TMFS

TMFS follows a bottom-up, actively-managed style-box strategy. Using the Russell 2000 as a guide for stock selection (but not as a performance benchmark), the funds manager looks for companies with strong market positions, manageable leverage, and robust free cash flow. The research process considers management, culture, and incentives, economics of the business, competitive advantage, and durability of competitive advantage. The fund is fully invested at all times and does not try to time the market. MFMS general holds at least 30 securities, and exposure to any one industry is capped at 25%.