Greenwood Capital uses a disciplined approach in the management of equity portfolios. We invest in high quality, large capitalized companies with a history of strong earnings growth. Our approach to the selection of equities initially involves an assessment of the current economic, market and political environments with respect to the overall business cycle and sector trends. Considering the outlook of these variables, we determine which economic sectors should prosper.

After this analysis has been completed, we move to the selection of the individual companies focusing on those which exhibit: (i) superior growth prospects relative to the market; (ii) solid fundamentals and strong management teams; and (iii) reasonable valuations relative to the market. Our goal is to build a portfolio that will not only outperform the market, but one that is broadly diversified among the various economic sectors. Our investment process yields a portfolio of 30 - 40 core holdings that is the foundation of our equity model.

As an integral part of our equity management process, we continuously monitor the fundamentals and valuation of the companies in this model equity portfolio. Our committee of investment professionals meets weekly to assess the model portfolio holdings and sector weightings and evaluate new investment opportunities.