SMid Cap Core

Equity

SMid Cap Core

Focused on investing across the growth/value spectrum

Looking modern office building from below.

Overview

A research-intensive approach is used to build diversified portfolios with stocks in a variety of different industries and sectors
The team seeks to uncover companies that have attractive valuations and should experience solid earnings growth on an intermediate-term basis
The underlying philosophy is to buy businesses rather than just stocks

Characteristics & Performance

Composite Inception	5/31/2004
Strategy AUM	$4.0 Billion as of 3/31/25
Benchmark	Russell 2500TM Index
Holdings Range	Typically 110 – 135
Avg. Position Size	<2.5%
Turnover	40 – 60% under normal market conditions
Active Share	Approximately 90%
Cash	<5%

Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Periods greater than one year are annualized. Please refer to the GIPS presentation, which includes fee information and criteria for composite performance creation.

Available Vehicles

Institutional Separate Account

Collective Investment Trust

US Mutual Fund

Managed Account

Investment Team

Our SMid Cap team includes two portfolio managers and three research professionals. The investment universe is divided by sectors and/or industries, with individual team members having responsibility within their areas of expertise. Portfolio managers and analysts continually discuss the merits and risks of each security, reviewing the fundamental outlook and stock valuation. This interactive process leverages the knowledge and skill of the entire investment team.