• Employs a "growth-at-a-reasonable-price" philosophy, seeking to invest in stocks with strong growth potential at reasonable valuations.
• Offers access to the high-growth potential of small-cap stocks.
• Maintains a relatively low P/E ratio, investing in companies with earnings that will be able to support their stock prices, which proves especially important in the face of market uncertainty.

Cadence employs a "growth-at-a-reasonable-price" philosophy, seeking to invest in stocks with strong growth potential and fair market value. This allows the firm to access both the potential of growth stocks and the stability of value stocks.

• Quantitative screening-Apply a systematic selection screen to stocks with the market capitalization spectrum of the Russell 2000 Index. Each stock is ranked by growth and price considerations.
• Qualitative research-Identify stocks with the most favorable profiles and subject these to in-depth research.
• Make investment decisions-Select the securities that offer the best combination of promising growth potential and fair pricing. Continually monitor and analyze the list of opportunities for additional buy candidates.
• Apply rigid sell discipline-Sell holdings when a security shows declining earnings expectations or announces a negative earnings surprise. Holdings are also sold when a security reaches excessive relative valuations or when a better investment idea is discovered.

Growth Potential

Throughout the history of the stock market, investments in smaller-cap stocks (stocks of smaller-capitalization companies) have outperformed investments in larger-cap stocks. However, investments in smaller-cap stocks also can entail greater risks due to greater price volatility and less liquidity. As a result, professional investment expertise and risk management are important considerations when selecting a small-cap manager.

Experienced Management

Cadence Small-Cap Portfolios are managed by William Bannick and Robert Fitzpatrick. William Bannick is Managing Director of Cadence Capital Management. He is a Chartered Financial Analyst and received his B.S. from the University of Massachusetts and M.B.A. from Boston University. Robert Fitzpatrick joined Cadence Capital Management in 1999 as a member of the investment team. He brings a valuable background in research and analysis to his current role as portfolio manager and Managing Director.

Growth with Value

The team utitlizes the "growth-at-a-price" philosophy. This process seeks to select small-cap stocks that the managers believe have strong growth potential, and are reasonably priced (have lower P/Es).

Performance

For a complete display of the portfolio’s composite returns choose the Performance tab at the top of this page.

Boston, Massachusetts

Cadence Capital Management is a "growth-at-a-reasonable-price" equity manager investing in stocks with strong growth potential and reasonable valuations. The firm's sensible investment philosophy and disciplined approach have earned Cadence a reputation as a solid core-equity manager.