Q4 2022 SMID Cap Value Commentary
The Snow SMID Cap Value strategy outpaced the benchmark by 336 basis points during the quarter, rallying 12.57% gross of fees (12.39% net of fees), while the Russell 2500 Value index gained only 9.21%. For the year, the strategy outperformed the benchmark by 608 basis points, returning -7.00% gross of fees (-7.61% net of fees), while the Russell 2500 Value declined -13.08%.
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