TOPGUN PORTFOLIO MANAGERS

The universe of portfolio managers is large and diverse, making the selection of TopGun Portfolio Managers complex. Most often, Portfolio Managers are singled out for performance alone, and while a solid track record is essential, it fails to recognize the importance of other criteria that are also important in the long term.

TopGun Portfolio Managers appear to have the ability to predict the future. And they are often paid royally for that talent. But it isn't magic but a lot of hard work, discipline and experience that produces results. TopGun Portfolio Managers are those with exceptional performance and a track record of excellence.

Approximately 500 sell-side analysts select their TopGun Portfolio Managers whom they rank as true leaders. In making their selection, analysts used performance as well as Portfolio Managers' best approach to investing, receptivity to new ideas and creativity. The Brendan Wood Panel continues to place considerable importance on the views of analysts. They are valued panelists in nominating Portfolio Managers because:
- They know the Portfolio Managers as individuals through daily contact.
- They know how Portfolio Managers think.
- They see the results of Portfolio Managers' investment process including why they buy and sell stocks; how they reason; how they plan; how deeply they think and the effectiveness of their investment philosophy.
- Analysts have a unique window into Portfolio Managers' philosophies and investment disciplines.
- Analysts are closest to the market results of Portfolio Managers and can see through the superficialities of short-term performance. They can separate Portfolio Managers' luck from skill and wisdom/discipline from lucky punches.

WHAT DISTINGUISHES THE TOPGUN PORTFOLIO MANAGERS

- Understands each company's senior management intimately.
- Performs thorough, incisive primary research. Goes into the field and learns about companies first-hand.
- Has great breadth and depth of sector knowledge. Knows the stocks and the key issues affecting the sector.
- Has a keen market sense. Understands what drives the markets. Puts current events into a historical perspective and understands where stocks are in the cycle.
- A good stock picker. Instinctive.
- Stays level-headed and ignores hype. Picks stocks based on consistent principles.
- Thinks laterally. Willing to make unconventional and creative investment decisions. Open-minded.
- Has a strong track record; funds under management have grown significantly.
- Excellent work ethic.