Raleigh, NC – February 27, 2025 – Cardinal Capital Management, Inc. (Cardinal Capital) is proud to announce that its U.S. Small-Mid Cap Core strategy has achieved a remarkable dual victory, securing the prestigious 1-Star Top Gun designation from Zephyr in both the Small Cap Core and Small-Mid Cap Core categories for the quarter ending December 31, 2024. This recognition, featured in Zephyr’s highly regarded PSN Top Guns List, underscores Cardinal Capital’s exceptional performance and commitment to excellence in asset management.
“The final quarter of 2024 was marked by volatility and resilience,” said Nick Williams, PSN Product Manager at Zephyr. “Success in these markets demanded relentless effort, rigorous research, and disciplined execution. The PSN Top Guns List honors the top managers and teams whose expertise continues to drive the growth of separately managed accounts (SMAs) in today’s complex and evolving market conditions.”
Glenn C. Andrews, CFA, President and Chief Investment Officer at Cardinal Capital, remarked: “Earning the PSN Top Gun award in two distinct categories is a significant honor that reflects our dedication to delivering strong, consistent results for our clients. This achievement highlights the strength of our Small-Mid Cap Core strategy, which balances capital appreciation with risk management through a disciplined focus on diversification and high-quality investments.”
The U.S. Small-Mid Cap Core strategy seeks long-term capital appreciation by investing in U.S. companies with market capitalizations below $10 billion. Targeting firms with strong balance sheets, positive earnings, and attractive valuations, this portfolio aims to deliver consistent growth while mitigating risk.
Zephyr’s PSN Top Guns List is renowned for its rigorous evaluation process, which assesses investment strategies based on performance, consistency, and risk-adjusted returns. The Small-Mid Cap Core strategy’s dual recognition in the Small Cap Core and Small-Mid Cap Core categories showcases Cardinal Capital’s leadership in these investment universes.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/.
About Cardinal Capital Management, Inc.
Cardinal Capital Management Inc. is an independent registered investment management firm established in 1992, that manages equity, fixed income and balanced assets for their clients. The company’s clients include individuals, trusts, and foundations. Cardinal Capital Management claims compliance with the Global Investment Performance Standards (GIPS®). A complete list of composite descriptions and compliant presentations are available by calling (919) 532-7500 or contacting Wes Andrews at wandrews@cardinalcapitalmanagement.com. For more information, please visit http:// www.cardinalcapitalmanagement.com.
About Informa Investment Solutions
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to reach institutional and retail investors effectively. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database, showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges, and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data, Including Net and Gross-of-Fee Returns. PSN Mid-Year Outlook provides insight and trends about the SMA industry. You can view in online here
Visit PSN online to learn more.
Cardinal Capital Management Media Contact:
Wes Andrews
wandrews@cardinalcapitalmanagement.com
(800) 625-2335
Cardinal Capital Management Disclaimer
Performance results represent composite results for the Balanced strategy managed by Cardinal Capital Management, Inc. (“Cardinal”) during the corresponding time periods. The performance results reflect the reinvestment of dividends and other account earnings. They are net account transaction and custodial charges and Cardinal’s investment management fee except for those performance returns that are compared to other similarly benchmarked managers (for example, managers whose performance is compared to a blended benchmark comprised of 60% S&P 500 Composite Index and 40% Bloomberg Barclays Government Credit Index) in charts which results were prepared utilizing investment managers database and the PSN investment managers database which are reported gross of investment management fees, including Cardinal management fee- (see Gross of Fees disclosure below).
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable or equal to the Cardinal performance results or any corresponding historical benchmark index. The S&P 500 Composite Index (the “S&P) is a market capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market. Standard & Poor’s chooses the member companies for the S&P based on the market size, liquidity, and industry group representation. The common stocks of industrial, financial, utility, and transportation companies are included. The historical performance results of the S&P (and those of or all indices) do not reflect the deduction of transaction and custodial charges, nor the deduction of an investment management fee, the incurrence of which would have the effect of decreasing indicated historical performance results. The historical S&P performance results (and those of all other indices) are provided exclusively for comparison purposes only to provide general comparative information to assist an individual client or prospective client in determining whether the performance of a Cardinal portfolio meets, or continues to meet, his/her investment objective(s). It should not be assumed that Cardinal account holdings will correspond directly to the S&P or any other comparative index. The Cardinal performance results do not reflect the impact of taxes.
For reasons including variances in portfolio account holdings, variances in the investment management fee incurred, market fluctuation, the date on which a client engaged Cardinal’s investment management services, and account contributions or withdrawals, the performance of a specific client’s account may have varied substantially from the indicated Cardinal portfolio performance results. Cardinal Capital Management’s compliance with the GIPS standards has been verified for the period April 1, 2017, through June 30, 2024, by ACA Performance Services LLC and between the periods April 1, 1992, through March 31, 2017, by Ashland Partners & Company LLP. In addition, a performance examination was conducted on the Balanced composite beginning October 31, 1992, through September 30, 2019. A copy of the verification report is available upon request. Information pertaining to Cardinal’s advisory operations, services, and fees is outlined in Cardinal’s current disclosure statement, a copy of which is available from Cardinal upon request.
Gross of Fees (charts from PSN investment managers database) Comparative managers’ investment performance is shown in these charts gross of their management fees. Cardinal’s investment performance is shown gross of Cardinal’s investment management fees (as described in Cardinal’s written disclosure statement), the incurrence of which will have the effect of decreasing the composite performance results (for example, an advisory fee of 1% compounded over a 10-year period would reduce a 10% return to a 9% annual return).
