Global Value Equity  >  U.S. Small Cap Value

U.S. Small Cap Value

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 U.S. Small Cap Value Equity
Benchmark Russell 2000® Value Index
Inception Date 09/01/1998
Total Assets $1.67 B

TARGET

Tracking Error 3% - 4% over a standard market cycle
Excess Return 2% - 3% 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.

Jeff John, CFA

Miles Lewis, CFA

3 Investment Analysts

2 Client Portfolio Managers

Documents & Resources

Quarterly Review 

RFI

Quarterly Review 

 

U.S. Small Cap Value is a bottom-up, fundamental strategy that invests in leading businesses selling at a discount to fair value.

  • We believe that leading businesses selling at a discount to fair value have the potential to generate excess returns.
  • We focus on stocks offering a high probability of modest outperformance rather than a low probability of high outperformance.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
U.S. Small Cap Value (gross) -20.27% -16.06% -16.06% 6.17% 4.51% 12.88%
U.S. Small Cap Value (net) -20.47% -16.92% -16.92% 5.05% 3.39% 11.64%
Standard Deviation --- --- 18.68% 16.54% 15.39% 17.75%
Sharpe Ratio --- --- -0.96 0.31 0.25 0.71
Russell 2000 Value -18.67% -12.86% -12.86% 7.37% 3.61% 10.40%
Excess Return -1.60% -3.20% -3.20% -1.20% 0.90% 2.48%
Tracking Error --- --- 4.72% 4.27% 3.83% 3.65%
Information Ratio --- --- -0.68 -0.28 0.24 0.68

*Annualized

Sources: Frank Russell Co., 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 U.S. Small Cap Value Equity composite includes portfolios that invest in securities of small capitalization companies that appear to be undervalued in the market. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

The Russell 2000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.