Equity

Special International Small Company Equity Strategy

The strategy aims to deliver long-term capital appreciation by investing primarily in small-cap companies with above-average capital appreciation potential and below-average risk.

Competitive advantages

CPA-based investment process

Through disciplined execution of its unique process, the team seeks to consistently outperform benchmarks and peers while maintaining a low-risk profile.

Rigorous bottom-up research

The bottom-up research process focuses on companies with durable competitive advantages, free-cash-flow generation, and balance sheet flexibility.

Disciplined valuation

The team appraises company reward/risk profiles, investing where this ratio is most favorable and not necessarily where upside is the greatest.

Composite performance

Average annual returns

Average annual returns

(as of 9/30/2024)
5/1/2012
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Gross)
1.59
9.55
9.78
21.99
-1.05
8.03
7.87
8.43
Composite (Net)
1.51
9.30
9.04
20.89
-1.97
7.02
6.83
7.38
Benchmark
2.71
10.45
11.53
23.36
0.05
6.85
5.99
6.89

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
Composite
12.32
-21.44
17.43
10.93
22.15
-12.20
30.79
7.31
5.44
-7.47
Benchmark
12.62
-20.59
11.14
12.78
25.41
-18.07
31.03
4.32
5.46
-5.35

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 follows a fundamental approach of identifying companies with competitive advantages, sustainable free cash flow, and flexible balance sheets, helping deliver long-term capital appreciation.

Key risks

Market risk: Security markets are volatile and may decline significantly in response to adverse issuer, regulatory, political, or economic developments with different sectors of the market and different security types reacting differently to such developments.

Equity securities risk: Equity securities fluctuate in value and price in response to factors specific to the issuer of the security, such as management performance, financial condition, and market demand for the issuer's products or services, as well as factors unrelated to the fundamental condition of the issuer, including general market, economic, and political conditions.

Small-cap securities risk: If a strategy invests in the securities of smaller-capitalization companies, these securities tend to be more volatile and less liquid than those of larger companies.

Foreign securities risk: If a strategy invests in the securities of non-U.S. issuers, these investments may be subject to lower liquidity, greater price volatility, and risks related to adverse political, regulatory, market, or economic developments and may be affected by changes in foreign currency exchange rates.

Investors should know that this strategy deployed may be subject to additional investment risks. For important information about the investment manager, please refer to Form ADV Part 2.

Contact Us

We look forward to helping you with your investment needs