Small-Cap Growth Equity

The Roanoke Small-Cap Growth portfolio invests in companies expected to sustain strong or improving earnings growth. Focused on companies whose market capitalization when purchased is less than $2 billion, the Small-Cap Growth product provides focused exposure to one of the most dynamic segments of the market.

Portfolio Construction:

• Benchmark: Russell 2000® Growth
• Market Cap Range
  • Small/Micro Cap (<$2 Billion)
• Minimum 40 stock portfolio
• Maximum position size : 7%
• Fully invested: 0-10% residual cash
• Sector diversification
• Risk management
  • Rigorous sell discipline
  • Deteriorating fundamental prospects
  • Sector outlook changes
  • Company execution fails
  • Valuation extended
  • Assess long-term absolute and relative valuation bands

Open to: Institutional Investors, High Net Worth Individuals and Family Offices:

Minimum account size: $1.0 million.

Representative Account List:

• Children’s Aid Society Endowment Fund (1/1/81)
• Town of Palm Beach Employees’ Retirement System (1/14/82)
• Protestant Episcopal Cathedral Foundation (7/25/02)

* The client names listed above were selected as representing types of institutional clients (e.g., corporate fund, public fund, mutual fund, foundation and endowment), but were not selected based upon investment performance.  It is not known whether the listed clients approve of or disapprove of Roanoke or the advisory services provided.  Inception dates of each account are provided in brackets.