Many companies we favor are inching toward an inflection point, hinting at better days ahead.
The second quarter showed that even in a market fueled by speculation, old fashioned 'boots on the ground' fundamental research can outperform.
In a challenging quarter for small-caps, green shoots seem to be sprouting up-if you know where to look.
Numerous factors support ignoring the headlines and focusing on valuations and catalysts that can unlock value.
Small caps have already experienced a series of downturns, creating greater opportunities in this space.
This looks like a classic value investor's market, requiring a focus on prices paid and patience.
With conventional wisdom convinced of a Goldilocks scenario, investors would be wise to get back to investing basics.
While it’s impossible to ignore today’s speculative environment, it’s imperative to stay true to one’s principles and process.
Even after small value stepped out of the shadows of giant tech stocks in the quarter, they seem historically cheap relative to large caps.
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In addition to stocks of large companies, the Funds invest in small- and mid-sized companies that are generally less liquid and more volatile than large companies. The Mid Cap Value and Value Plus Funds invest in a smaller number of stocks (generally 40 to 60 and 40 to 70, respectively) than the average mutual fund. The performance of these holdings generally will increase the volatility of the Funds’ returns.
Value investments are subject to the risk that their intrinsic value may not be recognized by the broad market.
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