Objective and strategy
PROVX seeks long-term growth of capital. As a concentrated, non-diversified, bottom-up, multi-cap core growth equity fund, it aims to exceed the S&P 500 Index over full investment cycles, which are typically five to seven calendar years in length and contain both a 30% advance and a 20% decline.
The managers generally prefer to invest in large and medium capitalization stocks (namely, companies with at least $2 billion in market cap) but may also invest a portion in small capitalization companies.
Provident has the Continue reading →