Mazama Small-Mid Cap Growth
Mazama Small-Mid Cap Growth is an actively managed portfolio of approximately 100 growth stocks. This strategy focuses primarily on small to midsized growth companies with market capitalizations found within its benchmark, the Russell 2500 Growth Index. The objective of this strategy is to outperform the Russell 2500 Growth Index over complete market cycles.
| Strategy Profile | |
|---|---|
| Inception date | January 1, 2001 |
| Benchmark | Russell 2500 Growth Index |
| Approximate number of holdings | 100 |
| Average cash position | 0 – 2% |
| Reward Characteristics |
|---|
| Bottom-up, fundamental stock selection process |
| Fully invested at all times (<2% cash) |
| Growth rates > 20% |
| Focus on market caps represented by the Russell 2500 Growth Index |
| Overweight the top 30 stocks with over 50% of the portfolio assets |
| Risk Constraints1 |
|---|
| Diversified portfolio of approximately 100 holdings |
| Positions are reduced as soon as prudent if they exceed 4% of portfolio value |
| Normal sector allocations are within 1000 basis points variance from those of the Russell 2500 Growth Index |
| Focus on investing in only the highest quality companies in our universe |
| Proprietary Price Performance Model provides dynamic indication of timely buy and sell decisions |
| Characteristics and Statistics as of 30 JUN 2010 | Mazama SMID Cap Growth | Russell 2500 Growth Index |
|---|---|---|
| Number of holdings | 96 | 1590 |
| Weighted average market capitalization | $1.75 billion | $2.0 billion |
| Upside Capture %2 (since inception) | 165% | |
| Downside Capture % (since inception) | 108% |
| Sector Allocation3 as of 30 JUN 2010 | Mazama SMID Cap Growth | Russell 2500 Growth Index |
|---|---|---|
| Technology | 22% | 18% |
| Consumer Discretionary | 23% | 21% |
| Health Care | 20% | 18% |
| Financial Services | 12% | 9% |
| Producer Durables | 11% | 17% |
| Energy | 7% | 5% |
| Materials & Processing | 5% | 8% |
| Utilities | 0% | 1% |
| Consumer Staples | 0% | 3% |
| Cash & Cash Equivalents | 0% | 0% |
- Contractual risk constraints may vary and will be determined when an advisory agreement is established.
- “Upside Capture” is the cumulative return of the SMID Cap Growth Composite during quarters in which the benchmark was up, relative to the benchmarks cumulative performance during the same quarters. “Downside Capture” is the same calculation but accumulates the performance from quarters in which the benchmark was down. Performance is net of fees. Mazama Capital Management, Inc. has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS©).
- All portfolio holdings and index data provided by Mellon Analytical Services and Russell Indexes.