Investment Overview

The Eaton Vance U.S. Small-Cap Strategy offers exposure to a broadly diversified portfolio of high quality, U.S. small cap companies.
 

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well-entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mindset can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

6 person team with an average of 15 years experience located in Boston
Supported by the broader Eaton Vance equity group, with over 501 investment professionals
Analyst-driven process with collaborative culture
High levels of accountability, with distinct lines of responsibility
1Portfolio managers, analysts, and traders including U.S. and Global/International Equity team members.
 

Process

Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Designed to maximize the impact of fundamental bottom-up stock selection
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
1000+ company meetings per annum
 

Portfolio Construction

50 – 100 holdings
Quality/core bias
Expect resilience in down markets
Alpha driven by bottom-up stock selection and clearly defined risk parameters

Investment Team

Michael D. McLean, CFA

Portfolio Manager

Consumer Discretionary & Consumer Staples

17 years of industry experience

17 years at Eaton Vance

B.S., Providence College

J. Griffith Noble, CFA

Portfolio Manager

Energy, Industrials & Materials

23 years of industry experience

7 years at Eaton Vance

B.S., University of Vermont

MBA, Babson College

Brian Hertzog

Technology

20 years of industry experience

2 years at Eaton Vance

BA, Saint John's University

Prachi Samudra

Financials

12 years of industry experience

4 years at Eaton Vance

B.S., Walchand College (India)

MBA, Duke University

Andrew Valk, CFA

US Utilities, REITS and Industrials

13 years of industry experience

11 years at Eaton Vance

BS, Worcester State University

Ryan Cavanaugh, CFA

Health Care

6 years of industry experience

6 years at Eaton Vance

B.S., Bentley University

 

Benchmark

Benchmark: Russell 2000® Index