Our primary objective is to preserve the principal investment of our clients. Secondly, our objective is to grow that principal amount over time by consistently executing on our investment discipline. Thirdly, our objective is to exceed the returns generated by the relevant passive benchmarks over time without deviating from our investment discipline.
We base our investment decisions on four underlying drivers of security selection. These four drivers are an attractive and understandable business, a healthy operating momentum and earnings outlook, a strong financial profile, and an appealing valuation.