For Institutional Investors in the US

US SMID Cap Value

Defensive Small-Mid Cap Value Equities

Overview

ABOUT THIS STRATEGY

As defensive value specialists, we look to invest in high-quality companies with strong management teams, stable balance sheets, and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down market capture.

INVESTMENT APPROACH

Attractive Reward / Risk

Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.

High-Conviction Process

The portfolio will typically hold between 30 to 50 stocks with business fundamentals considered more important than fluctuations in the wider economy.

Different Than the Benchmark

The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.

PORTFOLIO MANAGEMENT

Kevin Preloger

Portfolio Manager, Team Leader

Industry since 1997. Joined Firm in 2002.

Justin Tugman, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2004.

Performance

RETURNS (%) (As of 03/31/2021)
Composite Gross Composite Net Russell 2500™ Value Index
 
3M YTD 1YR 3YR Since Inception
(11/01/2017)
Composite Gross 12.72 12.72 59.43 9.87 9.00
Composite Net 12.49 12.49 58.13 8.95 8.09
Russell 2500™ Value Index 16.83 16.83 87.47 10.88 9.80
RETURNS (%) (As of 04/30/2021)
Composite Gross Composite Net Russell 2500™ Value Index
 
3M YTD 1YR 3YR Since Inception
(11/01/2017)
Composite Gross 18.93 16.95 49.67 10.86 9.93
Composite Net 18.69 16.64 48.45 9.94 9.01
Russell 2500™ Value Index 19.21 21.84 72.68 12.04 10.88
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