Investment Objective

Our goal in the TIM Small Core equity product is to provide long-term capital appreciation and to outperform the Russell 2000 Index over a full market cycle (usually 3 to 5 years).

Philosophy

• Fundamental and research driven approach to investing in small company stocks
• Team oriented investment decision-making process encompassing in-house research
• Identify catalysts for secular and fundamental change
• Companies that exhibit: sustainable business models, superior managements and substantial increases in discretionary free cash flow
• Attractive valuations based on discounted cash flow analysis

Portfolio Structure

• Portfolio typically 40-80 securities
• Minimum market cap of $100 million; maximum market cap of $3 billion
• Broadly diversified by industry and sector
• Turnover range typically 50-80%
• Fully invested

For performance or further information on TIM's Small Core equity product, please contact TIM at 866-923-3155.