Value Approach

Small Cap Select Value

Objective

Long-term capital appreciation through investments in small capitalization companies that we believe are undervalued. Companies generally have market capitalizations of $100 million to $3 billion at time of investment.

Approach

We seek to identify high quality, undervalued companies with a catalyst to positively reset expectations within the next one to three years and, ultimately, lead to long-term appreciation. We believe that shorter investment horizons, fragmented analyst coverage, and increased passive investing have contributed to added opportunities for misplaced investor expectation and undervalued stocks.

Process

Applying a fundamental, bottom up stock selection process we leverage a history of internal research by a long-tenured team. For inclusion within the portfolio, we consider a variety of possible catalysts which are then applied to stocks which can be classified as one of four “value categories”: Undervalued Growth, Turnaround, Undervalued Asset, and Emerging Growth.

Performance

Average Annualized
3-Months YTD 1-Year 3-Years 5-Years 10-Years Inception
Small Cap Value (Gross)
Small Cap Value (Net)
Russell 2000 Value Index
Russell 2000
Small Cap Value (Gross) Small Cap Value (Net)
Russell 2000 Value Index Russell 2000

Portfolio Management

Teton Advisors, Inc.


Nicholas F. Galluccio
Portfolio Manager
34 years experience
Scott R. Butler
Co-Portfolio Manager
15 years experience