SMID Cap Value
Bottom-Up Approach.
Disciplined Buy & Sell Criteria.
since
2014
Holdings
60-90
5
Value Buy
Criteria
Disciplined
valuation approach
Profile —
Philosophy —
Process —
— Disciplined investment process has been consistently executed since 2014
— Pure value characteristics
— Product extension of the Peregrine Small Cap Value style
— Seasoned investment team of three portfolio managers with an average of 31 years of experience
Consistently Uncovering Value
Outperformance is achieved by investing in companies that meet stringent valuation criteria and provide improving operating fundamentals.
Uncovering value on a stock-by-stock basis
The investment team employs a proprietary valuation process to identify the least expensive stocks in each sector which results in a candidate pool of 140 names. To discern true value from the merely cheap, the team conducts extensive fundamental research in search of one of our five Value Buy Criteria:
— Resolvable short-term problem
— Catalyst for change
— Unrecognized assets
— Fundamental undervaluation
— Takeover potential
The presence of our Value Buy Criteria increases the likelihood that an inexpensive stock will return to a state of fair value and outperform its peers.
Portfolios are fully invested in 60 to 90 holdings with no position exceeding 5% in weight. The portfolio is always diversified across all sectors.