Stephens Investment Management Group

Stephens Small-Mid Cap Select Growth Strategy

Stephens Small-Mid Cap Select Growth Strategy


Stephens Small-Mid Cap Select Growth Strategy (Inception 09/1/2011)

Month-End as of 9/30/2021:

Performance Since Inception
Annualized Cumulative
Gross-2.82%9.42%34.02%18.33%22.27% 18.82%17.52% 409.84%
Net-2.84%9.19%33.63%17.98%21.93% 18.43%
Russell 2500® Growth Index -3.80% 4.84% 31.98% 15.99% 18.20% 17.19% 15.71%335.84%
YearTotalStrategy AssetsComposite AssetsAnnual Performance Results3 Yr Annualized Standard Deviation
Firm Assets (millions) USD (millions) No. of Accounts USD (millions) No. of Accounts Composite Russell 2500® Growth Composite Dispersion Composite Gross Russell 2500® Growth
Gross Net
2020 6,916 3,890 6 3,890 6 44.60% 44.15% 40.47% N.A. 23.43% 23.93%
2019 5,416 3,064 5 3,064 5 30.43% 30.05% 32.65% N.A. 15.55% 15.85%
2018 4,301 2,408 5 2,408 5 6.62% 6.34% -7.47% N.A. 15.65% 15.33%
2017 4,442 2,243 3 2,243 3 25.05% 24.75% 24.46% N.A 12.52% 13.04%
2016 3,644 1,554 3 1,554
3 9.43% 9.19% 9.73% N.A. 14.74% 14.67%
2015 2,897 1,109 3 1,109 3 -0.86% -1.11% -0.19% N.A. 13.52% 13.29%
2014 3,430 1,043 2 1,043
2 0.11%
-0.16% 7.05% N.A. 12.63% 12.54%
2013 3,054 534 2 534 2 42.40% 41.39% 40.65% N.A. N.A. N.A.
2012 1,222 28 2 28 2 17.91% 17.33% 16.13% N.A. N.A. N.A.
933 22 1 22 1 1.60%** 1.56%** 1.16%** N.A. N.A. N.A.

N.A. – Composite Dispersion information is not statistically meaningful due to an insufficient number of portfolios in the composite for the entire year. Information for the 3-Yr Annualized Standard Deviation is not presented because there is less than 36 months of performance data.

Small and Mid Cap Select Growth Separate Account Composite contains fully discretionary accounts invested primarily in small cap and mid-cap common stock of U.S. companies. Under normal market conditions, most of the securities purchased for this composite have market capitalizations equal to or less than the largest company contained within the Russell 2500® Growth Index at the time the security was initially purchased by accounts in the composite and are securities of companies which appear to have clear indicators of future earnings growth or that appear to demonstrate other potential for growth of capital. In addition to common stock the composite may also purchase convertible and preferred stock as well as certain Exchange Traded Funds. This composite is actively managed and securities in the composite are frequently purchased and sold by the manager. For comparison purposes the composite is measured against the Russell 2500® Growth Index.

Stephens Investment Management Group, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Stephens Investment Management Group has been independently verified for the periods December 1, 2005 through December 31, 2020. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm's policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. The Small and Mid Cap Select Growth Separate Account Composite has had a performance examination for the periods September 1, 2011 through December 31, 2020. The verification and performance examination reports are available upon request.

GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Stephens Investment Management Group, LLC is a registered investment advisor specializing in equity investment management, specifically small and mid-capitalization growth companies.

Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results.

The U.S. Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income. Net of fee performance is calculated using actual management fees and performance fees incurred. Policies for valuing investments, calculating performance, and preparing GIPS Reports are available upon request.

The management fee schedule begins at 1.10% of assets under management. Management Fees vary depending on the nature of the services rendered and other factors. Actual investment advisory fees incurred by clients vary. This composite includes two accounts in which we sub-advise a portion of a mutual fund. One of these accounts has a performance-based component known as a "fulcrum fee." The fulcrum fee modifies the base fee in a symmetrical manner, adding to our base fee in periods of outperformance and reducing our base fee in periods of underperformance. It is asset-weighted and based on our performance relative to our benchmark over the trailing 60-month period, calculated after accounting for base fees and after an allocation of the fund's expenses. At its maximum, the fulcrum fee can add or subtract up to 30% of the base fee.

The Small and Mid Cap Select Growth Separate Account Composite creation and inception dates are September 1, 2011.

Orders for certain accounts in the Composite are directed and do not pay commission charges. Assets in these accounts are 0.34% of total composite assets as of December 31, 2020.

The annual composite dispersion is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. The three-year annualized ex-post standard deviation of the composite and annual composite dispersion are calculated using gross-of-fees returns.

Firm AUM does not include accrued dividends.

A list of composite descriptions, a list of limited distribution pooled fund descriptions and a list of broad distribution pooled funds are available upon request.

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