Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class I N I NAV | as of 09/18/2024 $13.53 -$0.06 (-0.44%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 1,083 Large Growth funds as of 08/31/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 06/28/1996 to 08/31/2024 = $126,369.59 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read Important Investment Disclosures Objective The Fund seeks to provide long-term capital appreciation. Why Consider The Fund may be appropriate for investors looking to gain exposure to large-cap companies with strong growth and quality characteristics Focused portfolio of 25 to 40 companies Documents Fact Sheet Commentary Summary Prospectus Prospectus 2023 Distributions View All Documents Investment Style Montrusco Bolton Large Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Montrusco Bolton Large Cap Growth Fund is categorized as Large-Growth. It invests in large-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 08/31/2024 Overall Rating (of 1,083) 3 Years (of 1,083) 5 Years (of 1,012) 10 Years (of 796) Category Large Growth Read Important Investment Disclosures Jean David Meloche, CFA HEAD OF GLOBAL EQUITIES AND PORTFOLIO MANAGER Jean David Meloche is managing U.S. and global equities for Montrusco Bolton Investments Inc. He joined Montrusco Bolton in January 2005 as an equity analyst. Jean David holds a bachelor's of business administration specialized in finance from HEC Montréal and the Chartered Financial Analyst designation (CFA®). Robert Hiscock, BEng, MA, CFA PORTFOLIO MANAGER, EAFE EQUITIES Robert Hiscock is Portfolio Manager, EAFE Equities at Montrusco Bolton Investments Inc. He joined Montrusco Bolton in 2015 as an analyst. Previously Robert worked as a senior analyst modeling credit risk at National Bank of Canada and as an economic consultant for Analysis Group. In addition to earning a bachelor's in engineering physics from Queen’s University, he has a master's in economics from McGill University and holds the Chartered Financial Analyst designation (CFA®). Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 0.79% Net Expense Ratio: 0.73% Expense Cap Expiration Date: 03/01/2025 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 14, 2023 $0.450300 $0.052700 $0.113600 $0.284000 Dec 15, 2022 $1.018800 $0.025500 — $0.993300 Dec 15, 2021 $3.785300 — $1.731200 $2.054100 Mar 24, 2021 $7.003900 — $0.063200 $6.940700 Dec 16, 2020 $3.541600 — — $3.541600 Dec 16, 2019 $1.695900 — — $1.695900 Dec 27, 2018 $3.921700 $0.026500 $0.450300 $3.444900 Dec 27, 2017 $1.959400 $0.019700 — $1.939700 Dec 27, 2016 $2.087000 $0.132600 — $1.954400 Dec 30, 2015 $6.910100 $0.156900 — $6.753200 Dec 30, 2014 $5.182000 $0.179300 $0.203300 $4.799400 Dec 30, 2013 $2.198900 $0.235700 $0.050000 $1.913200 Dec 28, 2012 $1.988000 $0.281500 $0.063700 $1.642800 Dec 29, 2011 $2.072100 $0.191000 — $1.881100 Dec 29, 2010 $0.227200 $0.186500 — $0.040700 Dec 29, 2009 $0.117300 $0.117300 — — Dec 29, 2008 $0.708000 $0.110900 — $0.597100 Dec 14, 2007 $4.098100 $0.072200 $0.556300 $3.469600 Sep 14, 2007 $0.048400 $0.048400 — — Mar 16, 2007 $0.036300 $0.036300 — — Dec 15, 2006 $0.225813 $0.050800 — $0.175013 Sep 15, 2006 $0.026200 $0.026200 — — Jun 16, 2006 $0.021800 $0.021800 — — Mar 10, 2006 $0.030000 $0.030000 — — Dec 16, 2005 $0.075100 $0.075100 — — Sep 16, 2005 $0.013800 $0.013800 — — Jun 10, 2005 $0.025000 $0.025000 — — Mar 11, 2005 $0.020000 $0.020000 — — Dec 17, 2004 $0.051000 $0.051000 — — Sep 10, 2004 $0.025000 $0.025000 — — Jun 14, 2004 $0.020000 $0.020000 — — Mar 12, 2004 $0.022600 $0.022600 — — Dec 19, 2003 $0.035800 $0.035800 — — Sep 12, 2003 $0.034700 $0.034700 — — Jun 13, 2003 $0.040100 $0.040100 — — Mar 14, 2003 $0.029600 $0.029600 — — Dec 20, 2002 $0.060400 $0.060400 — — Sep 13, 2002 $0.040000 $0.040000 — — Jun 14, 2002 $0.035000 $0.035000 — — Dec 21, 2001 $0.073200 $0.073200 — — Sep 20, 2001 $0.070000 $0.070000 — — Dec 15, 2000 $4.084300 $0.004400 — $4.079900 Dec 10, 1999 $1.651300 — — $1.651300 Dec 11, 1998 $0.935900 — — $0.935900 Dec 12, 1997 $0.211800 — — $0.211800 Jun 13, 1997 $0.002500 $0.002500 — — Mar 14, 1997 $0.001700 $0.001700 — — Dec 13, 1996 $0.136800 — — $0.136800 Sep 13, 1996 $0.016200 $0.016200 — — From: To: Risk & Return Statistics As of: 08/31/2024 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -1.08 -0.79 -0.94 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 19.59 19.43 15.77 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.09 0.66 0.69 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 86.10 87.30 72.56 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 96.19 98.15 97.37 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.93 0.95 0.92 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 94.48 95.23 94.15 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 4.84 4.37 4.03 View All Characteristics & Statistics All Characteristics & Statistics Montrusco Bolton Large Cap Growth Fund (MCGIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund S&P 500® Growth Index Fund Assets (Mil.$) $222 Number of Holdings 25 231 Weighted Avg. Market Cap (Mil.$) $1,349,356 $1,616,035 Median Market Cap (Mil.$) $75,667 $47,978 Weighted Avg. P/E (1-yr Forward EPS) 28.59 30.68 Weighted Avg. P/E (Trailing EPS) 33.13 36.33 PEG Ratio 1.85 1.66 Weighted Avg. P/B 9.89 10.79 EPS Growth (Trailing 3-yr %) 19.74% 19.56% EPS Growth (Trailing 5-yr %) 20.23% 21.27% Forward EPS Growth (1-yr %) 12.25% 14.65% Forward EPS Growth (Long Term %) 13.06% 15.25% Revenue Growth (Trailing 5-yr %) 13.59% 14.38% Return on Equity 37.63% 39.71% Weighted Avg. Dividend Yield 0.70% 0.58% Debt to Equity 69.68 73.79 SEC 30-Day Yield (%) 0.06% SEC 30-Day Yield (%) w/o fee 0.00% Trailing 12-Months Portfolio Turnover 80.99% As of: 06/30/2024 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -1.08 -0.79 -0.94 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 19.59 19.43 15.77 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.09 0.66 0.69 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 86.10 87.30 72.56 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 96.19 98.15 97.37 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.93 0.95 0.92 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 94.48 95.23 94.15 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 4.84 4.37 4.03 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -0.33 -0.41 -0.55 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 1.94 13.52 11.78 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -30.02 -30.02 -30.02 As of: 08/31/2024 Market Cap Fund S&P 500® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.00% Market Cap ($mm) 1,000 - 1,500 0.00% 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% 0.00% Market Cap ($mm) 2,500 - 5,000 0.00% 0.00% Market Cap ($mm) 5,000 - 10,000 3.66% 0.14% Market Cap ($mm) 10,000 - 25,000 7.28% 2.13% Market Cap ($mm) 25,000 - 50,000 13.79% 5.41% Market Cap ($mm) 50,000 - 100,000 5.63% 8.08% Market Cap ($mm) 