Missouri Valley Partners believes that stocks purchased at the most reasonable price relative to future earnings, cash flow and dividends provide the best opportunity for future appreciation with the least amount of risk. MVP believes internally generated research is the best source of unbiased industry and company fundamentals.

Missouri Valley Partners investment process is driven by internal research generated by its industry specialized analysts. The initial universe from which analysts make stock selections consists of large cap stocks $2 billion and above. The analysts closely follow approximately 350+/- of the most attractive and marketable companies to construct earnings models. Each analyst has direct contact with the companies and also seeks information from their customers, suppliers and competitors.

Using a bottom-up stock selection process, MVP's large cap core style ranks each stock on four valuation criteria: 1) the stock's projected total return over a one year period; 2) the stock's projected total return over a three year period; 3) relative price-to-cash flow; and 4) relative P/E to EPS growth rate. Stocks are ranked by decile (1-10) and stocks that fall in the upper 4 deciles are considered buy candidates. Stocks ranking in the lower 4 deciles are considered sale candidates. Sale consideration could arise from a negative change in the analyst's outlook for the company, the price objective being met, or a negative earnings surprise. Based on MVP's internal ranking process, analysts recommend buy and sell ideas to the firm's Equity Selection Committee. Once a decision is made, portfolio managers implement these buys and sells into all fully discretionary portfolios. This large cap core process will typically result in a blend of value stocks and reasonably priced growth stocks.