Small Cap stocks are generally the stocks of companies that have total market capitalization up to $2 billion. Small Cap Value stocks are those Small Cap stocks that are, or appear to be, undervalued relative to their values implied by their business fundamentals. Phocas measures these valuations using metrics like price-to-earnings and price-to-book ratios. Recently, the average and median market capitalizations of the stocks in the Phocas Small Cap Value portfolio were some $700 million and $1 billion, respectively.

Successful Small Cap Value investing requires extensive knowledge of Small Cap Value management teams, investor expectations, effective deployment of capital, and a thorough knowledge and understanding of the world of equity investing.

Phocas Financial's team of investment managers has over 80 years of collective experience analyzing value equities. We have the knowledge and tools necessary to build and manage diversified Small Cap Value equities portfolios that deliver long-term value with moderate risk.