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The Torray Fund Seeks to Build Investor Wealth Over Extended Periods.

We Believe In

  • building concentrated portfolios

  • applying a thoughtful approach to risk management

  • maintaining a long-term perspective

We Are

  • disciplined and experienced

  • investors with a value orientation

  • focused on growth in the underlying business value

Investment Team

Shawn M. Hendon, CFA
President, Partner, Portfolio Manager

Mr. Hendon is President of Torray Investment Partners, a Partner and co-Portfolio Manager for the Torray Fund and Value Strategy, and a Research Analyst for the Equity Income Strategy. He began his investment career in 1976. He previously served as co-manager of the Torray Fund (2008-12), before establishing Harewood Partners LLC (2012). Prior to 2008, he was co-founder and Partner of Rockledge Partners, and Managing Director and Portfolio Manager for Lockheed Martin Investment Management Company. Mr. Hendon received a BA degree from Georgetown University (1973), an MBA from George Washington University (1976) and holds the designation of Chartered Financial Analyst.

Jeffrey D. Lent
Portfolio Manager, Partner

Mr. Lent is a Partner and Co-Portfolio Manager of the Torray Fund, the Torray Large Cap Value strategy, and the Torray Growth strategies. He is also the Portfolio Manager for the Torray Equity Income strategy. He began his investment career in 1987 with Kemper Mutual Funds in Chicago. Prior to joining Torray in 2010, he was an analyst and portfolio manager with Resolute Capital Management, and a Vice President with Tucker Anthony Inc. where he formed the Corporate Services Group. Mr. Lent received a BS from the University of New Hampshire in 1987.

Brian R. Zaczynski, CFA
Senior Research Analyst, Partner

Mr. Zaczynski began his investment career in 2006. Before joining Torray in 2016, he was an analyst and trader for TAMRO Capital Partners where he focused on two long-only, domestic-focused equity strategies with firm AUM reaching over $2B. Prior to TAMRO, he worked at U.S. Bancorp as a Structured Finance Analyst. He holds the Chartered Financial Analyst designation. He received a BSBA in Finance from Suffolk University in 2006.

Jason B. Seeb, CFA
Research Analyst

Mr. Seeb joined Torray in 2023 as a Research Analyst working across investment strategies. Previously, he was an analyst at Narwhal Capital Management where he covered public equities and private investments. Mr. Seeb received a BA from Vanderbilt University in 2020. He holds the Chartered Financial Analyst designation.

Our Story

In 1972, Robert Torray founded Torray Investment Partners as a value-oriented investment firm to serve the needs of institutions and their pension fund participants. Throughout the subsequent decades and multiple market cycles, our commitment to the foundational principles that drive our risk-managed approach to concentrated equity investing has never wavered. We remain 100 percent independent, owned, and operated by the people responsible for the management of client capital, which helps ensure our efforts are aligned with the long-term objectives of our shareholders.

Fund Strategy

  • We evaluate businesses and stocks with a value orientation and qualitative judgment based on experience rather than top-down forecasting.

  • We strive to invest only when valuations are modest relative to earnings and cash flow, and when our conviction in the long-term prospects for the underlying business is high.

  • We tune out short-term noise and focus on the evidence and insights underpinning our conviction.

Learn More

To invest in the Torray Fund, complete the following steps:

The minimum initial purchase is $2,000 for a regular account and $2,000 for an IRA account.

The Fund cannot accept third-party checks, starter checks or checks drawn on banks outside the United States. Wires are acceptable. The investor must contact Shareholder Services before investing and all funds must be received by 4:00 p.m. eastern time to receive the NAV of that day. If you would like to receive the forms by mail, please call 855.753.8174.

1.

Read the Prospectus

2.

If you are opening an IRA account, you must also read:

3.

Complete and submit the appropriate application for the type of account you would like to open.

Send it with your check made payable to the Torray Fund:

Regular Mail

The Torray Fund
c/o U.S. Bank Global Fund Services
P.O. Box 701
Milwaukee, WI 53201-0701

Overnight or Express Mail

The Torray Fund
c/o U.S. Bank Global Fund Services
615 E. Michigan St., FL3
Milwaukee, WI 53202-5207

The minimum initial purchase is $2,000 for a regular account and $2,000 for an IRA account.

The Fund cannot accept third-party checks, starter checks or checks drawn on banks outside the United States. Wires are acceptable. The investor must contact Shareholder Services before investing and all funds must be received by 4:00 p.m. eastern time to receive the NAV of that day. If you would like to receive the forms by mail, please call 855.753.8174.