Value
First and foremost, we are value investors. We invest in quality companies we believe are
undervalued by the market. In an effort to limit downside risk and maximize upside potential, we
typically seek out companies that have strong competitive positions, solid financials, and capable,
shareholder-friendly management teams.
Sustainability
In addition to our value oriented investment strategy, we look for companies that balance profit
generation with an awareness of their impact on the environment and society.
Focus
We invest the Fund’s portfolio in a limited number of investments which represent our best
investment ideas. Based on experience, we believe a key determinant of superior performance is
developing and cultivating a thorough understanding of our portfolio investments.
Patience
When we invest in a company, we anticipate holding our investment for a long period of time to
minimize taxes and transaction costs. We will consider selling or reducing a holding when the stock
price reaches our target price, when our appraisal of a company’s intrinsic value declines, or when
better investment opportunities exist elsewhere.
Alignment
In order to align our interests with our shareholders’ interests, we are co-investors in the Fund. At
the end of the previous quarter, the Advisor's portfolio managers, associates, and families owned
over 5% of the Fund’s outstanding shares.
|
