Focused Equity Strategy

The strategy places a priority on protecting against the permanent loss of capital while seeking to outperform the Russell 3000 Index over a full market cycle.

Take advantage of irrational human behavior and identify companies mispriced by the market
Unique investment framework directly links valuation and barriers to entry
Deeply resourced team of seven, including sector specialists with common investment beliefs
Flexibility to shift portfolio through a market cycle
High conviction portfolio enables alpha generation

Focused Equity Commentary (PDF)

Focused Equity Fact Sheet (PDF)

All Cap / High Conviction
STYLE

Russell 3000
BENCHMARK

Oct. 1, 2007
INCEPTION

Philosophy

The Focused Equity team believes that in order to generate long-term investment outperformance, an investor must:

Pay as little as possible for future value creation
Invest in businesses capable of generating excess returns on capital
invest in businesses with higher barriers to entry

This philosophy was developed based on the following four tenets of investing which have not changed over time and are embedded within the investment process:

The key to investing is taking advantage of irrational human behavior
- Buy businesses priced for the late-stage of the corporate life cycle
Equity portfolios are over-diversified
Pay as little as possible for the future
- Buy businesses which provide future value creation largely for free
The most important factor is the barrier to entry

Strategy Facts

As of 12/31/2023
Assets Under Management	$2.3 billion
eVestment Universe	U.S. All Cap Core Equity Universe
Investment Vehicles	Separate Account Mutual Fund

Management

James E. Wilhelm, Jr.

Managing Director, Senior Portfolio Manager

Career Summary
Riggs Investment Management
First Union Securities
Evergreen Funds
Salomon Smith Barney

Education
BS - Wingate University
MBA - Johns Hopkins University

Meet James Wilhelm

Sunit Gogia

Vice President, Portfolio Manager, Director Equity Research

Career Summary
Morningstar
Microsoft
AT&T
Tata Consultancy Services

Education
BE - University of Mumbai
MBA - Columbia University

Meet Sunit Gogia

Meet Public Equity Team

Resources

Focused Equity Commentary (PDF)

Focused Equity Fact Sheet (PDF)

Related Insights

IMPORTANT DISCLOSURES

Frank Russell Company (FRC) is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. The presentation may contain confidential information pertaining to FRC and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Fort Washington presentation of the Russell Index data. Frank Russell Company is not responsible for the formatting or configuration of this material or for any inaccuracy in Fort Washington's presentation thereof.

Focused Equity Strategy

Philosophy

Strategy Facts

Management

James E. Wilhelm, Jr.

Sunit Gogia

Resources

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