Global Small Cap Equity

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
CIT
Mutual Fund
Investment Universe Global Small Cap
Benchmark MSCI ACWI Small Cap
Inception Date 04/01/2016
Total Assets $17.59 M

TARGET

Tracking Error 6% to 8% over a standard market cycle
Excess Return 3% to 4% over a standard market cycle

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Trevor Gurwich

Federico Laffan

9 Investment Analysts

4 Client Portfolio Managers

The Global Small Cap strategy seeks to invest in companies with small market capitalizations that are located primarily in developed markets, including the United States, and demonstrating accelerating growth.

  • Centers on the belief that accelerating growth in earnings and revenues, rather than the absolute level of growth, is more highly correlated to stock price performance.
  • Directs us to research different companies than other growth managers, as we do not require an absolute threshold of earnings or revenue growth.
  • Allows us to take advantage of both the normal price appreciation that results from a company's earnings growth and the market's re-rating of a company's price-to-earnings multiple.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* Since Inception*
Global Small Cap (gross) -22.86% -11.48% -11.48% --- --- 11.79%
Global Small Cap (net) -23.17% -12.88% -12.88% --- --- 9.95%
Standard Deviation --- --- 19.41% --- --- 13.66%
Sharpe Ratio --- --- -0.69 --- --- 0.79
MSCI AC World Small Cap - Net Return -16.76% -14.39% -14.39% --- --- 6.02%
Excess Return -6.10% 2.91% 2.91% --- --- 5.76%
Tracking Error --- --- 7.58% --- --- 5.77%
Information Ratio --- --- 0.38 --- --- 1.00

*Annualized

Sources: MSCI Inc., FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The Global Small Cap Equity composite seeks to provide a total return that exceeds the benchmark (MSCI ACWI Small Cap Index) over a market cycle by investing primarily in small cap companies in developed and emerging countries globally utilizing a growth investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.