SMID Cap Core Equity Strategy 

Quality is the foundation of the Johnson Asset Management investment approach – we believe that high-quality companies will outperform over the long run.  The SMID Cap Core Equity strategy is comprised of high-quality small and mid cap stocks with favorable valuation and momentum characteristics.  The team performs fundamental bottom-up research aided by a proprietary quantitative assessment to construct a portfolio that seeks to consistently outperform its benchmark over a full market cycle with downside protection and reduced volatility.

Decoration

The Johnson SMID Cap Core Equity strategy seeks to consistently outperform the Russell 2500 Index over a full market cycle with downside protection and reduced volatility.  We utilize a disciplined portfolio construction framework relying on fundamental bottom-up research aided by our proprietary quantitative assessment.

Historical evidence supports our belief that high-quality companies outperform over the long run with reduced volatility and greater downside protection in turbulent markets.  In addition, combining quality with valuation and momentum factors can improve investment results, leading to higher batting averages and superior risk-adjusted returns over time.  Finally, supporting our fundamental bottom-up research with quantitative analysis results in a more disciplined investment process, superior risk management, and more consistent performance.

Starting from a market cap range of $400M-$20B, our team constructs a diversified portfolio of 70-90 small & mid cap stocks utilizing a disciplined, multi-step investment process designed to manage risk and generate alpha.  With a focus on quality, our portfolio is expected to outperform the Russell 2500 over a full market cycle with downside protection and reduced volatility.

Fact Sheet
Commentary

Performance

Performance
All data as of 6/30/2024.

Portfolio Sector Weightings

Portfolio Sector Weightings
All data as of 6/30/2024. Source: SOURCE: INDEX DATA SOURCED FROM FACTSET

Top Ten Holdings

Top Ten Holdings
All data as of 6/30/2024. Source: Table Source: Model holdings are subject to change. There is no assurance that any of the securities shown still remain in the portfolio at the time you received this fact sheet. Actual holdings and percentage allocation in individual client portfolios may vary and are subject to change. The Top Ten Holdings, as well as the other data presented, are as of the period indicated, and should not be considered a recommendation to purchase, hold, or sell any particular security. It should not be assumed that any of the Top Ten Holdings were or will be profitable going forward.