Investment Overview

The Eaton Vance Global Small-Cap Strategy offers exposure to a broadly diversified portfolio of high quality, global small cap companies.
 

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mind-set can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

Depth, expertise & location
141 person team with an average of 14 years of experience located in Boston, London, and Tokyo
Supported by the broader Eaton Vance equity group with over 502 investment professionals
Analyst driven process within a collaborative culture
High levels of accountability, with distinct lines of responsibility.
1Five investment professionals are dedicated to international/global small-cap strategies 2Portfolio managers, analysts, and traders including US and Global/International Equity team members.
 

Process

Bottom-up, in-depth fundamental analysis
Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework.
Portfolio exercises ensure team ownership, encourage collaboration, and test biases.
Ensures all research adds value – working list, wish list, research library.
Clearly defined portfolio construction and risk management parameters.
 

Portfolio Construction

Clearly defined portfolio construction
120 – 180 holdings3
Quality/core bias
Alpha driven by bottom-up stock selection
Positioned for capital preservation in addition to capital appreciation
3The number of securities/holdings indicated is the current range typically associated with this type of account and will vary depending on account size, client parameters and market conditions prevailing at the time of investment.
 

Investment Team

Aidan Farrell4 - Director Global Small-Cap Equity
London
Non-US Consumer, Energy, Utilities, Financials
22 Years' Industry Experience
J. Griffith Noble, CFA5 Director US Small-Cap Equity
Boston
US Industrials, Energy, Materials
22 Years' Industry Experience
Mike McLean, CFA5Director US Small-Cap Equity
Boston
US Consumer
17 Years' Industry Experience
GLOBAL EQUITY ANALYSTS
Claus Roller, CFA4
London
Non-US Information Technology, REITS
28 Years' Industry Experience
Nakaba Minai4
Tokyo
Japanese small caps
22 Years' Industry Experience
Brian Hertzog5
Boston
US Technology
19 Years' Industry Experience
Samantha Pandolfi, CFA
London
Non-US Healthcare
18 Years' Industry Experience
Andrew Valk, CFA5
Boston
US Utilities, Industrials
13 Years' Industry Experience
Prachi Samudra5
Boston
US Financials, REITS
11 Years' Industry Experience
Allen Mayer, CFA4
London
Non-US Industrials, Materials
6 Years' Industry Experience
Steven Reece4
London
Non-US Consumer
6 Years' Industry Experience
Ryan Cavanaugh5
Boston
US Healthcare
5 Years' Industry Experience
*The team is supported by three equity research associates 4Denotes investment professionals dedicated solely to International/Global Small-Cap.5Denotes members of the Eaton Vance US Small-Cap Investment Team.
 

Benchmark

MSCI World Small-Cap Index