December 15, 2015
We manage U.S. Large Cap, All-Cap, and Small Cap strategies. These mandates are all purcha-cap within the appropriate universe, and allow for these of any U.S. security (including ADRs) with a minimum market cap of $100 million (for small cap and U.S. Sustainable Equity) or $2 billion (for large cap), and with sufficient liquidity and analyst coverage to allow for the purchase of the security in institutional quality portfolios, and allow the firm to implement its qualitative overview. These mandates are invested using our earnings-based process. The U.S. Small Cap Portfolio is usually benchmarked against the Russell 2000 Growth Index, the U.S. Large Cap Portfolio is usually benchmarked against the Russell 1000 Growth Index, and the U.S. Sustainable Equity Portfolio is usually benchmarked against the Russell 3000 Growth Index. We also manage a U.S. Equity-Income strategy with the objective of high current distributable income.