Small Cap Value

highlights

Philosophy

process

 

Style:  Small Cap Value

Inception: 10/31/2010

Benchmark: Russell 2000 Value Index

Target Number of Holdings:  70 to 110

Diversification Targets: Sector and Industry weightings +/- 5% relative to the Benchmark

Turnover: 25 to 60% annually

Fully Invested: Average cash allocation of 1 to 5%

 

 

 

 

  • Small capitalization equity markets are inefficient. This provides the opportunity to utilize a fundamental research approach to identify superior companies trading at a discount to intrinsic value.
  •  In the context of value investing, we feel it is important to delineate between less innovative and more innovative sectors and industries.
  •  We focus on opportunities with the greatest upside potential, emphasizing a combination of both classic valuation and relative valuation/earnings power.
  •  We seek to neutralize relative benchmark risk to isolate stock selection as the primary source of alpha, mitigating the difficulty of consistently predicting market, sector, and industry direction while delivering high active share.

Investment Policy Committee

 

Jeff Kerrigan, CFA Committee Chair

Martine Elie, CFA

John Beaver, CFA

 

 

Key documents

Small Cap Value Strategy Card

Congress Asset Management

2 Seaport Lane, 5th Floor

Boston, MA 02210

617.428.4300

Privacy Policy

© Congress Asset Management Company 2020