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Retail Separate Accounts  Domestic Equity

KAR Small-Mid Cap Core SMA

Resources

Portfolio Overview

Investment Objective

  • To generate attractive risk-adjusted long-term returns by investing in the stocks of U.S. small- and mid-cap companies with durable competitive advantages, excellent management, lower financial risk, and strong growth trajectories
  • To identify businesses that are differentiated by above-average returns on capital trading at attractive valuations

Investment Philosophy

We believe that purchasing high-quality businesses with competitive protections at attractive valuations will achieve excess returns over a complete market cycle.

Investment Partner

Kayne Anderson Rudnick Investment Management, LLC

Kayne Anderson Rudnick believes that superior risk-adjusted returns may be achieved through investment in high-quality companies with market dominance, excellent management, financial strength, and consistent growth, purchased at reasonable prices.


Learn more about Kayne Anderson Rudnick Investment Management, LLC

Investment Professionals

Doug Foreman

Douglas S. Foreman, CFA

Chief Investment Officer

Industry start date: 1986
Start date as fund Portfolio Manager:

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Jon Christensen

Jon Christensen, CFA

Portfolio Manager and Senior Research Analyst

Industry start date: 1995
Start date as fund Portfolio Manager:

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Julie Kutasov

Julie Kutasov

Portfolio Manager and Senior Research Analyst

Industry start date: 2001
Start date as fund Portfolio Manager:

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Craig Stone

Craig Stone

Portfolio Manager and Senior Research Analyst

Industry start date: 1989
Start date as fund Portfolio Manager:

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Marketing Materials

KAR Small-Mid Cap Core SMA Fact Sheet/Commentary
KAR Capabilities Brochure
KAR Small-Mid Cap Core SMA Portfolio Presentation
KAR Small-Mid Cap Core SMA Portfolio Review
KAR Market Review and Outlook

Risk Considerations

Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.

Limited Number of Investments: Because the portfolio has a limited number of securities, it may be more susceptible to factors adversely affecting its securities than a portfolio with a greater number of securities.

Market Volatility: Local, regional, or global events such as war, acts of terrorism, the speed of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.