Similar to the style of our All-Cap equity strategy, with the constraint that we focus on smaller companies. Kirr Marbach &Company, LLC generally owns 35 to 45 holdings at a time, with a targeted starting position size of 2 to 3%. Their low turnover approach means that their stock positions are given adequate time to work for their clients. While they take a bottom up approach, they do diversify among sectors. No position will exceed 6% of the portfolio value. Most stocks are below the upper threshold of the market capitalization range of the Russell 2000 at the time of purchase.