Small Cap Value Commentaries


4th Quarter 2022

The preliminary fourth-quarter return of Cardinal’s Small Cap Value Composite, at 6.7% net of fees, lagged the Russell 2000 Value Index return of 8.4%.

The preliminary 2022 return of Cardinal’s Small Cap value composite, at -17.3% net of fees, lagged the Russell 2000 Value Index return of -14.5%.

3rd Quarter 2022

The third quarter return of Cardinal’s Small Cap Value Composite, at -7.7% net of fees, trailed the -4.6% return of the Russell 2000 Value Index.

2nd Quarter 2022

The second‐quarter return of Cardinal’s Small Cap Value Composite, at ‐13.4% net of fees, outperformed the ‐15.3% return of the Russell 2000 Value Index.

1st Quarter 2022

The first-quarter return of Cardinal’s Small Cap Value Composite, at -2.9% net of fees, lagged the -2.4% return of the Russell 2000 Value Index.

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Greenwich, Connecticut 06831
Phone: 203-863-8990
Fax: 203-861-4112
info@cardcap.com

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