We believe that companies with improving returns on invested capital will see earnings growth accelerate and valuations expand.

1
Identification and Analysis
Process
- Company Interviews
- Industry Analysts
- Identify Growth Drivers
- Capital Allocation and ROIC Trends
Results
100-200 Stocks
2
Valuation
Process
- CastleArk Forecasts vs. Consensus
- Sustainability
- Valuation Range
Results
50-100 Stocks
3
Portfolio Construction
Process
- Daily Meetings
- Manage Risk
- Sell Discipline
Results
40-50 Stocks


A process that emphasizes companies with improving Returns on Invested Capital

An experienced investment team focused on long term impact of new business investments that Accelerate Growth

A portfolio with a High Active Share and economic diversification
Jerome A. Castellini
- President, Chief Investment Officer, Portfolio Manager, Principal
Dan Becker, CFA
- CIO, Portfolio Manager, Principal
Robert S. Takazawa, CFA
- Vice President, Portfolio Manager, Principal
Quentin Ostrowski, CFA
- Vice President, Senior Research Analyst, Principal
Michael Wu, CFA
- Senior Equity Research Analyst
Brandy Hamilton
- Senior Equity Trader

