Small Cap Value

Key Investment Tenets

Strategy Highlights

  • Strong competitive position in a stable, expanding industry
  • Opportunity for an increase in revenue and earnings growth
  • Better relative earnings, free cash flow, and earnings growth
  • Established profit margins
  • Management focused on core business and aligned with stakeholders’ interests
  • Prudent use of debt and leverage

Style: Small Cap Value

 

Inception: 11/1/2010

 

Benchmark: Russell 2000 Value Index

 

Concentrated: Target Number of Holdings 70-120

 

Diversification Targets: Sector and Industry neutral to the benchmark (+/- 5%) and looks to add value through bottom-up, fundamental security selection

 

Low Turnover: 25 to 60% annually

 

Fully Invested: Average cash allocation of 1 to 5%

  • Evaluate relative to history, peers, and economic conditions

Investment Policy Committee

Jeffrey Kerrigan, CFA  Committee Chair

E. Martine Elie, CFA

John Beaver, CFA

 

key documents

Small Cap Value Strategy Card

Small Cap Value Commentary

Congress Asset Management

2 Seaport Lane, 5th Floor

Boston, MA 02210

617.428.4300