Investment Overview

We seek above-benchmark performance through our quality-focused, bottom-up, fundamental investment discipline.
The strategy exploits inefficiencies in the small-cap market 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 the overall market.
Market caps range from $250 million to $4.5 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 6-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: 3%-5%.

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 typically kept to less than 5% of the portfolio

Investment Team

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

Benchmark

Russell 2000® Index