Kopp Investment Advisors believes that Quality will provide an investment advantage. It is critical to the success of a large corporation that a focus on quality permeate the entire organization. Kopp Investment Advisors evaluates the companies in the S&P 500 Index based on their successful use of Quality as they strive to gain a competitive edge.

The successful implementation of quality-based management techniques is likely to create a superior long-term investment opportunity. Companies that use these techniques–generally known as Total Quality Management, or TQM–may have the potential to generate significant positive fundamental surprises.

The Total Quality Management strategy starts with the S&P 500 Index. The companies are fundamentally evaluated to determine the depth and effectiveness of their commitment to Quality. Companies are evaluated against their peers using factors to indicate product quality, customer focus, management strength and financial performance. TQM Core 40 accounts hold approximately 35–40 stocks selected from a cross section of S&P500 economic sectors.

Additional information about the TQM strategy is disclosed in our Form ADV.

Kopp Investment Advisors 8400 Normandale Lake Boulevard Suite 1450 Bloomington, MN 55437 Tel: 952.841.0400 / 800.333.9128