Small-Mid Cap Core Fund

Investment Objective

Capital Appreciation

Morningstar Category
Small Blend

Fund Characteristics

The Small-Mid Cap Core Fund seeks to invest in small and mid cap quality companies that are expected to have durable returns on capital and whose stocks trade at attractive valuations.

Investment Approach

  • Invests in quality companies that are believed to have incentivized management teams, differentiated business models, and attractive financial characteristics.
  • Seeks to exploit three market inefficiencies among stocks of quality companies: the market underappreciating the long-term earnings power and durability of the business model; the market overreacting to short-term factors despite an attractive long-term opportunity; and the market lacking knowledge of the long-term opportunity.
  • Employs a research-intensive fundamental investment approach that typically includes company visits, focused discussions with management about issues critical to the investment thesis, conversations with independent sources, financial modeling, and valuation analysis.

Why Consider This Fund?

  • Seeks to provide strong investment performance with lower levels of risk
  • Applies a time-tested, fundamental research approach to assess a company’s durability and critical success factors
  • Utilizes William Blair’s Research Agenda to ensure portfolio managers and analysts continually focus on the most attractive portfolio candidates
  • Managed by and experienced, long-tenured portfolio management and analyst team

The Fund's returns will vary, and you could lose money by investing in the Fund. The Fund invests most of its assets in equity securities of small cap and mid cap companies where the primary risk is that the value of the equity securities it holds might decrease in response to the activities of those companies or market and economic conditions. Individual securities may not perform as expected or a strategy used by the Adviser may fail to produce its intended result. Investing in small and medium capitalization companies involves special risks, including higher volatility and lower liquidity. Small and mid-cap stocks are also more sensitive to purchase/sale transactions and changes in the issuer’s financial condition. Diversification does not ensure against loss. The Fund is not intended to be a complete investment program. The Fund is designed for long-term investors.