Mid-Cap Growth
Objective
The strategy seeks superior risk-adjusted returns by allocating capital to mid cap companies that demonstrate earnings growth at consistently high levels of profitability.
Strategy
The Crow Point Mid Cap Growth Strategy is sub-advised by Cushing Asset Management 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.
The Strategy can be accessed via SMA
Portfolio Management
Contact
Patrick Mullin, CFA
Managing Director
Tel: 781-875-3185
patrick@cppinvest.com
Portfolio Guidelines
› Typically 40 – 60 positions
› Maximum position size of 5%
› Top 10 positions generally 30% of portfolio
› Target active share > 90%
› Sector exposure not to exceed 150% of benchmark
Top Ten Holdings
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Sector Exposure
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Performance
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Growth of $10,000 Since Inception
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Standardized Returns (%)
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Mid Cap Growth Composite: The Mid Cap Growth composite includes all institutional portfolios that invest in the firm’s Mid Cap Growth strategy. The strategy seeks consistent capital appreciation. The strategy primarily invests in U.S. companies, with an objective of outperforming the Russell Mid Cap Growth Index. The Mid Cap Growth composite is compared against the Russell Mid Cap Growth TR USD. The Russell Mid Cap Growth Index contains Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000 Growth Index.The Mid Cap Growth composite has a minimum of $25,000. The Mid Cap Growth composite was created April 2005.
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. 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
About Morningstar, Inc and the Star Rating System
The Morningstar Rating TM for separate account composites, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
©2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
