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AGF U.S. Small-Mid Cap Growth Equity Strategy

AGF U.S. Small-Mid Cap Growth Equity Strategy

Approach

Fundamental, bottom up.

Cap

Small-Mid Cap

Benchmark

S&P MidCap 400 Index

Inception Date

June 1993

Resources

AGF U.S. Small-Mid Cap Growth Equity Fact Sheet AGF U.S. Small-Mid Cap Growth Equity Strategy Commentary

1Distinct Investment Philosophy

Concentrated, high-conviction approach to investing in leading companies throughout changing market cycles.

2Focus on Innovation and Market Leaders

Ability to invest in all sectors that exhibit market leadership and innovation resulting in a portfolio of “best ideas” that is differentiated from the broad market.

3Experienced Team

Track record of managing growth-oriented strategies through a variety of market environments.

Overview

Philosophy

The team's objective is to capture leading growth companies in every investment cycle. Every stock the team holds is a buy each day, or it is sold. The team uses an opportunistic bottom-up approach with front-end quantitative screens that seek to identify high-quality, small-mid cap U.S. growth companies that aim to successfully generate sustainable above-average growth for revenues, earnings and cash flow.

Investment Process

Our investment process employs a fundamental, bottom-up and macro-consideration approach. Our universe contains 1,900+ U.S. companies with market capitalizations greater than US$500 million. First, quantitative screens narrow the investible universe to 350+ stocks. Next, qualitative screens continue to narrow the investible universe to 200+ stocks. A catalyst identification further reduces the universe to 100+ companies, singling out potential purchase candidates.

In order to determine the optimal growth candidates, in-depth analysis and due diligence is performed for each company. This step confirms that these companies exhibit the potential for sustained growth as well as continued innovation in their products and services.

The resulting portfolio consists of 25-40 companies that exhibit strong growth characteristics. The typical range for position weights is 1-8%. There will be representation in at least 8 of the 11 GICS sectors comprising the U.S. equity market, as represented by the S&P MidCap 400 Index.

Our team's utilization of a bottom-up investment process results in a high conviction portfolio of 25 - 40 stocks that exhibit above-average growth characteristics

Investment Process

U.S. Universe

Market cap greater than US$ 500 million
1,900+ stocks

1. Quantitative Screens
- Revenue growth
- Earnings growth
- Positive revisions
- Rising cash flow
- 350+ stocks
2. Fundamental Analysis
- New products or services
- R&D productivity
- Macro developments
- Corporate announcements
- 200+ stocks
3. Purchase Candidate List
- Attractive valuation
- Relative strength
- 100+ stocks

Portfolio

Market leaders
High conviction
Innovation
Thematic beneficiaries
25 - 40 stocks

Auritro Kundu, MBA

Portfolio Manager

AGF Investments

Mike Archibald, CFA, CMT, CAIA

Portfolio Manager

AGF Investments

Vishal Bané, MSc Green Economy, CA (India), CFA

Portfolio Manager

AGF Investments

Analysts

Investment Team

Auritro Kundu, MBA

Portfolio Manager

Auritro Kundu serves as a portfolio manager of AGF Investments' U.S., Global and Canadian Growth Equity strategies. A staunch believer that innovation can be found in every industry, his investment philosophy is rooted in identifying innovative companies who boast strong earnings growth, free cash flow and return on equity.

Auritro joined AGF Investments in 2015 and previously served as an Analyst responsible for fundamental research and analysis of the Information Technology and Consumer Discretionary sectors. Prior to joining AGF Investments, he was an Equity Research Associate Analyst at National Bank Financial, where he was responsible for coverage of Canadian Information Technology equipment companies. Prior to that, he worked at Rogers Communications in corporate development and at Research in Motion in product management.

Auritro has a Bachelor of Applied Science degree in Electrical Engineering from the University of Toronto and earned an MBA from the Rotman School of Management at the University of Toronto.

Mike Archibald, CFA, CMT, CAIA

Portfolio Manager

Mike Archibald serves as a portfolio manager of AGF Investments' U.S., Global and Canadian Growth Equity strategies. He uses a bottom-up investment approach that leverages quantitative, fundamental and technical inputs to identify companies with strong earnings growth and momentum, high-quality management and solid free cash flow.

Mike joined AGF Investments as an Associate Portfolio Manager in 2015, focusing on research, analysis and selection of North American equities. Before joining AGF Investments, Mike was a Portfolio Manager with Aurion Capital Management Inc. where he was responsible for research, security selection and portfolio management of equity investments for pension plan clients. Prior to that, he was with Computerized Portfolio Management Services (CPMS), an equity research firm providing fundamental and quantitative investment data to institutional and retail money managers.

Mike holds an Honours Bachelor of Business Administration degree from Wilfrid Laurier University and is also a CFA®, CMT and CAIA charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Vishal Bané, MSc Green Economy, CA (India), CFA

Portfolio Manager

LLB (hons), CIM

Multi-Asset Portfolio Specialist

AGF Investments

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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About the Organization

AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three distinct business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

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AGF U.S. Small-Mid Cap Growth Equity Strategy

Approach

Fundamental, bottom up.

Cap

Small-Mid Cap

Benchmark

S&P MidCap 400 Index

Inception Date

June 1993

Resources

Key Reasons to Invest

1Distinct Investment Philosophy

2Focus on Innovation and Market Leaders

3Experienced Team

Overview

Philosophy

Investment Process

Investment Process

Investment Team

Abhishek Ashok

M.A., MFE, CFA

Rasib Bhanji

MBA, CFA

Ling Han

M.Sc., MBA, CFA

Grace Huang

MBA, CFA

Marko Kais

CFA

John Kratochwil

MBA, P.Eng.

Henry Kwok

MBA

Renato Monzon

MBA

Aria Samarzadeh

MFin, CFA

Pulkit Sabharwal

MBA

Wyeth Wright

CFA

Lillian Zhang

MBA, CFA

Wai Tong

MBA, P.Eng., CFA

Izabela Siwoski Uliana

LLB (hons), CIM

AGF US Website Agreement

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Terms and Conditions

About the Organization

Limitation of Liability

Availability of Products and Services