The Roosevelt Multi-Cap Fund (BULLX) is designed to play both offense and defense. It is a diversified portfolio of 50-80 securities that reflect our investment team's most compelling investment opportunities, regardless of market capitalization, style orientation, or geographic location. Our investment professionals attempt to identify structural changes that translate into investment themes, while our risk management approach seeks to protect shareholder capital. The strategy aims to keep non-U.S. securities and/or ADRs to a maximum of 15% at cost.
An Overview of Our Multi-Cap Approach
We typically begin with a broad universe of large, mid, and small cap securities and evaluate those investment opportunities in light of any possible undercurrents of structural economic, political, social, demographic, and/or industry-specific change. This top-down, macro-economic perspective can often identify drivers of sustainable growth, and opportunities where we can seek to capitalize on market inefficiencies.
Fundamental security analysis involves thorough financial statement analysis, peer comparative analysis, valuation modeling, and management assessment. Each member of our investment team acts as a generalist in the research process. This serves to maximize analyst coverage in each security and brings individual thought to investment considerations.
We apply deliberate focus on risk management to every step of the investment process. Our primary consideration is always the protection of capital, therefore, risk mitigation is employed at the macro, portfolio and individual security levels.
The objective of the Fund’s Multi-Cap strategy is to capture the upside of a positive market, while protecting the portfolio against the downside risks of a negative market.
Representative Investment Themes
*Cash represents 0.85% 1Non-Thematic
Holdings represent individual securities selected
for their risk and reward merits. Some of these
securities are possible components of future
themes or representative of past themes.
As of 12/31/11
There is no guarantee that this or any investment strategy will succeed; the strategy is not an indicator of future performance; and investment results may vary.
Small- and Mid-Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Investments in non-U.S. securities or ADRs may present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for those investments in emerging markets.