100,000 - 200,000 11.92% 10.94% Market Cap ($mm) 200,000 - 57.72% 73.29% Market Cap – NA 0.00% 0.00% As of: 06/30/2024 Valuation Characteristics Fund S&P 500® Growth Index P/E 0-10 1.60% 1.07% P/E 10-15 1.28% 1.49% P/E 15-20 1.31% 2.18% P/E 20-25 8.90% 4.62% P/E 25-Above 86.91% 90.30% P/E – NA 0.00% 0.33% As of: 06/30/2024 Growth Characteristics Fund S&P 500® Growth Index EPS Growth (Trailing 3-yr %) - Negative 23.38% 18.22% EPS Growth (Trailing 3-yr %) 0 - 5 0.00% 2.54% EPS Growth (Trailing 3-yr %) 5 - 10 10.66% 7.15% EPS Growth (Trailing 3-yr %) 10 - 15 22.97% 26.94% EPS Growth (Trailing 3-yr %) 15 - 20 12.54% 13.73% EPS Growth (Trailing 3-yr %) Above 20 25.45% 29.15% EPS Growth (Trailing 3-yr %) - NA 5.00% 2.28% As of: 06/30/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2024 Apple Inc 9.62% Microsoft Corp 9.61% Alphabet Inc, Class A 9.49% NVIDIA Corp 9.22% Adobe Inc 7.91% Workday Inc, Class A 4.95% Texas Instruments Inc 4.77% Amazon.com Inc 4.67% Meta Platforms Inc, Class A 4.39% Amgen Inc 3.64% % in Top 10 Holdings 68.27% View Holding Details Holding Details Montrusco Bolton Large Cap Growth Fund (MCGIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2024 Apple Inc 9.62% Microsoft Corp 9.61% Alphabet Inc, Class A 9.49% NVIDIA Corp 9.22% Adobe Inc 7.91% Workday Inc, Class A 4.95% Texas Instruments Inc 4.77% Amazon.com Inc 4.67% Meta Platforms Inc, Class A 4.39% Amgen Inc 3.64% % in Top 10 Holdings 68.27% As of: 06/30/2024 Download All Holdings (PDF) As of: 08/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund AAPL Apple Inc Information Technology S US USD 90,564 229.00 $20,739,156 9.51% ADBE Adobe Inc Information Technology S US USD 35,591 574.41 $20,443,826 9.37% MSFT Microsoft Corp Information Technology S US USD 47,502 417.14 $19,814,984 9.08% NVDA NVIDIA Corp Information Technology S US USD 160,720 119.37 $19,185,146 8.80% GOOGL Alphabet Inc, Class A Communication Services S US USD 106,574 163.38 $17,412,060 7.98% TXN Texas Instruments Inc Information Technology S US USD 50,512 214.34 $10,826,742 4.96% WDAY Workday Inc, Class A Information Technology S US USD 37,406 263.19 $9,844,885 4.51% META Meta Platforms Inc, Class A Communication Services S US USD 18,192 521.31 $9,483,672 4.35% AMZN Amazon.com Inc Consumer Discretionary S US USD 49,275 178.50 $8,795,588 4.03% AMGN Amgen Inc Health Care S US USD 25,841 333.83 $8,626,501 3.95% ROL Rollins Inc Industrials S US USD 162,509 50.18 $8,154,702 3.74% ENPH Enphase Energy Inc Information Technology S US USD 61,129 121.04 $7,399,054 3.39% MA MasterCard Inc, Class A Financials S US USD 14,255 483.34 $6,890,012 3.16% LULU Lululemon Athletica Inc Consumer Discretionary S CA USD 24,102 259.47 $6,253,746 2.87% SYY Sysco Corp Consumer Staples S US USD 77,908 77.97 $6,074,487 2.78% WCN Waste Connections Inc Industrials S US USD 29,516 186.50 $5,504,734 2.52% BKNG Booking Holdings Inc Consumer Discretionary S US USD 1,394 3,909.23 $5,449,467 2.50% MMC Marsh & McLennan Cos Inc Financials S US USD 21,929 227.51 $4,989,067 2.29% DHR Danaher Corp Health Care S US USD 16,803 269.31 $4,525,216 2.07% CMG Chipotle Mexican Grill Inc, Class A Consumer Discretionary S US USD 60,211 56.08 $3,376,633 1.55% SHW Sherwin-Williams Co Materials S US USD 7,681 369.37 $2,837,131 1.30% GRMN Garmin Ltd Consumer Discretionary S CH USD 15,084 183.29 $2,764,746 1.27% VLO Valero Energy Corp Energy S US USD 18,838 146.73 $2,764,100 1.27% PSA Public Storage Real Estate S US USD 7,692 343.72 $2,643,894 