The manager seeks to identify and invest in quality Australian listed securities that have the potential for capital growth and increased earning potential. The model will invest in a concentrated portfolio of 15-40 companies that are listed on the Australian Securities Exchange (ASX), excluding the largest 20 securities in the S&P/ASX 300 Accumulation Index. Companies will be selected using fundamental research and an emphasis on first-hand company visits. If a security held in the portfolio moves into the S&P/ASX 20 Index, it will be sold within 12 months.