LARGE-CAP GROWTH EQUITY STRATEGY

Overview

The Large Cap Growth Equity Strategy is designed for investors seeking long-term capital appreciation through investment in established, large-capitalization companies with strong and sustainable growth potential. The strategy focuses on industry leaders with scalable business models, durable competitive advantages, and significant free cash flow generation that supports continued expansion and shareholder value creation.

Strategy Philosophy

We believe large-cap growth companies can offer a compelling combination of innovation, financial strength, and market leadership. These businesses often possess the scale, resources, and operational advantages to drive continued growth while navigating changing economic environments.

A key focus of the strategy is identifying companies with strong and growing free cash flow, allowing them to reinvest in their businesses, strengthen competitive positioning, and pursue long-term opportunities while maintaining financial flexibility.

Investment Focus

The portfolio emphasizes large-cap companies that demonstrate:

Leadership positions within their industries
Strong and sustainable revenue and earnings growth potential
Meaningful and consistent free cash flow generation
Scalable business models with expanding market opportunities
Durable competitive advantages such as brand strength, intellectual property, or network effects
Solid balance sheets supporting reinvestment, innovation, and long-term growth

These are companies we believe are positioned to lead their sectors and compound value over time.

Portfolio Approach

The strategy is built through disciplined, company-specific research focused on business quality, competitive positioning, management execution, financial strength, and long-term earnings visibility. Emphasis is placed on established companies with proven business models and strong cash flow characteristics that can perform across varying market environments.

Risk Perspective

While equity markets can be volatile, large-cap companies often exhibit greater business stability due to their scale, diversified revenue streams, and financial resources. Strong free cash flow and established market positions may help support resilience during periods of market stress.

The strategy emphasizes quality and disciplined portfolio construction to help moderate volatility relative to smaller-cap growth approaches while maintaining exposure to long-term equity growth.

Objective

To deliver long-term capital appreciation by investing in a portfolio of large-cap, growth-oriented companies with strong competitive positions, substantial free cash flow generation, and the financial strength to sustain earnings expansion and long-term value creation.