Focused Domestic Equity
SMID Cap Core
Objective
Overview
SMID Cap Core invests primarily in stocks of U.S. companies with at least 80% of its net assets in companies having market capitalizations within the range encompassed by the Russell 2500 Index at time of purchase. The strategy selects stocks based on fundamental research. The team’s research is focused on long-term drivers of an underlying business, including Reason for Being analysis and understanding a company from a customer’s viewpoint. The strategy constructs its portfolio with a combination of Mature (30-50%), Established (30-50%) and Emerging (<25%) businesses. In each investment, we seek promising companies trading at a discount to our calculation of long-term intrinsic value.
Portfolio Managers
Characteristics
Number of Positions: 20-35
Maximum Position Size: 10% at time of purchase
Universe: Primarily U.S. stocks > $100m market cap
Maximum International Exposure: 25%
Maximum Cap Restrictions: At least 80% of the portfolio within market cap range of Russell 2500
Benchmark: Russell 2500
Multi-Cap Core
Objective
Overview
Multi-Cap Core invests primarily in stocks of U.S. companies in all market cap ranges. The strategy selects stocks based on fundamental research. The team’s research is focused on long-term drivers of an underlying business, including Reason for Being analysis and understanding a company from a customer’s viewpoint. The strategy constructs its portfolio with a combination of Mature (30-50%), Established (30-50%) and Emerging (<25%) businesses. In each investment, we seek promising companies trading at a discount to our calculation of long-term intrinsic value.
Portfolio Managers
Characteristics
Number of Positions: 20-35
Maximum Position Size: 10% at time of purchase
Universe: Primarily U.S. stocks > $100m market cap
Maximum International Exposure: 25%
Maximum Cap Restrictions: Primarily stocks > $100m market cap
Benchmark: S&P 500