Investment Approach

• Invest in small-capitalization stocks with an emphasis on stocks with a market capitalization that is within or below the range of companies in the Russell 2000 Index. The strategy is the broadest product offering to focus on the small-cap value space.
• Employ a long-term focused, contrarian bottom-up approach.
• Rely on fundamentally driven, valuation conscious research to identify companies that are under-appreciated by the market.
• Broadly diversify holdings to manage portfolio risk profile.
• Employ a low turnover and patient trading strategy to promote full value realization.