Small Cap Opportunity

Philosophy | Process | Performance

Philosophy

Size is Crucial

Focus on the smaller side of the Russell 2000 Universe

The average market capitalization of the portfolio is approximately $600 million
Morningstar data shows that small cap funds with lower market caps outperform their peers

Neglected Stocks Outperform

Investment potential is greatest where research coverage is minimal

Our median holding is covered by 3 analysts and has only 60% institutional ownership
Lehavy & Sloan's research (2005) demonstrates a clear 'neglected stock' effect

Fundamental Research

Forward-looking research generates superior investment results

Fundamental analysis on each company results in a bottom-up approach to stock selection
We analyze factors that can move a stock 'out of the shadows' and into view of Wall Street

Experienced Portfolio Management Team

Brent Jesko has 17 years of investment experience managing mid cap and small cap portfolios

The small cap product is an extension of our mid cap expertise and investment philosophy

Performance Incentive Plan
Aligns managers' and clients' interests to reward long-term, consistent performance (benchmarked verses the Russell 2000 Index)