FIAM Small/Mid Cap Core

  • Consistent exposure to U.S. small and mid capitalization equities
  • Structured to minimize surprises from unintended benchmark exposures
  • Seeks solid returns driven by FIAM’s global research capabilities

Investment Process

Key Facts

Inception date Mar 31, 2004
Benchmark Russell 2500
Separate account minimum $50M
Typical tracking error 3.0%–7.0%
Sector constraint +/- 1.0% vs. Index
Security constraint +/- 2.5% vs. Index
Typical portfolio turnover 75%–150%

Objective

The Small/Mid Cap Core portfolio seeks to provide 4.0%* annualized excess return relative to the Russell 2500® Index over a full market cycle. The portfolio is constructed to ensure that active return is generated through stock selection.

Investment Approach

The Small/Mid Cap Core portfolio is a bottom-up, fundamental strategy designed to deliver the best ideas of the FIAM global sector leaders. Each global sector leader researches and recommends candidates for the portfolio based on a sector-specific philosophy that has been developed and practiced over time. The team leader, Chandler Willett, constructs the portfolio to ensure asset selection drives risk and returns, while exhibiting characteristics similar to the benchmark.

Portfolio Managers

 
 

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