SAGP targets global companies interested in influencing public policy through lobbying activities in Washington, DC. The fund believes successful corporate lobbying creates beneficial operational and competitive advantages. Using publicly disclosed lobbying data, the adviser assesses a companys lobbying intensity based on lobbying spend and company size. Lobbying intensity determinations are made quarterly and does not consider the lobbied legislation, its success, or the companys traditional financial metrics. Around 100 stocks with the highest lobbying intensity ratings are selected based on the advisers weighting and allocation recommendations. The weighting and allocation recommendations reflect a tactical assessment of risks that tilt towards favorable equity sleeves: large-cap versus small-cap, domestic versus foreign, etc. The fund is actively managed.