Investment Strategies - Mid Cap Growth

Process

The process focuses primarily on companies between $2.5 billion and $10 billion in market capitalization.  We employ the same bottom-up, fundamentally driven investment discipline as the firm’s Large Cap Growth process.  The primary difference in these two strategies, other than market capitalization and benchmark, is the number of target holdings (45 to 65) due to the lower liquidity in the Mid Cap universe.

M&C Mid Cap Growth strategy invests in high-quality, mid-cap growth stocks that offer a compelling combination of earnings growth and attractive value.  Our objective is to identify stocks that are selling at a discount to intrinsic value and exhibit above-median near-term relative earnings strength.  We favor companies with leading franchises, proven management teams, strong finances, and attractive long-term secular growth characteristics.  Through our stock selection criteria we seek to manage risk through portfolio construction and a strict sell discipline.