TorrayResolute Small/Mid Cap Growth Fund

The TorrayResolute Small/Mid Cap Growth Fund seeks to build investor wealth over extended periods.

  We believe   We are
  Value is in the business, not in the stock   Owners of businesses
  Free cash flow is a crucial driver of value   Total return investors
  Volatility creates opportunity   Committed to our process
        Focused on capital preservation


We invest in a limited number of high quality companies that have a record of increasing sales and earnings, and hold them as long as their fundamentals remain intact. Capable management and sound finances are critical considerations. Investments are made when it is believed a company's long-term outlook is sound and the shares are fairly priced.

The primary focus is on business analysis, and no attempt is made to forecast market trends. Quality companies with successful track records that have fallen from investor favor may be of interest if we determine the cause of investor disaffection is temporary, and that share prices fail to reflect our assessment of intrinsic value. However, companies with poor records, or those that suffer reversals deemed likely to be permanent are avoided regardless of how "cheap" their shares may appear.


Please click here for standardized performance as of most recent quarter end.

Performance data is based upon past performance, which is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Please call 800.626.9769 to obtain performance data as of the most recent month end.

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