SMid Core Opportunity
Equity Strategies
Large Cap Growth
Mid Cap Growth
SMid Growth
Small Cap Growth
Dividend Growth
Multi-Cap Growth
SMid Core Opportunity
Small Cap Value
highlights
Philosophy
process
Style: Small/Mid Core
Inception: 5/31/2005
Benchmark: Russell 3000 Index
Concentrated: Target Number of Holdings 20-30
Diversification Targets: 15% maximum exposure to a particular industry, 30% maximum exposure to an individual sector
Low Turnover: 25 to 35% annually
No Cash Position Limitation
- There can be major disconnects between a company's bond and stock valuations, and bonds are leading indicators for the corresponding stocks.
- These valuation disconnects exist due to differences between bond and stock analysis metrics.
- This principle is supported both behaviorally (by real market dynamics) as well as mathematically (by theoretical structure models derived from contingent claims analysis).
- We exploit such differences to identify undervalued opportunities for a high conviction stock portfolio.
Investment Policy Committee
John Beaver, CFA Committee Chair
Matt Lagan, CFA
John Fitzgerald, CFA
Brian Guild