Investment Overview

The Eaton Vance Small/Mid-Cap Equity Strategy offers exposure to a broadly diversified portfolio of high quality, small- and mid-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 disctinct lines of responsibility
1Portfolio managers, analysts, and traders including US 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 holdings2
Quality/core bias
Expect resilience in down markets
Alpha driven by bottom-up stock selection
Clearly defined risk parameters
2The number of securities/holdings indicated is the current range typically associated with this type of account and will vary depending on account size, client parameters and market conditions prevailing at the time of investment.

Investment Team

Michael D. McLean, CFA

Portfolio manager, Consumer Discretionary & Consumer Staples

17 years of industry experience

17 years at Eaton Vance

BS, Providence College


J. Griffith Noble, CFA

Portfolio manager, Energy, Industrials & Materials

23 years of industry experience

7 years at Eaton Vance

BS, 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

BS, Walchand College (India)

MBA, Duke University


Andrew Valk, CFA

Utilities, 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

BS, Bentley University


 

Benchmark

Benchmark: Russell 2500™ Index