Equity

Essential Small Cap Value Equity Strategy

The strategy pursues long-term outperformance of the Russell 2000® Value Index by investing in small public companies whose current stock price does not accurately reflect intrinsic value. 

Competitive advantages

Collaboration, not consensus

This stable, seasoned team encourages skepticism and limits group think and input from Wall Street to build a differentiated, alpha-driving portfolio.

Unique approach to stock selection

This team is bottom-up, fundamentals-driven, and true small-cap-value focused. At purchase, companies belong to one or more of four categories: N-O-T-E.

Robust risk control implementation

Risk management is viewed as not just a sequential step, but a vital, all-encompassing aspect of the investment process.

Investment approach

The three essential core alpha drivers are value, quality partner, and contrarian.

Leaving no stone unturned to locate value.

The team practices disciplined adherence to bottom-up fundamental analysis to identify companies whose stock prices do not reflect their true value.

Seeking temporarily discounted, quality companies to drive alpha.

The team buys quality companies that are undervalued due to nonpermanent conditions.

Taking a contrarian approach to uncover underfollowed and unloved small-cap companies.

Investments at purchase exhibit one or more of the following N-O-T-E characteristics: neglected, oversold, thematic, and earnings turnaround.

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Composite performance

Average annual returns

Average annual returns

(as of 3/31/2024)
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Gross)
5.29
6.92
6.92
22.64
6.96
11.70
9.41
13.64
Composite (Net)
5.22
6.70
6.70
21.57
6.01
10.69
8.37
12.64
Benchmark
4.38
2.90
2.90
18.75
2.22
8.17
6.87
10.10

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Calendar year

Calendar year

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
15.37
-12.00
36.58
1.44
21.96
-16.85
11.25
29.27
-4.26
8.02
Benchmark
14.65
-14.48
28.27
4.63
22.39
-12.86
7.84
31.74
-7.47
4.22

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Our team
Meet the investment team

A contrarian philosophy helps clients find value away from the crowd by investigating overlooked and underappreciated securities for alpha-driving opportunities.

View Team
Garth

Garth Nisbet

Head of Essential Value Equity
Contact Us

We look forward to helping you with your investment needs

 

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