Fund Currently Managed
Evergreen Emerging Growth/A (EKAAX), since January 1998.
Investment Style Overview
Looks for growing companies with market caps of $1 billion to $9 billion that have strong competitive positions and expanding top and bottom lines. Seeks to buy stocks at discount to company’s estimated actual value. Typically holds between 65-75 securities.
Key Stock Selection Criteria
*Company growing at double the rate of gross domestic product.
*Above-average returns on invested capital.
*Strong competitive position.
Key Sell Criteria
*Company’s financial fundamentals erode.
*Finds better investment.
Gary Craven is a managing director and portfolio manager with Evergreen Investment Management Co., his employer since 1996. He was previously a vice president and portfolio manager with Invista Capital Management for nine years. Craven holds a BA in business administration from the University of Iowa, and is a Chartered Financial Analyst.