Small Cap Portfolio Strategy
The strategy seeks to provide long-term capital appreciation and income by investing primarily in U.S. companies with market capitalizations ranging from $50 million to $3 billion, and which managers believe are undervalued in the market place at the time of purchase.
Management Approach: Team
Benchmark: Russell 2000 Value
Assets Under Management: $2.5B*
Strategy Inception: 1998
Effective April 20, 2012, the Small Cap Value Equity Strategy closed to new investors.
*As of 12/31/16
|Typical Portfolio Attributes|
|Market Cap Range||$50 million to $3 billion at time of purchase|
|Number of Holdings||80 - 100|
|Position Sizes||1 - 5%|
|Maximum Sector Weightings Relative to the Benchmark||No Formal Restrictions|
|Portfolio Turnover Range||50 - 75%|
|Cash Levels||< 5%|
|Portfolio Manager||Brett Barner|
Data subject to change.
Annualized Performance (%); for period ending 12/31/16
|Ceredex Small Cap Value Composite Gross||6.6||30.6||30.6||8.8||15.8||10.0|
|Ceredex Small Cap Value Composite Net||6.3||29.3||29.3||7.7||14.7||9.0|
|Russell 2000 Value Index||14.1||31.7||31.7||8.3||15.1||6.3|
|eA Small Cap Value Median||12.1||26.7||26.7||8.4||15.8||8.4|
|# of Observations||241||241||241||232||216||177|
Dividends reflect past performance and there is no guarantee they will continue to be paid.
Values have been rounded to the nearest tenth.
Source for all data Factset.
Past performance is not indicative of future results. There is no guarantee a specific investment strategy will be successful.
Portfolio attributes, characteristics, sector weightings and holdings exclude cash and may change at any time without notice.
eVestment Alliance (eA) is a manager-reported database on hundreds of investment managers and thousands of investment products covering a full range of asset classes, investment styles and geographic concentrations. Based on manager input, eA independently constructs universes using qualitative and quantitative factors. The investment products are organized into peer groups and assessed on an ongoing basis to ensure the consistency of a product's attributes within a designated style classification. In addition, eA utilizes style analysis tools, performance analytics, and the review of a product's investment strategy narrative in the construction of wide-ranging universes that are both pure in style and consistent over time.
The eVestment Number of Portfolios represents the number of investment products included in the calculation of the median return for the given eVestment universe for the given time period. Individual investment managers may have more than one investment product included in the universe, so the number of observations will likely be greater than the actual number of investment managers represented.
Inception date: 1/1/98.
eVestment Alliance data capture date: 1/20/17.
Russell 2000 Value Index is an unmanaged index which is composed of the securities in the Russell 2000 Index with a less-than-average growth orientation. Companies in this index generally have low price-to-book and price-to-earnings ratios.
Investors cannot invest directly in an index.
Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.
This presentation is solely for SUPPLEMENTAL INFORMATION purposes, intended for institutional investors and may not be provided unless accompanied or preceded by the fully compliant GIPS Composite Presentation. View the complete Global Investments Standards (GIPS) disclosure.
The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account's portfolio at the time you receive this report or that securities sold have not been repurchased. The securities discussed do not represent an account's entire portfolio and in the aggregate may represent only a small percentage of an account's portfolio holdings.
It should not be assumed that any of the securities transactions or holdings discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein.
See glossary for investment terms.