Equity

Small Cap Growth Equity Strategy

The strategy pursues long-term outperformance of the Russell 2000 Growth Index by seeking companies that exhibit both robust and sustainable growth.

Targets consistent returns

The portfolio managers pursue a diversified approach, placing emphasis on consistency of returns within a strong risk management framework and centered on a proven sell discipline.

Stable investment team

This is a seasoned investment team—senior portfolio managers have been working together continuously since 2008.

The key decision-makers within the portfolio management team have an average of 24 years of investment experience.

Differentiated track record

Most strategies have investment track records of over 20 years, delivering significant alpha since inception.

Investment approach

The team offers a unique combination of longevity and success.

Intensive, all-cap research focuses on quantifying a company’s true growth rate.

The team follows a bottom-up, multi-step process that draws on a variety of sources.

The team seeks to gauge whether a company’s growth is robust and sustainable.

Their approach focuses on companies with sustainable advantages built around differentiated and innovative products and services.

Underappreciated growth creates opportunities.

Opportunities to invest arise when a gap exists between a company’s future growth rate and the market’s expectations for that growth.

The team offers a unique, proven sell discipline.

Their sell discipline conjoins the investment process with a robust risk management framework, such that share positions are modified whenever the gap between a company’s true earnings power and the market’s expectations narrow, thereby avoiding deteriorating growth before it is captured in the share price.

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Composite performance

Average annual returns

(as of 6/30/2024)

7/1/1994

	1M	3M	YTD	1Y	3Y	5Y	10Y	Inception
Composite (Gross)	1.63	0.22	10.86	6.41	-8.57	6.28	9.34	12.55
Composite (Net)	1.56	0.01	10.42	5.50	-9.39	5.32	8.30	11.48
Benchmark	-0.17	-2.92	4.44	9.14	-4.86	6.17	7.39	7.86

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

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Composite	4.24	-34.40	7.60	57.60	25.01	1.25	25.95	7.54	-2.99	-1.94
Benchmark	18.66	-26.36	2.83	34.63	28.48	-9.31	22.17	11.32	-1.38	5.60

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

The team seeks a style-pure dedication to growth, targeting consistency of returns and focusing on fundamental, bottom-up, all-cap research to identify businesses with sustainable growth.

View Team