Small Cap/SMID – Opportunistic SMID Cap Value

*Composite inception date is 9/30/2014
N.R. – Not Required

June 30, 2024

The end result of the investment process is a portfolio comprised of companies with solid growth prospects trading at compelling valuation levels.

Opportunistic Small-Mid Cap Value contains fully discretionary accounts that are comprised of around 50-100 securities that typically have capitalizations between $250M and $10B. For comparison purposes the composite is measured against the Russell 2500 Value Index. Cornerstone Investment Partners is an independent, employee-owned investment advisory firm.  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 was calculated using actual management fees. For non-fee-paying accounts, a model fee based on the standard investment advisory schedule was applied. The Opportunistic Small-Mid Cap Value composite was incepted on September 30, 2014 and was created in August 2015. N.A.* The annual composite dispersion is an asset-weighted standard deviation calculated for the accounts in the composite for the entire year. This is not shown when there are 5 or fewer accounts in the composite for the entire year as it is not statistically meaningful. Cornerstone Investment Partners claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Cornerstone Investment Partners has been independently verified for the periods September 30, 2001 thru December 31, 2023.  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 Opportunistic Small-Mid Cap Value composite has had a performance examination for the periods September 30, 2014 thru December 31, 2023.  The verification and performance examination reports are available upon request.  Benchmark returns are not covered by the report of independent verifiers. Policies for valuing investments, calculating performance, and preparing GIPS Reports are available upon request.To receive a list of composite descriptions and/or additional information, contact Cornerstone Investment Partners at 3438 Peachtree Rd, NE; Suite 900; Atlanta, GA 30326, 404-751-3850 or marketing@cornerstone-ip.com. The general fee schedule for accounts is as follows: 0.90% on the first $10,000,000; 0.75% on the next $40,000,000 and 0.50% on the balance. Actual investment advisory fees incurred by clients may vary.  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. Due to the marketing rule that went into effect on 11/4/22, the net returns were updated to comply with this regulation.  Additional information is available upon request.