Aristotle Capital Boston Small/Mid Cap Equity Strategy’s Q2 2023 Investor Letter

Aristotle Capital Boston, LLC, an investment advisor, released its “Small/Mid Cap Equity Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, Aristotle Small/Mid Cap Equity Composite delivered a return of 1.04% net of fees (1.18% gross of fees), trailing the Russell 2500 Index’s 5.22% total return. Security selection drove the fund to underperform in the quarter while, allocation effects positively contributed. Security selection was weakest within the Information Technology and Health Care sectors and strongest in Communication Services and Energy. In terms of allocation, an overweight exposure to Industrials contributed to relative returns but an overweight in Energy partially countered this. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.