Head Office: Toronto, Ontario 
Total Assets Under Management: C$13.2 billion
Portfolio Managers: 8
Investment Style: Bottom-up value

Investment Philosophy and Approach:

Foyston, Gordon & Payne (FGP) takes a long-term, bottom-up, value-oriented approach to investing based on detailed, proprietary fundamental research and analysis.

The firm’s investment process begins with a working list of securities, with each security given a quality grading that is assigned independent of price. The grading system takes into account company financials, profitability, balance sheet strength, industry and management characteristics and liquidity. A stock is selected for the portfolio when its price is well below FGP’s assessment of the company’s intrinsic value. Risk control and portfolio diversification is provided by FGP’s stock grading system. Stocks that are graded one (highest) to five (lowest) are eligible for inclusion in the portfolio.