Research process is identifies thematic views (Areas of Interest) which are categories where we identify structural growth. Individual companies are assessed and included / excluded from the investment universe based on five qualitative criteria (includes ESG considerations). Companies that pass these tests to be included in the universe are then required to be assessed on our quantitaive measures, where we look for earnings upside/downside, price multiple upside / downside and catalysts in order to be included in the portfolio.