INVESTMENT STRATEGIES
Small Company Growth
Jump to a section
Overview
We believe a research-driven investment process focused on identifying quality small-cap companies with differentiated business models and sustainable competitive advantages will drive outperformance against our benchmark and peers over time. We take a moderate approach, seeking to identify companies with large addressable markets that are poised for growth over a multi-year period.
Investment Approach
- Seeks small-cap companies that are differentiated from competitors – differentiated business model, innovative approach or unique products or services – that are using their competitive advantages to grow over a multi-year time frame.
- In-depth fundamental research supported by broad team of analysts and team of small-mid specialists, identifies small-cap companies early in their life cycle.
- Offers potential for capital appreciation through exposure to small and fast growing companies with a focus on resilient business models positioned to weather a variety of market environments.
Unique Business Models
Deep, Specialized Team
Moderate Approach to Growth
Working to be Consistently Good… Not Occasionally Great
SMALL COMPANY GROWTH COMPOSITE OUTPERFORMED THE RUSSELL 2000® GROWTH INDEX 106 OF 120 PERIODS, OR 88% OF THE TIME
ANNUALIZED MONTHLY ROLLING THREE-YEAR RETURNS *
* Returns based on 10-year time frame ending 6/30/19
Portfolio Management
Performance
RETURNS
| Inception: Jan 01, 1993 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Composite Gross | -3.19% | 21.39% | -3.19% | 12.40% | 11.77% | 15.29% | 11.09% |
| Composite Net | -3.40% | 20.64% | -4.01% | 11.46% | 10.83% | 14.34% | 10.06% |
| Russell 2000® Growth Index | -4.17% | 15.34% | -9.63% | 9.79% | 9.08% | 12.25% | 7.55% |
| Inception: Jan 01, 1993 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Composite Gross | -3.19% | 21.39% | -3.19% | 12.40% | 11.77% | 15.29% | 11.09% |
| Composite Net | -3.40% | 20.64% | -4.01% | 11.46% | 10.83% | 14.34% | 10.06% |
| Russell 2000® Growth Index | -4.17% | 15.34% | -9.63% | 9.79% | 9.08% | 12.25% | 7.55% |
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes, if any, and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees and returns will be reduced by such advisory fees and other contractual expenses as described in the individual contract and Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but they do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy shown and may be higher or lower than model advisory fees. Returns for each client will be reduced by such fees and expenses as negotiated in any client contract as discussed in Form ADV Part 2A.
Prior to 2008, net returns shown are net of all fees and expenses.
For a complete list of holdings as of the most recently available disclosure period, contact us.
The gross performance results presented do not reflect the deduction of investment advisory fees and returns will be reduced by such advisory fees and other contractual expenses as described in the individual contract and Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but they do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy shown and may be higher or lower than model advisory fees. Returns for each client will be reduced by such fees and expenses as negotiated in any client contract as discussed in Form ADV Part 2A.
Prior to 2008, net returns shown are net of all fees and expenses.
For a complete list of holdings as of the most recently available disclosure period, contact us.
Commentary & Literature
2Q19 Portfolio Commentary Highlights
- Stocks gained ground in the second quarter, but were volatile.
- The Portfolio outperformed its benchmark during the period.
- We see several potential sources of market volatility on the horizon, but will be opportunistic and seek to use volatility to our advantage.