Our Quantitative Philosophy and Process
 Institutional Style Asset Management

Our Large Cap Value Portfolio seeks to provide total return by investing in blue chip companies which we believe are undervalued. Our value portfolios invest in a broad base of large capitalized companies with the following criteria:

• Market capitalizations greater than $3 Billion
• Consistent earnings and/or dividend histories
• Companies with attractive valuations
• Maximum holdings of 30-60 Stocks

Berkshire Advisors deploys our proprietary quantitative analysis with a focus on, but not limited to the following quantitative factors:

• Absolute Price to Earnings
• Absolute Price to Book
• Earning consistency
• Dividend payout ratios
• Revenue growth
• Momentum factors
• Price Trends

Our institutional philosophy commits us to style consistency, a focused strategy, emotionless execution, and style drift avoidance. We believe that our quantitative process helps us identify opportunities more quickly, therefore eliminating emotion from buy/sell decisions; hence ensuring an efficient and reliable process during changes in market conditions.