Small Cap Growth

  • Overview

    Overview

    Eagle Asset Management's Small Cap Growth program employs a rigorous bottom-up stock selection technique designed to capitalize on Small-size companies with accelerating earnings growth.

    Investment Process

    Points of Differentiation:

    Culture of Investment Excellence
    • Passionate, experienced and cohesive team
    • Performance-based meritocracy
    • Team members embrace investment process
    • Quarterly internal stock-picking contest

    Invest in Companies with Accelerating Earnings Growth
    • Apply proprietary screens and fundamental research to identify companies that will see a step-change in their earnings growth rate and then have a bias to stick with winners

    Intense Focus on Proactive Risk Management
    • Continuously gather industry data to support/challenge investment thesis (monthly updates)
    • Monitor relative strength to identify potential problems
    • No significant sector over-/underweights relative to the benchmark
    • Be mindful of valuation at purchase

    Strive for a Long-term Track Record of Consistent Outperformance

    New Document

    Portfolio Characteristics

    Typical Market Capitalization

    Within the market cap range
    of the Russell 2000 Growth® Index
    at the time of purchase.

    Benchmark

    Russell 2000 Growth® Index

    Account Minimum

    $100,000

    Typical Turnover

    30%-60%

    Typical Number of Holdings

    Up to 150


    Index Definition
    Indices are unmanaged, and one cannot invest directly in an index.

    The Russell 2000 Growth® Index represents a segment of the Russell 2000® Index with a greater-than-average growth orientation. Whereas the Russell 1000® Index style indices (growth and value) are categorized as being either entirely value or growth, the Russell 2000® style indices use a probability methodology that places many securities in both styles. As a result, a company’s available market capitalization can be split between value and growth in proportion to its respective probabilities. With this methodology, the combined market capitalization of the Russell 2000 Growth® and Russell 2000 Value® Indices will add up to the total market cap of the Russell 2000® Index.

    Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.

  • Investment Team

    The Eagle Small Cap Growth team also manages the Eagle Mid Cap Growth portfolio. Contact us for information about available investment vehicles.

    Small Cap Growth Investment Team

    Bert Boksen

    Bert L. Boksen, CFA

    Managing Director, Portolio Manager

    41 Years Of Industry Experience

    23 Years With Eagle Asset Management

    Eric Mintz

    Eric Mintz, CFA

    Portfolio co-Manager

    23 Years Of Industry Experience

    13 Years With Eagle Asset Management

    Chris Sassouni

    Christopher Sassouni, D.M.D.

    Portfolio co-Manager - Healthcare

    28 Years of Industry Experience

    15 Years With Eagle Asset Management

    Adam Gallina

    Adam Gallina, CFA

    Senior Research Analyst

    18 Years Of Industry Experience

    12 Years With Eagle Asset Management

    Andrew Adebonojo

    Andrew Adebonojo, CFA

    Senior Research Analyst

    26 Years Of Industry Experience

    8 Years With Eagle Asset Management

    David Cavanaugh

    David Cavanaugh

    Senior Research Analyst

    22 Years Of Industry Experience

    2 Years With Eagle Asset Management

    Tariq A Siddiqi

    Tariq A Siddiqi, CFA

    Senior Research Analyst

    15 Years Of Industry Experience

    7 Years With Eagle Asset Management

    Bryan Batassa

    Bryan Batassa

    Portfolio Analyst

    11 Years Of Industry Experience

    8 Years With Eagle Asset Management

    Clay Lindsey

    Clay Lindsey, CFA

    Senior Vice President, Client Portfolio Manager

    18 Years of Industry Experience

    18 Years With Company

  • Performance

    Performance1 as of September 30, 2018

        Current
    Quarter
    Year
    to Date
    One
    Year
    Three
    Year
    Five
    Year
    10
    Year
    Since Inception
    (Jan. 1, 1994)

    Eagle Small Cap Growth

    Gross

    7.38%

    14.87%

    21.68%

    17.94%

    11.80%

    13.41%

    12.67%

    Eagle Small Cap Growth

    Net

    7.09%

    14.01%

    20.45%

    16.68%

    10.58%

    12.10%

    11.02%

    Russell 2000 Growth® Index

     

