We’re never surprised to see several “growth” exposures in prospective client portfolios we review. Naturally, Growth sounds so much more interesting than Value. But these names, which we’ll define shortly, can be deceiving. In fact, the return series for Growth-oriented portfolios generally are not as attractive as those built to emphasize less-expensive stocks. What might seem a more fashionable label often ultimately isn’t so functional when it comes to meeting long-term financial goals. Function is our sole focus when building investment solutions.