The investment process emphasizes high-quality companies that take advantage of business trends, demonstrate competitive strength, and have attractive returns on incremental invested capital. We believe that a concentrated portfolio of companies that exhibit dominant business franchise, strong long-term growth characteristics, and the ability capitalize on secular trends will provide consistent, superior performance over time.
Characteristics (versus S&P 500):
- Historic Higher P/E Ratios
- Historic Higher Earnings Growth Rate
- Historic Lower Long-term Debt / Capital
Characteristics: We seek companies with above average profitability, return on invested capital, growth potential, market position, balance sheet and management.
Price: We look for businesses whose securities are selling at a significant discount to our estimation of their intrinsic value.
Value Drivers: Our investments must have improving fundamentals, a specific catalyst, or a clear strategic plan to unlock value.
Sierra Investment Partners, Inc. chose Pioneer Investment Management, Inc., as its exclusive sub-advisor to offer Concentrated Growth Equity products to the Taft-Hartley marketplace. Pioneer Institutional Asset Management, Inc. was founded in 1928, is a U.S. corporation based in Boston and a Registered Investment Advisor.