The Westwood SMidCap Plus Equity strategy:

  • Is actively managed, utilizing a fundamental bottom-up security selection process.
  • Typically invests in approximately 45-65 companies with attractive valuations.
  • Identifies high quality companies with prospects for future profitability that are significantly stronger than what is reflected in the current stock price.
  • Seeks companies with ample free cash flow and low debt.
  • Controls risk by limiting the target weight of each holding, imposing maximum position sizes, and limiting sector weightings. The beta of the portfolio is typically less than that of the market.

Performance

(As of 3/31/2017)

Inception date QTR YTD 1 yr 3 yr 5 yr Since Inception
SMidCap Plus Gross of Fees 7/1/2010 3.79% 3.79% 15.23% 5.34% 11.49% 14.27%
SMidCap Plus Net of Fees 3.57% 3.57% 14.26% 4.45% 10.66% 13.53%
Russell MidCap Value Index 3.76% 3.76% 19.82% 8.94% 14.07% 15.67%

Investment Team

Westwood believes that team management creates a sense of ownership, accountability and consistency in the investment process. Our SMidCap Plus team is supported by a fundamental research team where analysts have cross capitalization responsibilities in specific sectors.

Within our process, Research Analysts generate investment ideas, while the Portfolio Team is responsible for portfolio construction. Each of our Research Analysts is also on a Portfolio Team, which leads to a very collaborative environment where we fully utilize the expertise of all investment team members.

Portfolio Team

Grant L. Taber, CFA

Senior Portfolio Manager/Research Analyst

Prashant R. Inamdar, CFA

Portfolio Manager/Research Analyst

Thomas C. Lieu, CFA

Portfolio Manager/Research Analyst

Susan J. Schmidt, CFA

Senior Portfolio Manager/Research Analyst


Disclosures

For purposes of compliance with the GIPS standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. and Westwood International Advisors Inc.  Westwood Management Corp. is an SEC registered investment adviser under the Investment Advisers Act of 1940 that provides investment supervisory services, managing equity and fixed income portfolios.  Westwood International Advisors Inc. is a registered portfolio manager with the Ontario Securities Commission and the Autorité des marchés financiers in Quebec that provides investment supervisory services for global and emerging markets equity portfolios.  Westwood Management Corp. and Westwood International Advisors Inc. are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request, as is a complete list and description of the Firm’s composites, by contacting performance@westwoodgroup.com.

 

Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®).  Unless otherwise stated, performance shown is in U.S. Dollars.

 

The SMidCap Plus Composite, previously known as the SMidCap Plus+ Composite, includes all taxable and tax-exempt, fee-paying fully discretionary accounts that are invested primarily in equity securities with an investment universe that generally includes companies within the market cap range of the Russell MidCap Index above $2 billion. There is no minimum portfolio size for inclusion in the SMidCap Plus Composite. Portfolio returns reflect the reinvestment of dividend and interest income. The Russell Midcap Value Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Value Index is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap Value Index represents approximately 27% of the total market capitalization of the Russell 1000 companies. The Russell Midcap Value Index is constructed to provide a comprehensive and unbiased barometer for the mid-cap segment. The Index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap opportunity set. The Russell Midcap Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Value Index companies with lower price-to-book ratios and lower forecasted growth values.