Performance

 

As of December 31, 20184Q181 Year3 Year5 Year10 YearSince Inception
Micro Cap Value Equity Portfolio Gross of Fees (Inception 1/1/2008)-27.64-27.00-6.67-2.9213.377.65
Micro Cap Value Equity Portfolio Net of Fees-27.81-27.68-7.54-3.8112.697.07
Russell Microcap® Index-19.44-11.958.504.2711.195.90

Past performance is not a guarantee of future results.  Unless otherwise indicated, all composite information is as of September 30, 2018.

NorthPointe Capital®,  LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. NorthPointe has been independently verified for periods 1/1/2000 – 09/30/18  Verification assesses whether (1) the firm has complied with all of the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The Micro Cap Value Equity composite has been examined from 1/1/2008 to 09/30/18.  The verification and performance examination reports are available upon request.

NorthPointe Capital®, LLC (NorthPointe), located in Bloomfield Hills, Michigan, is an asset management firm.  NorthPointe is a registered investment adviser with the Securities and Exchange Commission and provides investment management services to institutional investors through separate accounts, mutual funds and wrap accounts.

Micro Cap Value Equity Composite, Inception/creation date of January 1,  2008, focuses on emerging companies with a market cap range similar to the Russell Microcap® Index with no minimum account size.  NorthPointe calculates performance results using a  daily time weighted rate of return, and for the monthly calculation we geometrically link all the daily returns to get the monthly return.  This takes out any effect of a cash flow during the month..  The quarterly composite calculation appropriately weights portfolio returns for the size of each portfolio using balances as of the beginning of the monthly reporting period. Composites will include new portfolios at the start of the first performance measurement period (monthly) after the portfolio is fully invested in the composite strategy. Returns are denominated in U.S. Dollars. Performance results are shown “gross” and “net” using actual investment management fees, which includes performance fees and includes the reinvestment of all income and trade execution costs. For the periods between 1/1/2008 and 4/30/2012,100% of composite assets are non-fee paying; for the year ending 12/31/2012 8% of composite assets are non-fee paying. This account represents seed money invested in the Micro Cap Value Strategy.  No fees were charged since money represented internal funds.  See standard fee schedule for fees charged for this product.  All performance shown reflects trade execution costs and assumes the reinvestment of dividends and capital gains. Percentage returns include portfolios under management that meet the following criteria: Full discretionary investment authority and follow common investment strategies.  No selective periods for presentation have been utilized.

A complete list and description of all composites maintained by NorthPointe and the related performance results, as well as additional information regarding policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.

Composite dispersion measures represent the consistency of a firm’s composite performance with respect to the individual portfolio returns within a composite.  The dispersion of annual returns is measured by the asset weighted standard deviation of portfolios in the composite for the entire year. **N/M – Statistical measures of internal dispersions for composites with five or fewer accounts are considered not meaningful. The three -year standard deviation is an annualized ex-post standard deviation measure of 36 monthly returns.

Total Small Cap Value Assets and Total Small Cap Value Accounts represent total combined assets of all accounts with market cap ranges less than $15B managed in the value strategy.

The Russell Microcap® Index and the Russell Microcap® Value Index are the benchmarks for the Micro Cap Value Equity Composite.  Both indices are accurate representations of the investment strategy and provide a correct characterization of the overall investment universe we seek to invest in based on its overall correlation to sector and market capitalization.

The Russell Microcap® Value Index is published by Russell Investments. The Russell Microcap® Value Index measures the performance of the microcap value segment of the U.S. Equity market. It includes those Russell Microcap® Index companies with lower price-to-book ratios and lower forecasted growth values.  The Russell Microcap® Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1000 of the smallest securities in the small-cap Russell 2000® Index based on a combination of their market cap and current index membership and it includes the next 1,000 securities.

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Bloomfield Hills, MI, 48304
Phone: 248-457-1200

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