The Small-Mid (SMID) Cap Value Strategy utilizes a fundamentally driven research process to identify attractive purchase candidates from a universe of small and mid capitalization stocks.  The Strategy invests in well-managed, financially strong companies that are trading at a meaningful discount to our assessed Absolute Value.  The Strategy further targets companies with predictable, sustainable business models and are undiscovered or under-followed by traditional Wall Street research firms.  The stock selection process is complemented by a risk averse approach that employs both balanced diversification and a structured sell discipline.

Small-Mid Cap Value Q1 2012 Fact Sheet