THE RANGER SMALL CAP GROWTH STRATEGY seeks long-term capital appreciation by investing in growth-oriented U.S. public equities of small capitalization companies. The strategy further seeks to capture and compound returns, manage risk and preserve capital by employing a disciplined, consistent approach to security selection, risk mitigation and ESG integration. 

Strategy Overview

As of December 31, 2020



Asset Class

U.S. Small Cap Equity

Benchmark Index

Russell 2000 Growth

Investment Approach

Original Research

Strategy Inception Date

July 1, 2003

Vehicles Available

Managed Account, Limited Partnership, Mutual Fund

Client Type

97% Institutional

ESG Integration

PRI, ISG Signatories

Firm Assets

$1.9 Billion

Strategy Assets

$1.7 Billion

Wtd Avg Market Cap

$4.0 Billion

Median Market Cap

$3.4 Billion

Number of Holdings

48

Active Management

92%
Active Share

Concentrated Portfolio

40 – 60
Holdings

Downside Capture Ratio

88%
Trailing 5 Yrs



Asset Class

U.S. Small Cap Equity

Benchmark Index

Russell 2000 Growth

Investment Approach

Original Research

Strategy Inception Date

July 1, 2003

Vehicles Available

Managed Account, Limited Partnership, Mutual Fund

Client Type

97% Institutional

ESG Integration

PRI, ISG Signatories

Firm Assets

$1.9 Billion

Strategy Assets

$1.7 Billion

Wtd Avg Market Cap

$4.0 Billion

Median Market Cap

$3.4 Billion

Number of Holdings

48

Active Management

92%
Active Share

Concentrated Portfolio

40 – 60
Holdings

Downside Capture Ratio

88%
Trailing 5 Yrs

The above information is current as of 12/31/2020 and should not be relied upon as the sole factor in an investment making decision and is subject to change at any time due to changes in market or economic conditions. Please obtain and review all financial material carefully before investing.

Performance

As of January 31, 2020

MTD

QTD

YTD

1 Yr*

3 Yr*

5 Yr*

10 Yr*

Since Inception*

Ranger Small Cap Growth Composite (Gross)

-0.3%

-0.3%

-0.3%

31.9%

17.3%

19.9%

14.7%

12.9%

Ranger Small Cap Growth Composite (Net)

-0.4%

-0.4%

-0.4%

30.6%

16.1%

18.7%

13.6%

11.8%

Russell 2000 Growth Index

4.8%

4.8%

4.8%

42.7%

16.5%

20.2%

14.1%

11.8%

Russell 2000 Index

5.0%

5.0%

5.0%

30.2%

11.1%

16.5%

11.8%

10.6%

S&P 500 Index

-1.0%

-1.0%

-1.0%

17.2%

11.7%

16.2%

13.5%

10.1%

MTD

QTD

YTD

1 Yr*

3 Yr*

5 Yr*

10 Yr*

Since Inception*

Ranger Small Cap Growth Composite (Gross)

-0.3%

-0.3%

-0.3%

31.9%

17.3%

19.9%

14.7%

12.9%

Ranger Small Cap Growth Composite (Net)

-0.4%

-0.4%

-0.4%

30.6%

16.1%

18.7%

13.6%

11.8%

Russell 2000 Growth Index

4.8%

4.8%

4.8%

42.7%

16.5%

20.2%

14.1%

11.8%

Russell 2000 Index

5.0%

5.0%

5.0%

30.2%

11.1%

16.5%

11.8%

10.6%

S&P 500 Index

-1.0%

-1.0%

-1.0%

17.2%

11.7%

16.2%

13.5%

10.1%

*The inception date for the Ranger Small Cap Growth Strategy is July 1, 2003. Performance periods longer than one year are annualized.
The performance returns presented above represent the gross and net of fees results of the Ranger Small Cap Composite (the “Composite”) and should be read in conjunction with the Composite’s GIPS disclosure presentation, which may be obtained by clicking here. Gross returns are displayed on an investment-level basis and do not represent the returns of the Composite itself. Net returns are displayed by deducting estimated fees and expenses charged to the Composite which are believed to be reasonable estimates of such fees. Ranger Investment Management, LP (“Ranger”) manages the accounts in the Composite, which is comprised of institutional separately managed accounts as well as public and private pooled investment vehicles.

