Small/MiD cap Core

Small/Mid Cap Core invests in small and mid cap stocks that are well-diversified across economic sectors and meet Trillium’s sustainability criteria.

Invests in small and mid cap stocks that are well-diversified across economic sectors and meet Trillium’s sustainability criteria.

Investment Process

Fundamental equity analysts, who divide coverage by sector, are responsible for providing in-depth analysis of companies and generating new buy ideas consistent with the strategy’s high quality approach, including a rigorous integrated review of financial and ESG factors. The Investment Management Committee, comprised of portfolio managers and analysts, meets periodically to review and approve recommendations to the buy-list recommended by the analysts. A strategy team, headed by the lead Portfolio Manager, rebalances the portfolio on at least a quarterly basis to identify the best subset of names from the buy-list at that particular point of time. The team leverages an optimization process that helps monitor and control portfolio characteristic exposures while overweighting companies based on a proprietary alpha score that includes an analyst rating. In this sense, the strategy is fundamentally driven, but quantitatively assisted.

Contact Information

Tom Simunovic
Tom Simunovic
ESG Investment Strategy Specialist and Relationship Manager
tsimunovic@trilliuminvest.com617-532-6673

Portfolio Managers

Laura McGonagle, CFA
Laura McGonagle, CFA
Lead Portfolio Manager
Bio >
Mitali Prasad, CFA
Mitali Prasad, CFA
Portfolio Manager
Bio >
Elizabeth Levy, CFA
Elizabeth Levy, CFA
Portfolio Manager
Bio >
Benchmark
S&P 1000
Inception Date
2001
Strategy Assets*
$129m
Holdings
60-80
% Top 10 Holdings
25.88%
Initial Position Size
0-5%
Target Tracking Error
4-5%
Sector Deviation +/-
3%
Annual Turnover
20-40%
* Strategy Assets are supplemental
Equity Characteristics
as of 9/30/20
Small/Mid
Cap Core
S&P 1000
Market Capitalization
(weighted avg. billions)
$8.25
$4.72
P/E (FTM EST)
22.4x
20.1x
ROE
$10.26
$9.29
Est. 3-5 Yr. EPS Growth
12.82%
10.54%
Price/Book
2.7x
1.9x
LT Debt/Capital
37.39%
37.71%
Sector Allocation vs. Benchmark
as of 9/30/20
Small/Mid 
Cap Core
S&P 1000
Industrial Goods
18.7%
17.9%
Information Technology
17.1%
15.2%
Health Care
14.7%
11.8%
Consumer Discretionary
14.2%
15.4%
Financial Services
12.4%
14.3%
Real Estate
6.9%
9.0%
Consumer Staples
5.7%
3.9%
Materials
4.4%
5.7%
Utilities
3.4%
3.1%
Communication Services
2.4%
2.0%
Energy
0.0%
1.7%
Sector Allocation, Equity Characteristics and Top Holdings based on a representative account as of 09/30/2020 and exclude cash.
As of 9/30/20
QTR
YTD
1 Year
3 Year
5 Year
10 Year
GIPS Inception
(1/1/2007)
Gross of Fees
6.4%
-5.0%
-0.1%
4.3%
8.5%
10.7%
8.5%
Net of Fees
6.3%
-5.3%
-0.5%
3.9%
8.0%
10.2%
7.9%
S&P 1000
4.3%
-10.6%
-4.0%
1.9%
7.9%
10.5%
7.7%
Russell 2500
5.9%
-5.8%
2.2%
4.5%
9.0%
12.0%
7.4%
Annualized returns for Small/Mid Cap Core composite through 09/30/2020. Time periods less than one year are not annualized. GIPS composite inception is 1/1/2007 for the Small/Mid Cap Core Composite. Please see important performance disclosures at the bottom of this page. Composite assets are $95.2 million as of 09/30/2020.