Small Cap Value

Long Term Composite Performance (%) Average Annual Total Returns for periods greater than one year

As of 03/31/2024
Gross of Fees5.775.7723.1113.4713.949.6412.37
Net of Fees5.625.6222.4112.8313.298.9711.56
Russell 2000 Value Index2.902.9018.752.228.176.8710.35

Calendar Year Performance

As of 03/31/2024

Net of fee performance in the “Long Term Composite Performance” chart is preliminary through the latest time period.  Past performance is not a reliable indicator or a guarantee of future results.

Calendar year performance for the Small Cap Value strategy, including index performance, and other important disclosures are included in the strategy’s GIPS Report. The value disciplines used in managing the accounts in the Composite may prevent or limit investment in major stocks in the index and returns may not be correlated to the index. It is not possible to invest directly in an index. The GIPS Report should be reviewed as part of the performance information presented above.

Valuations and returns are stated in U.S. dollars.  Investment returns include reinvestment of dividends, interest, and capital gains. Gross performance results are presented before management and custodial fees but after all trading expenses. Net performance results are presented after actual management fees and all trading expenses but before custodial fees. An account’s size, timing of transactions, and market conditions at the time of investment may lead to different performance results among accounts.

All investments contain risk and may lose value. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies. Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.

Index definitions