Author: Ticker Magazine
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Last Update: 11:49 AM ET July 15 2008

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Malcolm Polley		"We call ourselves business perspective investors. Some people might say that we are value managers. What that means to us is when we are buying a stock, we think of it as a piece of a business and understand what the business is worth as a going concern."
		Stewart Capital Mid Cap Fund

Stewart Capital invests in people before investing in businesses. Fund manager Malcolm Polley looks for companies run by experienced, talented management teams. Unlike many equity funds, the Fund focuses on a relatively small number of intensively researched companies priced at a discount to the present values of their future cash flows. It is the Fund's policy not to concentrate its investments in any one industry or group of related industries.