Lyons Fundamental Small Cap Value Strategy

Lyons Fundamental Small Cap Value Fund

Long term growth of capital through buying undervalued companies with improving business prospects.

Strategy Overview

Managed by our affiliate Lyons Investment Management, the US Small Cap Value strategy consists of a diversified portfolio of small cap value stocks traded on US stock exchanges. We utilize our Fundamental Process, including our proprietary GRAPES valuation model, to screen the universe of mid, small and micro-cap companies in order to find attractive candidates. We are typically looking for companies with strong current operating results and conservative balance sheets which are trading at discounted prices.

Fact Sheet Q3 2023

General Information

Benchmark	Russell 2000
Account Type	Separately Managed Accounts
Minimum Investment	$100,000
Inception Date	January 1, 2001
E-mail	mzavanelli@lyonsinvest.com
Location	Winter Park, Florida, United States
Phone	407-951-8710
Website	www.LyonsWealth.com

Strategy Statistics

Number of Holdings	55
Mkt Cap Mill. (Avg)	$2,357
P/E (TTM)	9.2
P/B	1.7
ROE (Median)	18.6%
Location	Winter Park, Florida, United States
Phone	407-951-8710
Website	www.LyonsWealth.com

Fund Manager

Mark Zavanelli, CFA
President & CIO, Lyons Investment Management

Mark is a Chartered Financial Analyst with over 25 years of experience as an investment professional, specializing in quantitatively based investment strategies. He joined Great Northern Capital (d.b.a. Lyons Investment Management) as President in 2013. Previously, he served as President of ZPR Investment Management and as a Senior Portfolio Manager and Co-Team leader for the Main Street Team at Oppenheimer Funds. Mark received a B.S.E (Cum Laude) from the Wharton School at the University of Pennsylvania in 1992.