SMALL- & MID-CAP GROWTH EQUITY STRATEGY

Overview

The Small- & Mid-Cap Growth Equity Strategy is designed for investors seeking long-term capital appreciation through investment in smaller and mid-sized companies with strong growth potential. The strategy focuses on businesses earlier in their growth cycles that demonstrate expanding market opportunities, innovative capabilities, and the potential to increase earnings at an above-average pace.

Strategy Philosophy

We believe smaller and mid-cap companies can offer meaningful growth opportunities as they scale operations, expand market share, and strengthen competitive positions. These businesses often operate in developing segments of their industries, where innovation, agility, and focused leadership can drive sustained expansion.

The strategy emphasizes identifying companies with durable growth drivers, strong management teams, and the financial capacity to support continued development.

Investment Focus

The portfolio emphasizes small- and mid-cap companies that demonstrate:

Strong revenue and earnings growth potential
Expanding market opportunities and scalable business models
Competitive advantages through innovation, technology, or specialized expertise
Financial strength to support reinvestment and operational growth
Clear long-term business expansion pathways

These are companies we believe are positioned to grow in size, market relevance, and earnings power over time.

Portfolio Approach

The strategy is built through disciplined, company-specific research focused on business quality, competitive positioning, management execution, and long-term growth visibility. Emphasis is placed on identifying companies with the potential to evolve into larger industry leaders.

Risk Perspective

Smaller and mid-cap companies may experience higher volatility than larger firms due to factors such as business concentration, market sensitivity, and evolving competitive landscapes. The strategy seeks to manage these risks through diversification, quality focus, and ongoing evaluation of business fundamentals.

Objective

To deliver long-term capital appreciation by investing in a diversified portfolio of small- and mid-cap growth companies with scalable business models and strong potential to expand earnings and market presence over time.