




Investors long-term success
INVESTORS'
LONG-TERM
SUCCESS
LONG-TERM
SUCCESS
Our Primary Objective
Intelligent risk management
INTELLIGENT
RISK
MANAGEMENT
RISK
MANAGEMENT
A Fundamental Investing Principle
Focused Portfolio
FOCUSED
PORTFOLIO
PORTFOLIO
disciplined selection
Experienced Team
EXPERIENCED
TEAMS
TEAMS
Continuity of Process
Low turnover approach
LOW TURNOVER
APPROACH
APPROACH
High Conviction
and Tax Efficient