

A Word about Risk

Investing in mid-cap stocks may involve greater risks than investing in larger, more established companies, including the risk of more volatile trading than with large-cap stocks.