Speece Thorson Capital Group, Inc.

founded in 1992, we are a privately held money management firm in minneapolis, specializing in institutional and family asset management. committed principals are co-investors, reflecting their commitment to our investment approach and clients. philosophy we invest in good cultures and good businesses that meet our high standards for "well-managed, financially powerful and attractively priced." focused we focus on a single, time-tested fundamental investment approach: high quality, classical value applied in the mid to small cap sectors of the market. •separate account management is available with a minimum investment of $5 million. •commingled management is available to accredited investors in the form of the speece thorson capital group value fund with a minimum investment of $1 million. adding value our ability to add value over the index is demonstrated by our: •long-term investment horizon •independent research and portfolio management team •disciplined valuation methods •concentr