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Small Cap Value Commentaries


4th Quarter 2023

The preliminary fourth-quarter return of Cardinal’s Small Cap Value Composite, at 12.8% net of fees, lagged the Russell 2000 Value Index® return of 15.3%.

The preliminary full-year return for Cardinal’s Small Cap Value Composite, at 7.9% net of fees, lagged the Russell 2000 Value Index return of 14.6%.

3rd Quarter 2023

The third quarter return of Cardinal’s Small Cap Value Composite, at -3.9% net of fees, trailed the Russell 2000 Value Index return of -3.0%.

2nd Quarter 2023

The second quarter return of Cardinal’s Small Cap Value Composite, at 0.9% net of fees, trailed the Russell 2000 Value Index return of 3.2%.

1st Quarter 2023

The first quarter return of Cardinal’s Small Cap Value Composite, at -1.4% net of fees, trailed the Russell 2000 Value Index return of -0.7%.