1.21% MTD Mettler-Toledo International Inc Health Care S US USD 1,813 1,439.08 $2,609,052 1.20% Cash & Equivalents Cash C US USD - - $710,152 0.33% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return NVIDIA Corp 1 9.44% 36.73% Apple Inc 2 9.31% 22.94% Alphabet Inc, Class A 3 9.20% 20.78% Adobe Inc 4 7.15% 10.10% Microsoft Corp 5 9.64% 6.37% Texas Instruments Inc 6 4.54% 12.22% Amgen Inc 7 3.53% 10.44% Amazon.com Inc 8 4.75% 7.13% Rollins Inc 9 3.72% 5.68% Meta Platforms Inc, Class A 10 4.28% 3.91% As of: 06/30/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Five Below Inc 20 3.99% -39.92% Lululemon Athletica Inc 19 3.90% -23.54% Workday Inc, Class A 18 4.37% -18.03% Enphase Energy Inc 17 3.04% -17.58% Charles River Laboratories International Inc 16 1.25% -21.59% Lamb Weston Holdings Inc 15 1.23% -20.84% MasterCard Inc, Class A 14 2.34% -8.30% Sherwin-Williams Co 13 1.34% -13.94% Sysco Corp 12 1.39% -11.66% Valero Energy Corp 11 1.67% -7.71% As of: 06/30/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Equity) As of: 06/30/2024 View Allocation Details Allocation Details Montrusco Bolton Large Cap Growth Fund (MCGIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund S&P 500® Growth Index Information Technology 48.53% 50.20% Communication Services 13.89% 12.94% Consumer Discretionary 11.83% 13.46% Health Care 7.04% 7.01% Industrials 6.05% 5.73% Financials 5.05% 4.75% Consumer Staples 2.56% 2.52% Energy 1.58% 1.37% Materials 1.24% 1.17% Cash & Other 1.14% 0.00% Real Estate 1.09% 0.65% Utilities 0.00% 0.21% As of: 06/30/2024 Investment Allocation 06/30/2024 Stocks 98.86% Bonds 0.00% Cash and Other 1.14% As of: 06/30/2024 Industry Fund S&P 500® Growth Index Software 22.46% 18.71% Semiconductors & Semiconductor Equipment 16.44% 18.30% Interactive Media & Services 13.89% 11.63% Technology Hardware, Storage & Peripherals 9.62% 11.72% Commercial Services & Supplies 6.05% 0.55% Broadline Retail 4.67% 6.71% Biotechnology 3.64% 0.97% Specialty Retail 3.62% 1.37% Textiles, Apparel & Luxury Goods 3.54% 0.39% Life Sciences Tools & Services 3.40% 0.52% % in Top 10 Industries 87.33% 70.87% As of: 06/30/2024 Read Important Investment Disclosures About the Affiliate About Montrusco Bolton Investments Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. Their team of investment professionals still share the same entrepreneurial spirit that drives the way they serve their institutional clients globally. Learn More About Montrusco Bolton's Approach FOUNDED 1946 AMG AFFILIATE SINCE 2005 HEADQUARTERS Montreal, Canada Portfolio Managers Jean David Meloche, CFA HEAD OF GLOBAL EQUITIES AND PORTFOLIO MANAGER Read full bio Robert Hiscock, BEng, MA, CFA PORTFOLIO MANAGER, EAFE EQUITIES Read full bio Investment Approach Investment Approach Montrusco Bolton Large Cap Growth Fund Montrusco Bolton selects stocks for the portfolio utilizing their quality growth approach to fundamental, bottom-up company analysis. ESG factors are incorporated into the investment process through three elements: risk reduction through exclusions; investing in companies with high sustainability scores under Montrusco Bolton’s scoring system; and exerting influence over company management through active engagement. The Fund is a concentrated portfolio of high-conviction companies, combined with an emphasis on mitigating risk from sectoral deviations, unnecessary volatility, or unpredictible macro sensitivities. Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS