Clifford Capital Partners

Small Cap Value Strategy

Offers exposure to US Value equities of small companies (by market capitalization). Small cap companies are attractive to many investors because they may hold significant growth potential not found in large and mid cap companies.

The Small Cap Value Strategy is characterized by:

• Risk Management — a high margin of safety for every holding at initial purchase

• Concentration — 20-35 small cap stock portfolio

• Diversification — a balance of Core Value and Deep Value holdings

• Bottom-up, fundamentals based investing

• Established track record