Investment Overview

We seek above-benchmark performance through our quality-focused, bottom-up, fundamental investment discipline.
The strategy exploits inefficiencies in the small- and mid-cap markets through bottom-up, fundamental research.
We look for what we believe to be high-quality companies with strong earnings growth, selling at a discount to peers and/or the overall market.
Market caps range from $250 million to $9.9 billion.
We seek out high-quality management, as well as a high level of conviction that management can execute.
Our process identifies catalysts for high reward/risk portfolio candidates.
Our dedicated resources include a 5-person team that also draws on research from our other equity and high yield teams.
The strategy has a proven track record of strong performance.
Target excess return: 2%-4%.

Portfolio Construction

40-60 securities in the portfolio
Target a 3% weight at cost
Position size greater than 4.5% will trigger a review
Maximum of 25% in one industry
Cash is typically kept to less than 5% of the portfolio

Investment Team

Michael D. McLean, CFA
Portfolio manager, Consumer Discretionary & Consumer Staples
15 years of industry experience
15 years at Eaton Vance
BS, Providence College
J. Griffith Noble, CFA
Portfolio manager, Energy, Industrials & Materials
21 years of industry experience
4 years at Eaton Vance
BS, University of Vermont
MBA, Babson College
Brian Hertzog
Technology
17 years of industry experience
<1 year at Eaton Vance
BA, Saint John's University
Prachi Samudra
Financials
9 years of industry experience
1 year at Eaton Vance
BS, Walchand College (India)
MBA, Duke University
Andrew Valk, CFA
Utilities, Industrials
11 years of industry experience
9 years at Eaton Vance
BS, Worcester State University
Ryan Cavanaugh
Health Care
3 years of industry experience
3 years at Eaton Vance
BS, Bentley University

Benchmark

Russell 2500™ Index