HomeStrategiesSmall-Mid Cap Growth

INVESTMENT STRATEGIES

Small-Mid Cap Growth

Jump to a section

View Institutional Mutual Fund

Overview

We believe a fundamentally driven investment process, focused on identifying smaller-cap companies with differentiated business models and sustainable competitive advantages, will drive outperformance relative to our benchmark and peers over time. Identifying small-cap companies with the potential to grow into the mid-cap space allows us the flexibility to hold our positions and capture a longer growth period in a company’s life cycle.

Investment Approach

    Unique Business Models

  1. Seeks small-cap companies that stand out from competitors – through differentiated business models, innovative approaches or unique products or services – that are using their competitive advantages to grow over a multi-year time frame.

    2. Deep, Specialized Team

  2. In-depth fundamental research supported by analysts and small-mid cap specialists who look for small-cap companies early in their life cycle that have the potential to grow into mid-sized companies.

    3. Moderate Approach to Growth

  3. The portfolio offers the potential for capital appreciation through exposure to small companies having the potential to quickly grow into mid-size companies with a focus on resilient business models positioned to weather a variety of market environments.

Working to be Consistently Good… Not Occasionally Great

SMALL-MID CAP GROWTH COMPOSITE OUTPERFORMED THE RUSSELL 2500™ GROWTH INDEX 120 of 120 PERIODS, OR 100% OF THE TIME

ANNUALIZED MONTHLY ROLLING THREE-YEAR RETURNS *


* Returns based on 10-year time frame ending 6/30/2019.

Portfolio Management

Jonathan Coleman, CFA

Portfolio Manager

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Featured Insights

Performance

RETURNS

(As of 09/30/2019)
(As of 09/30/2019)
Inception: Mar 01, 2005 3M YTD 1YR 3YR 5YR 10YR Since Inception
Composite Gross -2.95% 22.19% -1.71% 14.84% 13.47% 16.26% 13.76%
Composite Net -3.16% 21.44% -2.54% 13.88% 12.52% 15.31% 12.76%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 9.51%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 8.51%
Inception: Mar 01, 2005 3M YTD 1YR 3YR 5YR 10YR Since Inception
Composite Gross -2.95% 22.19% -1.71% 14.84% 13.47% 16.26% 13.76%
Composite Net -3.16% 21.44% -2.54% 13.88% 12.52% 15.31% 12.76%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 9.51%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 8.51%
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.

Commentary & Literature

2Q19 Portfolio Commentary Highlights

  • Stocks gained ground in the second quarter, but were volatile.
  • The Portfolio outperformed its benchmarks 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.

Read The Full Commentary

Literature