Small Cap Growth Strategy
Investment Objective
The Investment objective of the Shaker Investments Small Cap Growth strategy is to consistently outperform the U.S. small cap growth index while maintaining an equivalent level of risk.
Investment Strategy
After identifying industries with accelerated growth, stocks are chosen based on criteria Shaker Investments has identified as key characteristics to sustainable growth.
The Portfolio is comprised of small capitalization companies that, at the time of purchase, are within the market capitalization of the US Small Cap Growth Index. The strategy typically holds a concentrated portfolio of 40-50 securities with the potential to grow revenue and earnings faster than peers over a three to five year horizon and beyond.
Portfolio Characteristics
As of 12/31/2024
Morningstar Rating™
As of September 30, 2024
Returns are annualized and net of 1% annual management fee and expenses.
© 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
Holdings
Top 10 Holdings
Sector allocations may not add up to 100% because of rounding.
Annualized Returns*
* Shaker Small Cap Growth gross returns are net of expenses. Net returns are net of expenses and 1% annual management fee. All return periods for one year or longer are annualized. Returns in the current year are preliminary.
**Inception for the Shaker Small Cap Growth strategy is 07/01/2004.
The benchmark for the Small Cap Growth Strategy is a US Small Cap Growth index. The strategy is more concentrated than the benchmark.
Past performance is not indicative of future results. Investing involves certain risks including loss of principal. No guarantee that any specific investment will be suitable or profitable can be made.
Portfolio Managers
Brandon Hemmelgarn
Co-Chief Investment Officer
