Designed to outperform the benchmark over a full market cycle.
Philosophy & Approach
We believe that:
|QTD||YTD||1-Yr Annualized||3-Yrs Annualized||5-Yrs Annualized||10-Yrs Annualized||Since Inception|
|SMidCap Value Strategy Gross of Fees||-3.22||-19.17||-14.79||4.48||5.07||8.50||11.16|
|SMidCap Value Strategy Net of Fees||-3.41||-19.64||-15.44||3.69||4.23||7.64||10.47|
|Russell 2500 Index||-2.82||-24.01||-21.11||5.36||5.45||9.58||8.46|
|Russell 2500 Value Index||-4.50||-20.41||-15.35||4.52||3.78||8.41||8.20|
We have applied the same investment philosophy and core principles since our founding in 1983. Our competitive advantage is centered around our research process and investing where quality and value intersect.
The institutional track record started January 1, 2002. In 2001, Westwood transitioned a midcap core equity strategy to the institutional SMidCap Value strategy. The midcap core portfolio had previously been offered exclusively to private clients of Westwood’s affiliated trust company. The transition of the strategy occurred as a result of the increased demand Westwood observed by institutional investors. January 1, 2002 reflects the inception of the institutional SMidCap Value strategy. The true inception date of the composite is July 1, 1997.
For purposes of compliance with the GIPS standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. (“WMC”) and Westwood Advisors, L.L.C. (“Westwood Advisors”). WMC and Westwood Advisors are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). WMC and Westwood Advisors are both SEC registered investment advisers under the Investment Advisers Act of 1940. WMC provides investment advisory services, primarily managing equity and fixed income portfolios, and Westwood Advisors provides investment advisory services, primarily to individual clients and entities as part of Westwood’s Wealth Management division. Registration does not imply a certain level of skill or training. On February 1, 2018, Westwood redefined the Firm by adding the assets of Westwood Advisors so that all SEC registered investment advisers under WHG would be included in the Firm definition. 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 [email protected].
Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®). Unless otherwise stated, performance shown is in U.S. Dollars.
The SMidCap Value Composite, formerly known as the SMidCap 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 2500 Index. The minimum portfolio size for inclusion in the SMidCap Value Composite is $5 million beginning January 1, 2006. Portfolio returns reflect the reinvestment of dividend and interest income. The Russell 2500 Index is an unmanaged index of the shares of small and mid-sized U.S. companies. The Russell 2500 Index is constructed to provide a comprehensive and unbiased barometer for the small to mid-cap segment and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small to mid-cap opportunity set. The Russell 2500 includes the smallest 2500 securities in the Russell 3000. The Russell 2500 Value contains those Russell 2500 Index companies with lower-price-to-book ratios and lower forecasted growth. The comparative index returns include reinvestment of income but do not include transaction costs or management fees. The Composite name was changed to SMidCap Value on August 18, 2021.