Value Equity
Small Mid Cap Value Strategy
The Small Mid Cap Value Strategy objective is to outperform the Russell 2500® Value Index over the long-term while producing lower risk scores than the benchmark.
Strategy Overview
- Bottom-up portfolio construction
- Buy and sell decisions driven by disciplined focus on key investment criteria
- Multi-year investment horizon
- Adequate diversification with sufficient concentration
- Benchmark risk control
Investment Philosophy
Our goal for this strategy is to outperform the Russell 2500® Value Index with less risk over a full market cycle. Three key criteria guide our portfolio decisions — value, quality and potential for fundamental improvement — and we have designed our investment process to ensure that each of these is properly assessed and always at the forefront of our thinking about potential new investments as well as existing holdings.
Key Facts (as of 12.31.2024)
| Strategy Inception | April 1, 2014 |
| Benchmark | Russell 2500® Value Index |
| Investment Vehicles | Separate Account CIT |
| Range of Holdings | 50-70 |
| Max Position Size | 4% |
| Total Net Assets | $78M |
| Annualized Turnover | 40.1% |
| Active Share | 96.0% |
| Weighted Average Market Cap |
$10.5B |
The Russell 2500® Value Index measures the performance of the small to mid-cap value segment of the US equity universe.
London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. Russell® is a trademark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor, or endorse the content of this communication.
Small Mid Cap Value Investment Team
Risk Considerations: Investing in small and mid-sized companies is based on the premise that relatively small companies will increase their earnings and grow into larger, more valuable companies. However, as with all equity investing, there is the risk that a company will not achieve its expected earnings results, or that an unexpected change in the market or within the company will occur, both of which may adversely affect investment results. Historically, small- and mid-cap stocks have experienced greater volatility than other equity asset classes, and they may be less liquid than larger-cap stocks. Thus, relative to larger, more liquid stocks, investing in small- and mid-cap stocks involves potentially greater volatility and risk. The biggest risk of equity investing is that returns can fluctuate and investors can lose money.