SMID Cap Growth

Approach

This strategy is an actively managed SMID cap growth strategy driven by bottom-up fundamental research seeking high-quality companies with strong balance sheets and cash flow characteristics that are beneficiaries of sustainable growth trends. We believe bottom-up stock selection is the key driver of alpha, sector and industry experience and specialization are the keys to value-added fundamental research and positive cash flow generation and deployment drive earnings per share, and ultimately stock prices.

Key Benefits

  • Leverages the skills and philosophy of an experienced small-cap team with proven track record
  • Diversification across small- and mid-caps offers potentially higher returns and well controlled risk
  • Disciplined, repeatable process driven by fundamental research
  • High quality holdings in terms of earnings, cash flows and balance sheet strength

Performance

Performance

As of 6/30/181 Month3 MonthYTD1yr3yr5yr10yrSince Inception (6/01/12)
Composite Gross1.083.973.8013.249.5212.79-14.97
Composite Net1.013.743.3512.258.5511.79-13.95
Index*0.845.538.0421.5310.8613.87-15.88
Gross Excess Return0.24-1.56-4.23-8.29-1.33-1.08--0.91

* Russell 2500 Growth Index

Past performance does not guarantee future results.

Periods greater than one year are annualized. Performance data is considered final unless indicated as preliminary. Monthly performance is based on full GIPS Composite returns. Access the GIPS page for full composite details.

The Composite performance information represents the investment results of a group of fully discretionary accounts managed with the investment objective of outperforming the benchmark. Information is subject to change at any time. Gross returns are presented after all transaction costs, but before management fees. Returns include the reinvestment of income. Net performance is shown after the deduction of a model management fee equal to the highest fee charged.

Literature

Investment Team

James Hasso

James Hasso

Head of Small Cap and Portfolio Manager

Years of Experience:

More Info

James Hasso serves as the head of the small cap team and a portfolio manager for the small cap and SMID cap strategies at Voya Investment Management. Previously at the firm, James also covered the financial-related sectors as an analyst. Prior to joining the firm, Jim worked at First Investors Corporation, Valenzuela Capital Partners, Mitchell Hutchins Asset Management and Spears, Benzak, Salomon & Farrell in research analyst/associate portfolio manager capacities. He received a BA in economics from Lehman College and an MBA in finance from Fordham University.

Joseph Basset

Joseph Basset, CFA

Equity Analyst and Portfolio Manager

Years of Experience:

More Info

Joseph Basset is an analyst on the small cap team at Voya Investment Management covering the industrials, energy, materials and utilities sectors. He also is a portfolio manager for the small cap and SMID cap strategies. Prior to joining the firm, Joe taught economics and finance at the university level for eight years. He also covered semiconductor, information technology and communication equipment companies for Banc One and One Group Technology Fund. Joe received a BA in economics from Tulane University and an MBA and ABD in finance from the University of Texas. He holds the Chartered Financial Analyst® designation.

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. The strategy may use derivatives such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on performance. Mid-cap stocks generally have higher risk characteristics than large-cap stocks. In exchange for higher growth potential, investing in stocks of smaller companies may entail greater price volatility and less liquidity than investing in stocks of larger companies. More particularly, growth-oriented stocks typically sell at higher valuations than other stocks. If a growth-oriented stock does not exhibit the level of growth expected, its price may drop sharply. Additionally, growth-oriented stocks have been more volatile than value-oriented stocks. Other risks include but are not limited to other investment companies’ risks, price volatility risks, securities lending risks and portfolio turnover risks.