US Mid Cap Growth

Return to Strategies

Our Mid Cap strategy focuses the majority of assets on companies in the Russell MidCap® Index. Mid-cap companies are unique in that they are more stable than small-cap but can provide more exciting growth opportunities than large-cap.

Investment philosophy

Long-term capital appreciation by investing in stocks of medium capitalization companies

Characteristics

Historical EPS Growth 5 Yr 16.9%
Forecast EPS Growth 5 Yr 13.0%
ROE 20.4%
Debt to Capital 40.9%
Forecast P/E (one year) 26.7x
Turnover (one year) 12.1%
Number of issues 52
Wtd. Average Market Cap $21.2B
Median Market Cap $13.0B

Downloads

Fact sheet View PDF Economic and Investment Outlook View PDF

Portfolio management

W. Scott Priebe

Managing Principal,
Portfolio Manager
  • MBA, University of Chicago, 2007
  • BA, DePauw University, 2000
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Bill Priebe, CFA

Portfolio Manager
  • MBA, University of Chicago, 1975
  • MS, Northern Illinois University, 1967
  • BS, Northern Illinois University, 1964
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José Muñoz, CFA

Managing Principal,
Portfolio Manager
  • MBA, University of Chicago, 2018
  • BA, Marquette University, 2011
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Investment strategy and risk/disclaimers

The US Mid Cap Growth investment strategy seeks long-term capital appreciation by investing in stocks of medium capitalization companies. The market capitalization range for companies in this strategy is generally within the range of the Russell Midcap® Growth Index at the time the company is initially purchased in the strategy.

The performance benchmark for the US Mid Cap Growth strategy is the Russell Midcap® Growth Index. The US Mid Cap Growth strategy has historically outperformed its benchmark during broad-based bull markets and bear markets. The strategy will typically underperform on a relative basis in speculative markets, periods characterized as “low-quality.”

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The US Mid Cap Growth investment strategy seeks long-term capital appreciation by investing in stocks of medium capitalization companies. The market capitalization range for companies in this strategy is generally within the range of the Russell Midcap® Growth Index at the time the company is initially purchased in the strategy.

The performance benchmark for the US Mid Cap Growth strategy is the Russell Midcap® Growth Index. The US Mid Cap Growth strategy has historically outperformed its benchmark during broad-based bull markets and bear markets. The strategy will typically underperform on a relative basis in speculative markets, periods characterized as “low-quality.”

Investing in medium-sized companies may be riskier than investing in large companies for several reasons. Many medium-sized companies are young and have shorter track records, fewer product lines, limited markets for their products and limited financial resources. They may be more vulnerable to adverse business and economic conditions than large companies. Stock issued by medium-sized companies tends to be less liquid and more volatile than stocks of larger companies with greater resources and more diverse product lines, and more volatile than the market in general.

Past performance is not indicative of future results. Investments cannot be made in an index. Returns greater than one year are annualized. *This information is shown as supplemental information to the US Mid Cap Growth Composite Annual Disclosure Presentation shown on the back page.

Frank Russell Company is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. Frank Russell Company is not responsible for the formatting or configuration of this material or for any inaccuracy in Geneva’s presentation thereof. Sector weightings and holdings are subject to change.

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