U.S. Small Cap Equity
Objective

The U.S. Small Cap Equity Strategy seeks to outperform the Russell 2000 Index over a market cycle, while reducing overall volatility.

Investment Strategy
Team
Portfolio Guidelines
Characteristics As Of December 31, 2019
Sector Weights
CharacteristicsStrategyRussell 2000
Strategy Assets ($ Million)87.00-
Number of Holdings1041996
Beta*0.851.00
Standard Deviation* (%)14.0515.71
Market Cap. ($ Billion)0.972.31
Price to Trailing Earnings19.6621.58
Price to Cash Flow12.4713.65
Price to Book1.792.57
Enterprise Value to Sales2.762.93
Debt as % of Assets29.8427.93
Dividend Yield (%)**2.791.43
Return on Equity (%)9.128.79
* Beta & Standard Deviation 36 months
Top 10 HoldingsTickerWeight
ARCHROCK INCAROC1.19%
INGLES MARKETS INC-CLASS AIMKTA1.15%
ITURAN LOCATION AND CONTROLITRN1.14%
STEELCASE INC-CL ASCS1.11%
BIOSPECIFICS TECHNOLOGIESBSTC1.08%
PC CONNECTION INCCNXN1.06%
MEDPACE HOLDINGS INCMEDP1.06%
ALLETE INCALE1.06%
SOUTHWEST GAS HOLDINGS INCSWX1.05%
PNM RESOURCES INCPNM1.05%
Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Risk Statistics
Since Inception (February 01, 2014) Risk StatisticsStrategyRussell 2000
Annualized Return12.58%8.27%
Annualized Standard Deviation12.99%15.78%
Return/Risk0.970.52
Tracking Error6.73%-
R-Squared82.56%-
Alpha5.86%-
Beta0.75-
Total Returns As Of December 31, 2019
Inception Date: February 01, 2014
Small Cap Strategy Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
20192018201720162015
Strategy Gross of Fees22.29%-8.80%10.00%32.12%2.61%
Strategy Net of Fees21.37%-9.44%9.35%31.71%2.61%
Russell 200025.49%-11.03%14.63%21.28%-4.41%

Compliance Statement

Performance numbers for the most recent period are preliminary and subject to change. Returns for periods of less than one year are not annualized. Past performance is not a reliable indicator of future performance and should not be relied upon to make investment decisions.

The benchmark is the Russell 2000® Index. The Russell 2000® Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000® Index, as ranked by market capitalization.

You cannot invest directly in an index.

For a GIPS-compliant composite presentation, see this Fact Sheet:

Fact Sheets
U.S. Small Cap Equity Q4 2019
Commentary
2020 COVID-19 Market Update U.S. Small Cap Commentary
Legal Disclosures Contact © 2020 Summit Global Investments LLC