Past performance is not a reliable indicator of future performance and the Funds may not achieve the same level of returns as those achieved by previous investments and actual results may be material and adverse. Holdings related information contained herein are for illustration purposes only.

Portfolio Weightings

As of December 31, 2020

Ranger Small Cap Growth

Russell 2000 Growth Index

Technology

28.5%

18.4%

Healthcare

25.7%

33.9%

Industrials

24.1%

14.1%

Consumer Discretionary

10.7%

14.1%

Financials

4.5%

4.1%

Consumer Staples

2.4%

3%

Basic Materials

2.1%

2.3%

Energy

0.4%

1.6%

Real Estate

0.0%

3.4%

Telecommunications

0.0%

2.2%

Utilities

0.0%

2.8%

Cash

1.6%

0.0%

Ranger Small Cap Growth

Russell 2000 Growth Index

Technology

28.5%

18.4%

Healthcare

25.7%

33.9%

Industrials

24.1%

14.1%

Consumer Discretionary

10.7%

14.1%

Financials

4.5%

4.1%

Consumer Staples

2.4%

3.0%

Basic Materials

2.1%

2.3%

Energy

0.4%

1.6%

Real Estate

0.0%

3.4%

Telecommunications

0.0%

2.2%

Utilities

0.0%

2.8%

Cash

1.6%

0.0%

Top 10 Holdings

As of December 31, 2020

Security Name

Weight

Magnite, Inc.

6.6%

BioLife Solutions, Inc.

5.9%

Fulgent Genetics, Inc.

4.0%

Simulations Plus, Inc.

3.6%

America's Car-Mart, Inc.

3.2%

NAPCO Security Technologies, Inc.

3.1%

Green Brick Partners, Inc.

3.0%

Avid Bioservices, Inc.

3.0%

Zix Corporation

3.0%

Mesa Laboratories, Inc.

2.9%

34.6% 
of the total portfolio

Portfolio Characteristics

As of December 31, 2020

Ranger Small Cap Growth

Russell 2000 Growth Index

Wtd. Avg. Market Cap

$4.0 billion

$4.0 billion

Median Market Cap

$3.4 billion

$1.2 billion

Historical Earnings Growth (5 Yr)

14.2%

14.5%

Forecasted Earnings Growth (5 Yr)

16.0%

18.6%

Debt-to-Capitalization

40.5%

39.3%

Return on Equity (5 Yr)

10.3%

31.5%

Current P/E

127.5

1,585.8

Forward P/E

44.4

25.3

P/E to Long-Term Growth

2.8

1.4

P/E to Current Growth

1.1

1.3

Price-to-Sales

3.9

2.8

Ranger Small Cap Growth

Russell 2000 Growth Index

Wtd. Avg. Market Cap

$4.0 Billion

$4.0 Billion

Median Market Cap

$3.4 Billion

$1.2 Billion

Historical Earnings Growth (5 Yr)

14.2%

14.5%

Forecasted Earnings Growth (5 Yr)

16.0%

18.6%

Debt-to-Capitalization

40.5%

39.3%

Return on Equity (5 Yr)

10.3%

31.5%

Current P/E

127.5

1,585.8

Forward P/E

44.4

25.3

P/E to Long-Term Growth

2.8

1.4

P/E to Current Growth

1.1

1.3

Price-to-Sales

3.9

2.8

This information is for illustrative purposes only and should not be considered investment advice or a recommendation to purchase or sell any specific security or invest in a specific strategy. It should not be solely relied upon in making a decision to invest in this product. Portfolio Characteristics and holdings information presented above may or may not be representative of current and/or future portfolio holdings and is subject to change without notice. A complete list of holdings as of the previous quarter end may be obtained by contacting Ranger at (214) 871-5262 or at info@rangerinvestments.com. There is no guarantee, and it should not be assumed, that future portfolio characteristics will conform.