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Kalmar "Growth-with-Value" Small Cap Fund

 

 

 

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Investment Objective and Strategy

Kalmar's small company investment approach is available to investors of all sizes through the Kalmar "Growth-with-Value" Small Cap Fund. The Fund invests in companies which the adviser believes have the potential for significant business growth and capital appreciation, yet whose stocks, at the time of purchase, are trading at undervalued prices in the public trading markets. The adviser believes that its investment philosphy of purchasing promising, growing companies that may also be undervalued can result in both lower risk and higher return when compared to many other small company investment strategies.

Risk Considerations

The Fund primarily invests in growth stocks with the potential for significant growth and may be more volatile because they are more sensitive to market conditions. The Fund may seek to buy these stocks at undervalued prices and this involves the risk that the securities may remain undervalued for an extended period of time and may not realize its full potential. Investments in small cap securities may involve greater risks due to higher volatility and less liquidity than larger more established companies.

 

Three Distinguishing Characteristics

1. Manager Continuity   2. Style Box Consistency   3. Desired Results: Higher Reward, Lower Risk  

Manager Continuity

Experienced leadership and a disciplined, consistent investment process have been hallmarks of the Kalmar “Growth-with-Value” Fund from its inception in 1997.  Since then, Ford Draper, Jr. and Dana Walker, CFA, have shared the portfolio management responsibilities, and they were joined by James Gowen, CFA in late 2016.  Together, these three have over 115 years of combined experience in identifying high quality, smaller growth companies.


Ford Draper   FORD B. DRAPER, JR., President, CIO
Portfolio Manager/Research Analyst
50 years experience in investment research and portfolio management.


Investment Focus: Ford has conducted research on a very broad range of business models covering most sectors in the economy.

After Yale University and an MBA in Finance from Columbia University Graduate School of Business, Mr. Draper began his career in the investment research and capital management departments of Smith, Barney & Co., a major New York investment firm, now part of Morgan Stanley. In 1970, he joined Baker, Fentress & Company, a $350 million publicly-owned closed-end mutual fund, performing original investment research on a broad spectrum of companies and industries. For the following twelve years at Baker, Fentress, he had responsibilities as Vice President that included trading, investment research, investment strategy, and management of the Fund’s portfolio. Mr. Draper founded Kalmar Investments in 1982 and has served as the firm’s President and Chief Investment Officer throughout the firm’s history. As CIO, Mr. Draper is responsible for directing the firm’s investment strategy, contributing to the firm’s proprietary research, and co-leading a team of ten experienced investment professionals.

Dana F. Walker   DANA F. WALKER, CFA
Portfolio Manager/Research Analyst
35 years experience in investment research and management.


Investment Focus: Retail, health care, manufacturing and materials with special knowledge of filtration, distribution, for-profit educaton, and certain areas of business services.

After the University of Virginia’s McIntire School of Commerce, Mr. Walker worked over three years for Delfi Management, Inc., investment advisor to the $350 million mutual fund group Sigma Funds. As a Senior Research Analyst, he performed original research in consumer-related industries, health care, retailing and distribution and was responsible for investment selection from these areas for the Sigma Funds and the portfolios of DP Asset Management, an affiliated $100 million investment advisory firm. Mr. Walker joined Kalmar Investments in 1986 as a member of the Investment team.

 

JAMES E. GOWEN, CFA
Co-leader of the Investment Team
Portfolio Manager/Research Analyst
30 years experience in investment research and portfolio management.

Investment Focus: Health care, consumer discretionary, and technology.

Mr. Gowen received a Bachelor’s degree from Macalester College in St. Paul, MN. He began his investment career in 1987 with Inverness Counsel, Inc. in New York, ultimately rising to the position of Vice President and Portfolio Manager. Following research/portfolio management positions at Gardner Lewis Asset Management and E.R. Taylor Investments, Mr. Gowen joined Friess Associates in 2001. Over the ensuing eleven years, he advanced to become a Research Team Leader and Principal in the firm where he specialized in the research and management of Health Care, Technology, and Consumer Discretionary stocks. He joined Kalmar Investments in 2013 and began co-leading the investment team in 2016.

 

Shares of the Kalmar Pooled Investment Trust are distributed by Foreside Funds Distributors LLC, Berwyn, PA., not an adviser affiliate.

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