Foreign Equity: Alta Capital Management, LLC

Alta Capital Management LLC* is focused exclusively on managing concentrated, quality growth US equity strategies. A guiding principle over its four-decade history has been the belief that companies demonstrating high free cash flow growth yield superior investment returns with nominal risk over full market cycles. The investment team believes that discipline and patience are essential for investment success. The core tenets of their process are:

• Earnings expectations drive stock prices
• Earnings quality is assessed through free cash flow
• A company’s true value is not consistently recognized by the markets