Formula Growth Fund Overview

The Formula Growth Fund is a U.S. small and mid-cap long-only strategy. The U.S. stock market reflects the enterprise and wealth of the most dynamic economy in the world. The American economy and capital markets are constantly reshaping and evolving as new businesses are formed and old ones get competed away. Investing in growth companies can be one of the best ways to participate in the U.S. market.

Growth companies are typically innovative, smaller businesses managed by aggressive owner/entrepreneurs. Given their smaller size, such businesses are usually nimble and un-bureaucratic in their relationship to the marketplace, innovative in product development and design, and firmly customer focused. Typically, they also experience higher growth rates in revenues and earnings than larger companies in the economy or the market as a whole. IBM and Microsoft were once growth companies. The ideal growth investment is finding tomorrow's market leader today. Besides the attributes of a good business model, the Formula Growth Fund investment philosophy also looks for a high degree of stock ownership by management.

 Historical Quarterly Letters