Product Attributes
- Typical investment universe includes companies with a market capitalization <$3 billion
- 50-stock portfolio, equal-weighted (2% positions) at purchase
- Sector weights based on bottom-up fundamentals, not index construction
- Aggregate portfolio valuations in line with the Russell 2000 Value Index
Risk Controls
- Maximum individual position size of 3.25%
- Maximum sector weight of 25% (at cost)
- Disciplined sell process as stocks approach their target price
- Formal review for any underperforming holdings
- Ongoing portfolio review process
Decision-Making
- The small cap investment team works on a collaborative basis to construct the portfolio.
