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: 15 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