VL Capital Management 
Micro Cap U.S. Equity Strategy  

The VL Capital Micro Cap U.S. Equity Strategy actively invests in the common stock of micro-capitalization companies in the United States, which is defined as those having a market capitalizations of $50 million to $300 million. The Strategy makes security selections using a proprietary, rules-based model. The Micro Cap U.S. Equity Strategy is rebalanced on a discretionary basis.

  • Makes concentrated bets on a basket of micro capitalization U.S. stocks
  • More exposure to growth relative to large cap stocks

Performance 1

Oct-19 Nov-19 Dec-19 Jan-20 Since Inception
VL Capital -1.83% 5.12% 9.45% -1.25% 11.54%
iShares Russell Micro-Cap ETF 2 2.61% 4.60% 5.54% -4.62% 8.04%
Key Information

Benchmark 2 iShares Russell Micro-Cap ETF
Inception Date October 1, 2019
Custodian Interactive Brokers
Account Structure Separately Managed

Contact Us
(407) 412-6298
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1. All returns represent past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted above. Returns are representative of all fee-paying client accounts invested in the VL Capital Micro Cap U.S. Equity Strategy.
2. The iShares Micro-Cap ETF seeks to track the investment results of the Russell Microcap Index (the “Index”), which measures the performance of the microcap sector of the U.S. equity market, as defined by FTSE Russell (“Russell”). The Index is a float-adjusted capitalization-weighted index and includes equity securities issued by issuers with total market capitalizations ranging from approximately $4 million to $4.6 billion, although this range may change from time to time. The Index consists of approximately the 1,000 smallest issuers in the Russell 3000® Index plus the next 1,000 smallest issuers in the equity universe as determined by Russell. As of March 31, 2019, a significant portion of the Index is represented by securities of companies in the financials and healthcare industries or sectors. The components of the Index are likely to change over time.