Performance
(as of 06/30/2021)
| As of 6/30/2021 | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception | Fact Sheet | Commentary | |
|---|---|---|---|---|---|---|---|---|---|---|
| Riverbridge Smid Cap Growth | Gross | 6.61% | 5.40% | 36.10% | 24.33% | 22.54% | 16.74% | 14.52% |  | |
| Net | 6.43% | 5.04% | 35.16% | 23.42% | 21.63% | 15.89% | 13.67% | |||
| Russell 2500™ Growth | 6.04% | 8.67% | 49.63% | 20.15% | 20.68% | 14.83% | 11.97% |
Periods greater than one year are annualized. Inception Date: 12/31/2006. The above information is supplemental to the GIPS® compliant presentation. Please refer to the GIPS Compliant Presentation and Riverbridge Disclosures.
Overview
The Riverbridge Smid Cap Growth Portfolio was established in 2006. It is a diversified growth stock portfolio invested in 40-55 companies of small to mid market capitalization sizes. Due to our long-term investment approach, turnover for the portfolio is low – averaging less than 20% annually. The portfolio is managed by the Riverbridge Investment Team utilizing our time-tested investment philosophy and disciplines.
Investment Philosophy
Riverbridge believes earnings power determines the value of a business, therefore we invest in high quality growth companies that possess the ability to build their earnings power at above-average rates for long periods of time. We define earnings power as companies achieving high returns on invested capital while possessing an enduring strategic advantage in their marketplace. We build portfolios by identifying and buying well-managed companies we believe can maintain consistent unit growth and strong free cash flow, allowing them to finance their growth using internally generated sources of capital.
Sector Weightings
(as of 06/30/2021)
Portfolio Facts
(as of 06/30/2021)
| Inception Year | 2006 |
| Number of Holdings | 49 |
| Wgt. Avg. Market Cap | $12.8 billion |
| 5-Year Turnover | 18.00% |
| Investment Vehicles | Separate Account, CIT |
Top 10 Holdings
(as of 06/30/2021)
| Five Below, Inc. | 3.56% |
| West Pharmaceutical Services, Inc. | 3.42% |
| ANSYS, Inc. | 3.41% |
| Globant SA | 3.37% |
| Tyler Technologies, Inc. | 3.34% |
| Bio-Techne Corporation | 3.32% |
| Kornit Digital Ltd. | 3.13% |
| Pegasystems Inc. | 2.99% |
| Fastenal Company | 2.91% |
| Ritchie Bros. Auctioneers Incorporated | 2.79% |
| TOTAL | 32.23% |
