Funds for Non-US Investors
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Investing in
Corporate Change

We believe that companies undergoing some form of dramatic “corporate change” have the potential for significant transformation in financial performance and how the company is perceived and valued by the market.

MID-CAP EQUITY

Strategy: Private Business Value/Mid-Cap Equity (open to new investors)
Inception Year: 1991
Strategy AUM: $11,472.9 million (as of 6/30/17)
Portfolio Managers: Sturgis Woodberry, Todd Raker

Our Private Business Value/Mid-Cap Equity strategy seeks to provide long-term capital appreciation by investing primarily in US companies in the medium-to-large market capitalization segment. These companies generally have a capitalization at the time of review and/or purchase of $1-10 billion. The portfolio managers oversee equity research and stock selection, as well as determine portfolio construction. All portfolios are managed in line with a model portfolio with the following characteristics:

  • 40-60 securities are typically held
  • no one security exceeds 5% of the portfolio
  • portfolios are expected to be fully invested

Annualized Returns

as of 6/30/17

  Mid-Cap
Value Equity
Gross
Mid-Cap
Value Equity
Net
Russell
Midcap
Index
Russell
Midcap Value
Index
S&P
500
Index
YTD 13.57 13.19 7.99 5.18 9.34
1 Year 21.45 20.63 16.48 15.93 17.90
3 Years 5.75 5.04 7.69 7.45 9.60
5 Years 17.07 16.28 14.71 15.13 14.62
7 Years 17.58 16.76 15.27 15.28 15.40
10 Years 10.22 9.44 7.66 7.23 7.18
Since Inception 15.75 14.98 12.23 12.77 10.07

Inception Date: 12/31/1990

Refer to Performance Disclosure. Past performance is not indicative of future results.