SWCM's method of selecting securities utilizes a combination of fundamental and technical analysis, using both a top down and bottom up approach. We begin by developing a macro thesis (top down) on the current and future prospects of the U.S. economy and its related markets. This macro thesis employs a valuation approach to the S&P based on yield, growth, and earnings of the index. This top down approach gives us the basis by which we can determine the type of investment strategy employed.

Our micro thesis (bottom up) approach relies on rigorous research from both internal and external sources.We purchase companies within two general themes, growth and value. We seek out the best growth companies with expanding multiples or proven companies at attractive valuations. We purchase securities across all market capitalizations and investment parameters.