Concentrated SMID Growth

OVERVIEW

Objective


The strategy seeks superior absolute returns over the long term by allocating capital to the firm’s highest conviction, long duration growth ideas. Generally, these companies will exhibit low but growing market share in large addressable markets. These companies will offer the long term potential of for high gross and operating profit margins driving significant long term earnings growth.

Strategy


The Crow Point Concentrated SMID Growth Strategy is sub-advised by Cold Creek Capital, Inc, an affiliate of Crow Point Partners whose investment team have spent a combined 50 years managing Small & Mid Cap Growth portfolios at some of the worlds most well respected asset management firms, including John Hancock Advisors, Congress Asset Management, and Baring Asset Management.

Portfolio Guidelines


› Typically 8 – 15 positions

› Maximum position size of 25%

› Target active share > 95%

Portfolio Management


Contact


Patrick Mullin, CFA

Managing Director

Tel: 781-875-3185
patrick@cppinvest.com

PORTFOLIO

Portfolio Guidelines


› Typically 8 – 15 positions

› Maximum position size of 25%

› Target active share > 95%

Sector Exposure

As of
 5
/31/2019

PERFORMANCE

Performance

As of
 5
/31/2019

Growth of $10,000 Since Inception

As of
 5
/31/2019

Standardized Returns (%)

As of
 5
/31/2019

SMID Cap Concentrated Composite: The SMID Cap Concentrated composite includes all institutional portfolios that invest in the firm’s SMID Cap Concentrated strategy. The strategy seeks consistent capital appreciation. The strategy primarily invests in U.S. companies, with an objective of outperforming the Russell 2500 Growth Index. The SMID Cap Concentrated composite is compared against the Russell 2500 Growth TR USD. The Russell 2500® Growth Index measures the performance of those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values.The SMID Cap Concentrated composite has a minimum of $25,000.  The SMID Cap Concentrated composite was created April 2018.

Crow Point Partners, LLC (“CPP”) is a registered investment adviser with United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. CPP claims compliance with the Global Investment Performance Standards (GIPS®).

Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Composite policy requires the temporary removal of any portfolio incurring a client-initiated significant cash inflow or outflow of at least 20% of portfolio assets. Additional information regarding the treatment of significant cash flows is available upon request. Performance presented prior to October 1, 2017 was achieved by the same portfolio manager while affiliated with a prior firm. The performance from the prior firm has been linked to the current composite performance in accordance with the portability requirements of the GIPS standards. Past performance is not indicative of future results.

The currency used to express performance is USD. Returns are presented net of management fees and include the reinvestment of all income. Net-of-fee returns are reduced by trading costs and each portfolio’s actual investment management fee.

To receive a GIPS® compliant presentation, the firm’s full list of composite descriptions, or the firm’s verification report, please visit https://info.cppinvest.com/gips