The KAR Small Cap Growth Fund has secured the #2 spot on Morningstar’s list of theTop 20 Small Cap Funds of the Decade.
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At KAR, we believe investing in small cap stocks offers unique opportunities outside the largest and most well-known companies. Because the small cap universe is both large and very diverse in quality, we believe active management is critical to investment outperformance as well as risk management. Our investment team focuses on the qualitative aspects of the companies in which we invest (e.g., durability of a company’s sustainable competitive advantage and management quality) rather than the pure quantitative outputs (e.g., specific targets for earnings or revenue), which we believe allows us to identify high quality companies with true competitive protections that will endure through a business cycle.
Learn more about our approach to small cap investing: KAR Strategies
Financial Planning’s rankings are based on data provided by Morningstar. All data is from Morningstar Direct and is current as of Feb. 12, 2024. Morningstar Rating™ for funds, or ‘star rating,’ is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. This is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effect of sales charges and loads.
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