Roxbury’s Focus strategy seeks long-term capital appreciation by investing in a concentrated portfolio of quality, sustainable growth companies.

Following a bottom-up investment process, we look for stocks exhibiting above-average earnings growth, strong financial strength, dominant business models, pricing power, significant free cash flows, attractive risk/reward characteristics, and the ability to prosper in a variety of market environments.

In addition, every company must have what we refer to as a “wide economic moat,” or competitive advantage, that will allow it to grow returns on capital relative to the cost of capital well into the future.

The portfolio typically consists of 15 to 20 stocks. Position sizes average 5%, though that weighting can vary depending on a stock’s risk-reward characteristics.

For a more complete description of the Focus strategy’s investment approach, including the latest portfolio statistics, please download the most recent Fact Sheet .

Portfolio Managers: Silas A. Myers, CFA and Brian L. Massey, CFA (Sub-advised by Mar Vista Investment Partners)