• Seeks to invest in mid-cap growth companies by capturing the dynamic and powerful effects of growing businesses through a long-term buy-and-hold strategy.
• Mid-cap companies have historically offered greater growth potential than large-cap stocks, though with higher risk also, and greater liquidity than small-cap stocks.
• The portfolio managers seek to identify companies with stable business models, high operating margins and recurring revenue streams.  Investment ideas that satisfy growth, quality and time parameters are considered for inclusion in the portfolio.

Breeding Tomorrow's Leaders

Mid-cap stocks offer investors an attractive opportunity to add diversification to their portfolio, as well as invest in the breeding ground for tomorrow's large-cap leaders. Mid-cap stocks offer dynamic growth potential as they are more nimble than larger firms, while tending to have longer histories of success than small-cap companies.

Expert Management
Jeff Parker is Lead Manager and William Sandow is Co-Manager of the Fund. They employ a well-defined stock selection process, using both quantitative and qualitative criteria. The Fund seeks to invest in companies in accelerating new businesses that have a lasting competitive advantage for continued growth.

Performance
While past performance is no guarantee of future results, The Fund has had solid results over the long-term. For a complete display of the Fund's standardized returns choose the Performance tab at the top of this page. For more information on the Fund, choose any of the profile features at the top of this page. Or, if you prefer to have literature mailed to you, click on the Literature tab above to complete an order form.

• Define universe-The Fund's universe includes companies with market capitalizations between $1-10 billion, which is then narrowed down to a focus list of select stocks by applying quantitative and qualitative screens.
• Apply quantitative screens-The manager looks for: estimated earnings growth of at least 20-35% per year for the next three years; return on equity of at least 20%; and consistently predictable earnings.
• Apply qualitative screens-The manager looks for: a leadership position within a high-growth industry; visionary management; and a sustainable competitive advantage.
• Make buy decisions-From the focus list, the manager selects the best opportunities to construct a portfolio of up to 100 holdings.
• Sell discipline-A holding is sold because: a better opportunity is uncovered on the focus list; the stock underperforms the benchmark by 15% or more for a significant length of time; or the stock develops a high price-to-earnings ratio.

Mr. Parker is a Managing Director at Oppenheimer Capital. Prior to joining Oppenheimer Capital, he was a portfolio manager at PEA Capital, LLC, an affiliate of Oppenheimer Capital, from 1999-2006. Prior to his tenure at PEA Capital, he was an Assistant Portfolio Manager at Eagle Asset Management. Additionally, he was a Senior Consultant specializing in health care and technology at Andersen Consulting. Mr. Parker is a CFA charterholder. He holds an MBA from Vanderbilt University and a BBA from the University of Miami.

Mr. Sandow is a senior research analyst for Oppenheimer Capital’s Large and Mid Cap Growth strategies, focusing on the health care sector. Prior to joining the firm in 2005, he was a senior health care analyst and portfolio manager at Exis Capital, a multi-strategy hedge fund based in New York. He was also an analyst and co-manager of a health care-focused mutual fund at RCM Capital Management. Mr. Sandow holds an MBA from Indiana University’s Kelley School of Business and a BS in Accounting from Boston College.

New York, NY

Oppenheimer Capital (OCC) provides a broad range of innovative equity investment strategies for both institutional and individual investors. The firm’s disciplined approach to money management is focused on delivering alpha to investors’ portfolios through proprietary, bottom-up research that results in differentiated insights.