The Towle Value Fund executes a fundamental, investment discipline that emphasizes the purchase of companies believed to be substantially undervalued relative to their private market worth and normalized earnings power. Our bottom-up selection process strives to identify and invest in out-of-favor companies with significant appreciation potential over the long-term. Paramount to this endeavor is a contrarian and independent viewpoint. No attempt is made to manage against the composition of a benchmark. While our deep value approach may include large capitalization stocks, the search for absolute value usually leads to equities with market capitalizations under $5.0 billion.
The fund looks for well-seasoned companies with strong market positions, identifiable catalysts for earnings improvement, and committed, experienced management teams. The fund focuses on industries such as financial services, manufacturing, distribution, consumer products, transportation, and energy, among others. The fund does not invest in tobacco, liquor, or gaming companies.
For more information on the fund’s investment strategy, please read the prospectus located on the Invest With Us page.