INVESTMENT PHILOSOPHY.

At Mok Capital, we seek to maximize investment returns by buying stock in growing businesses and industries at value pricing, taking advantage of volatility in markets and issues. In most cases we also look for underlying momentum in the issue. We are disciplined investors, and seek to buy low and sell high, exiting a stock when it exceeds our perceived valuation, or when other opportunities offer significantly greater potential. We may, in special circumstances, also purchase issues that are not growing businesses, but which exhibit particularly strong potential for appreciation.

In taxable accounts we also seek, where practical, to hold shares so our clients obtain long-term capital gains and minimize tax liability. We attempt to reduce risks by diversifying by issue, sector and industry, geography, and other key characteristics. However, we do overweight industries, sectors and countries that we believe have superior return potential. Based in the heart of Silicon Valley, we are always looking for transformational new technologies with long-term growth potential.

For larger accounts, we may use other strategies to reduce risk and/or enhance income. For larger and more aggressive accounts, as appropriate, we may act more opportunistically, using short sales and more speculative purchases, in line with a client's desires.

For more balanced or income-oriented accounts, we generally seek to maximize returns by mixing conservative, dividend-bearing stocks, and other issues with opportunity for gains, with more traditional fixed-income investments. We are particularly mindful of the effects of inflation and increases in interest rates on income accounts.