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SMID Cap Value Returns*

For Periods Ending September 30, 2017

Time Period Cardinal
SMID Gross
Cardinal
SMID Net
Russell 2500 Value Index Relative Gross Performance
1-Year 21.1 19.8 15.8 17.8
3-Year 11.2 10.7 10.0 10.6
5-Year 13.7 13.2 13.3 13.9
Inception-to-Date* 13.1 12.7 11.4 12.3
*SMID Portfolio Inception Date: April 1, 2010

*Between 11/30/2001 and 9/30/2003, the composite consisted solely of one non-fee paying portfolio, and as such, returns were only calculated gross of fees.

 

 

GIPS Performance and Verification Presentation

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Performance shown reflects returns for the firm's SMID Cap Value Composite, which includes the firm's SMID family of products – Select Value and SMID Cap Value. The composite includes each of the firm’s accounts that has at least $5 million and has been managed using the Strategy by Cardinal for at least one month. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. No assurances can be made that profits will be achieved or that substantial losses will not be incurred. Net performance reflects the deduction of advisory fees and trading expenses but does not reflect custodial fees, all of which reduce a client’s total investment return. Performance reflects reinvestment of interest and dividend income.

Past performance is not indicative of future results. Please see the important disclosures.