Investment Strategies

SMALL CAP VALUE    |    MID CAP VALUE    |    EQUITY INCOME    |    MULTI-CAP VALUE

Steven Roth, CFA

DCM Small Cap Value

The DCM Small Cap Value strategy utilizes a fundamental, bottom-up classic value approach. We seek to find high quality companies that are undervalued for transitory reasons. A unique advantage of our process is our proprietary calculation of normalized earnings, or what we believe a company is able to earn in a typical environment over a full business cycle looking out 3 to 5 years. The DCM Small Cap Value strategy emphasizes stocks with market capitalizations below $3.5 billion, and we typically maintain fully invested portfolios of 50 to 80 securities.

  • Mutual Fund Available: Yes (DASCX)
  • Separate Account Available: Yes

BENCHMARK: Russell 2000 Value Index

PORTFOLIO MANAGER: Steven D. Roth, CFA

INCEPTION: June 30, 2008

3Q17 FACT SHEET3Q17 COMMENTARY
 

DCM Mid Cap Value

The DCM Mid Cap Value strategy utilizes a fundamental, bottom-up classic value approach. We seek to find high quality companies that are undervalued for transitory reasons. A unique advantage of our process is our proprietary calculation of normalized earnings, or what we believe a company is able to earn in a typical environment over a full business cycle looking out 3 to 5 years. The DCM Mid Cap Value strategy emphasizes stocks with market capitalizations between $2 billion and $20 billion, and we typically maintain fully invested portfolios of 40 to 60 securities.

  • Mutual Fund Available: Yes (DALCX)
  • Separate Account Available: Yes
Douglas Leach, CFA

BENCHMARK: Russell Mid Cap Value Index

PORTFOLIO MANAGER: Douglas A. Leach, CFA

INCEPTION: June 30, 2008

Kevin Laub, CFA

DCM Equity Income

DCM Equity Income is an income-oriented, traditional value strategy. The portfolio objectives are to seek long-term capital growth and a high level of dividend income primarily through investments in common stocks. This strategy offers a conservative, value oriented option for pursuing long-term capital growth along with higher levels of dividend income. Stocks are chiefly selected for the size, expected safety and potential growth of their dividends, so that during a market downturn the portfolio’s dividend income would be less likely to be materially affected. The steady flow of dividends is expected to create a cushion in down markets while allowing the principal to grow during times of economic expansion.

  • Mutual Fund Available: No
  • Separate Account Available: Yes

BENCHMARK: Russell 3000 Value Index

PORTFOLIO MANAGER: Kevin E. Laub, CFA

INCEPTION: January 1, 2011

DCM Multi-Cap Value

The DCM Multi-Cap Value strategy utilizes a fundamental, bottom-up classic value approach. We seek to find high quality companies that are undervalued for transitory reasons. A unique advantage of our process is our proprietary calculation of normalized earnings, or what we believe a company is able to earn in a typical environment over a full business cycle looking out 3 to 5 years. The DCM Multi-Cap Value strategy has the flexibility to invest across the market capitalization spectrum, and we typically maintain fully invested portfolios of 40 to 60 securities.

  • Mutual Fund Available: No
  • Separate Account Available: Yes
Douglas Leach and Kevin Laub, CFAs

BENCHMARK: Russell 3000 Value Index

PORTFOLIO MANAGERS: Kevin E. Laub, CFA & Douglas A. Leach, CFA

INCEPTION: June 30, 2008