Aug. 25, 2003 — The Boston Partners Small Cap Value II/Invest (BPSCX), which has posted strong returns this year, will close to new investors on Friday.
The closing is intended to keep the fund’s assets from reaching a level where they may hurt the fund’s performance, Boston Partners Funds said.
The fund, which had $229 million in assets at the end of last month, was up 29.2% this year through July, compared to gains of 19.7% by the average small-cap value fund, and 22.3% by the Russell 2000 Value index.
For the five years ended in July, the Boston Partners fund returned an average annualized 16.6%, versus 7.7% for its peers, and 7.8% for the index.
The portfolio is ranked 5 Stars by Standard & Poor’s.