Small Cap Opportunity Fund

CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY

FUND BASICS

Benchmark: Russell 2000 Index
Inception Date: December 5, 2008

Institutional: GLSIX (cusip: 56166Y685)
Investor: GLSCX (cusip: 56166Y693)
     
Fund AUM as of June 30, 2020: $46M
Strategy AUM as of June 30, 2020: $131M
     

Investment Minimums

Investor Class Initial Subsequent
Regular Account $1,000 $500
Retirement Account $500 $200
     
Institutional Class $100,000 $100
     

Fees and Expenses

  GLSIX GLSCX
Management Fee 0.60% 0.60%
12b-1 Distribution Fee 0.00% 0.25%
Other Expenses 0.25% 0.25%
Total Expense Ratio 0.86% 1.11%
     

Additional Information

The Small Cap Opportunity Fund seeks to provide total return.

DISTINGUISHING CHARACTERISTICS

  • The fund consists of securities the manager believes are undervalued in relation to factors such as free cash flow, economic earnings, growth potential or asset value
  • The fund utilizes bottom-up security analysis while using portfolio construction analytics to monitor and manage risk

INVESTMENT PROCESS

The Small Cap team focuses on rigorous fundamental analysis and employs a disciplined valuation approach to select securities for inclusion in its portfolio. A universe of potential investments is initially identified through a series of proprietary screens. After initial analysis, we construct a multi-year free cash flow model for each stock considered for investment to derive an estimate of the stock’s fair value. Portfolios are built by owning those stocks with the highest expected rates of return over the investment time horizon, and methodically replacing those in the portfolio having relatively low expected rates of return with well-researched ideas having higher expected rates of return.

We utilize a number of proprietary tools to measure, monitor and manage portfolio risk.  We believe that Risk Management begins at the security level, and that our analytical approach may help provide a substantial “margin of safety” that may potentially help in protecting capital during market dislocations.

PORTFOLIO MANAGEMENT

Benjamin Kim, CFA, CPA
Portfolio Manager

Benjamin Kim has over 28 years of stock analysis and selection experience in a number of industries. He serves as a Senior Research Analyst for the Small Cap Portfolio, responsible for equity investments in the Industrial, Technology, and Materials sectors. Prior to joining Great Lakes Advisors, Ben was an Investment Analyst at Harris Associates and a Securities Analyst for Skyline Asset Management. Ben holds a BS in Accounting from Indiana University and an MBA with a concentration in Finance and Economics from the University of Chicago. Ben is a CFA charterholder and a Certified Public Accountant.

 

 

Slogan: 
CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY