Investment Management Wealth Management Contact Login High Conviction Investing “It is a mistake to think one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.” — John Maynard Keynes* KAR follows a different approach to investing than the typical investment manager. Given our high-quality focus and in-depth fundamental research, we build high conviction investment portfolios of 25 to 50 securities. The traditional approach, which focuses on short-term price movements and quarter-end earnings results, is to build portfolios of 75 to 100 securities to diversify market risk and minimize the impact of individual holdings. Our approach, which evaluates long-term earnings power and the sustainability of returns, identifies up to 50 of the highest quality companies that maintain competitive protections and have little individual business risk. Our goal is to find the best businesses to mitigate risk rather than owning the most businesses in an attempt to diversify away from risk. *Founder of Keynesian economics and modern macroeconomic theory Our High Conviction Investing Approach KayneCast: Inflation & Disruption Market Review | KayneCast 162 CRS Relationship Summary Form ADV 2A Privacy Policy Cookies Policy Proxy Policy Social Media Policy ERISA 408(b)(2) Disclosure Terms of Use © 2021 Kayne Anderson Rudnick 1800 Avenue of the Stars Los Angeles, CA 90067 Website by Loyal

Investment Management Wealth Management Contact Login Insights Filter by Type All Topic All Period All Apply Market Review Market Briefing: October 2021 November 8, 2021 KayneCast Bounce Off the Bottom Starts to Even Out By Richard Sherry, CFA Senior Portfolio Manager & Senior Research Analyst November 2, 2021 KayneCast A Decline in Unbridled Enthusiasm Is Not a Bad Thing By Craig Thrasher, CFA Portfolio Manager & Senior Research Analyst November 2, 2021 KayneCast The COVID/Quality Roller Coaster By Chris Wright, CFA Portfolio Manager & Senior Research Analyst November 2, 2021 KayneCast Fundamentals Making a Comeback By Jon Christensen, CFA Portfolio Manager & Senior Research Analyst November 2, 2021 KayneCast Lower-Quality Bias Losing Ground to Focus on Fundamentals By Jon Christensen, CFA Portfolio Manager & Senior Research Analyst November 2, 2021 Listen Julie Biel - Market Analysis with Bloomberg Daybreak Asia October 28, 2021 KayneCast Over Time, Fundamentals Break Through the Noise By Chris Armbruster, CFA Portfolio Manager & Senior Research Analyst October 27, 2021 Video Concerns Around the Labor Participation Rate October 21, 2021 .cls-1{fill:#ff7a47;}Trazado 643 of 8 .cls-1{fill:#ff7a47;}Asset 4 CRS Relationship Summary Form ADV 2A Privacy Policy Cookies Policy Proxy Policy Social Media Policy ERISA 408(b)(2) Disclosure Terms of Use © 2021 Kayne Anderson Rudnick 1800 Avenue of the Stars Los Angeles, CA 90067 Website by Loyal