    5.53%

    15.77%

    21.08%

    17.98%

    12.14%

    12.65%

    8.07%


    Compounded, Annualized Rates of Return Net of Fees as of September 30, 2018

    Year Percentage $100,000 Compounded

    1

    20.45%

    $120,447

    3

    16.68%

    $158,859

    5

    10.58%

    $165,352

    10

    12.10%

    $313,395

    Since Inception (Jan. 1, 1994)

    11.02%

    $1,331,056


    Risk Information
    The risks associated with investing in small-sized companies are based on the premise that relatively small companies will increase their earnings and grow into larger, more valuable companies. However, as with all equity investing, there is the risk that a company will not achieve its expected earnings results, or that an unexpected change in the market or within the company will occur, both of which may adversely affect investment results. Historically, small- and mid-cap stocks have experienced greater volatility than other equity asset classes, and they may be less liquid than large-cap stocks. Thus, relative to larger, more liquid stocks, investing in small- and mid-cap stocks involves potentially greater volatility and risk. The biggest risk of equity investing is that returns can fluctuate and investors can lose money.

    Not every investment opportunity will meet all of the stringent investment criteria mentioned to the same degree. Trade-offs must be made, which is where experience and judgment play a key role. Accounts are invested at the discretion of the portfolio manager and may take up to 60 days to become fully invested.

    Disclosures
    (1)The definition of the accounts included in the Small Cap Growth Composite is as follows:
    The Small Cap Growth Equity Composite is designed to provide maximum long-term capital appreciation for investors willing to accept potentially more volatility than found in a typical large capitalization equity portfolio. The Portfolio Manager believes that small capitalization stocks offer potential long-term capital appreciation that is achieved through (1) identifying competitive small capitalization companies that are growing rapidly and (2) purchasing their stock before they become widely followed.

    Past performance does not guarantee or indicate future results. No inference should be drawn by present or prospective clients that managed accounts will achieve similar performance in the future. Investment in a portfolio, investment manager or security should not be based on past performance alone. Because accounts are individually managed, returns for separate accounts may be higher or lower than the average performance stated. Individual portfolio/performance results may vary due to market conditions, trading costs and certain other factors, which may be unique to each account. There is no guarantee that these investment strategies will work under all market conditions, and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Investing in equities may result in a loss of capital. Investing involves risk and you may incur a profit or a loss. Investment returns and principal value will fluctuate so that an investor’s portfolio, when redeemed, may be worth more or less than their original cost. Diversification does not ensure a profit or guarantee against a loss.

    The calculation of the performance data includes reinvestment of all income and gains and is depicted on a time-weighted and size-weighted average for the entire period. Calculations include reinvestment of all income and gains. Gross performance presented is "pure gross" and is shown before deduction of any fees. Net returns have been reduced by the entire bundled/wrap fee. The bundled/wrap fee will typically include trading, investment management, portfolio monitoring and other administrative fees charged by the sponsor. Eagle's fees are set forth in Eagle's ADV, Part II. Over a period of five years, an advisory fee of 1% could reduce the total value of a client's portfolio by 5% or more.

    Eagle Asset Management, Inc. ("Eagle") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS Standards. Eagle has been independently verified for the periods from January 1, 1982 to December 31, 2017. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The verification and performance examination reports are available upon request.

    Eagle Asset Management, Inc. is an investment adviser registered with the Securities and Exchange Commission and is engaged in providing discretionary management services to client accounts. The benchmark is the Russell 2000® Growth Index, which has been derived from published sources and has not been examined by independent accountants. The composite creation date for GIPS purposes was Jan. 1, 2001.

    Currency: all monetary amounts displayed on this website are in U.S. dollars.

    To obtain a compliant presentation and/or the firm's list of composite descriptions, please contact Eagle Asset Management at 1.800.237.3101.

    Index Definition
    Indices are unmanaged, and one cannot invest directly in an index.

    The Russell 2000 Growth® Index represents a segment of the Russell 2000® Index with a greater-than-average growth orientation. Whereas the Russell 1000® Index style indices (growth and value) are categorized as being either entirely value or growth, the Russell 2000® style indices use a probability methodology that places many securities in both styles. As a result, a company’s available market capitalization can be split between value and growth in proportion to its respective probabilities. With this methodology, the combined market capitalization of the Russell 2000 Growth® and Russell 2000 Value® Indices will add up to the total market cap of the Russell 2000® Index.

    Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.

  • Literature

    Documents available for download


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