Cary Street Murals
Carytown; Richmond, VA
Cary Street Murals
Carytown; Richmond, VA
The SMID Cap Value team seeks to provide a return that outperforms the Russell 2500™ Value Index, net of our management fee, over a full market cycle.
TSW’s SMID Cap Value strategy applies a bottom-up, fundamental approach to investing. We seek stocks having a combination of three characteristics: mispriced shares relative to our estimate of intrinsic value, identifiable catalysts for positive change and upside potential that meaningfully exceeds downside risk over an 18 to 36-month time horizon.
TSW employs a disciplined investment process—applied and refined over decades—designed to identify attractive securities and to build portfolios to meet our clients’ objectives. Process, not herd instincts or emotion, drives every
Repeatability: a tenured team executing a consistently applied process
A tenured team with over a decade of averaged experience working together
A time-tested approach
June 30, 2024
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell 2500™ Value Index. The Russell 2500™ Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). 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 can be found here.
Please see Risk Disclosures for important information.
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell 2500™ Value Index. The Russell 2500™ Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). 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 can be found here.
Please see Risk Disclosures for important information.
June 30, 2024
June 30, 2024
Benchmark: Russell 2500™ Value Index. Source: FactSet, Russell Investments (July 2024). Sector weights are run on a single account in the SMID Cap Value composite and, due to rounding, may not add up to 100.0%.
Benchmark: Russell 2500™ Value Index. Source: FactSet, Russell Investments (July 2024). Characteristics are run on a single account in the SMID Cap Value composite and are subject to change. Turnover reflects one-year annualized data.
Data as of 06/30/2024