We see opportunity differently

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TSW's disciplined investment process is designed to identify opportunity where mispricing results from indifference, low expectations and sometimes even outright disdain. Our focus is on buying businesses at a discount to their intrinsic value and using a diversified portfolio of differentiated ideas intended to drive superior returns.

TSW embraces a probabilistic approach to risk. We work to understand the probabilities associated with a range of outcomes in an uncertain world. Return potential is best when uncertainty about outcomes creates a gap between market price and intrinsic value. We believe certainty is an expensive illusion, and the popular path is littered with disappointments.

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TSW Small/Mid (SMID) Cap Value

Asset Class / Style U.S. Equity / Value
Vehicles Available Separate Account
Sponsored (SMA/UMA)
Collective Trust
Product Factsheet TSW SMID Cap Value Factsheet
Product Commentary Click Here to Request Quarterly Commentary
Disclosures GIPS® Disclosure - SMID Cap Value
Annualized Performance: Total Return
4Q23 1 Year 3 Years 5 Years 7 Years 10 Years
TSW Small/Mid (SMID) Cap Value (gross) 6.96 12.27 9.03 10.84 6.76 7.35
TSW Small/Mid (SMID) Cap Value (net) 6.78 11.53 8.31 10.10 6.02 6.58
Russell 2500™ Value Index 13.76 15.98 8.81 10.79 7.08 7.42

Benchmark: Russell 2500™ Value Index.  Benchmark Source: Russell Investments. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.

Periods less than one year are not annualized. Performance represents the SMID Value composite.  Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth.  Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures and index description can be found here.

Please see Risk Disclosures for important information.