Description of Advisory Firm
EAM Investors, LLC, (“EAM,” “we,” “our” or “us”) is a majority-employee-owned investment firm
headquartered in Solana Beach, California. EAM is an investment adviser registered with the U.S.
Securities and Exchange Commission under the Investment Advisers Act of 1940. Our focus is managing
public equity growth investment strategies. We employ the firm’s Informed Momentum™ process
across all our investment products.
The firm was founded in August 2007 by Travis T. Prentice, Montie L. Weisenberger, and Joshua M.
Moss. EAM employees own 56% of EAM. Byron C. Roth, through majority ownership of CR Financial
Holdings, Inc. and its wholly owned subsidiary WACO Limited, LLC, indirectly owns a 44% interest in the
firm.
Advisory Services Offered
Investment Management Services
EAM offers investment management and supervisory services on a discretionary basis. We provide
investment management services to managed accounts. Client assets are invested and continuously
managed based on a “model” account of securities that pertains to the investment style(s) selected by
the client and the client’s investment objectives and restrictions. EAM offers the following investment
styles:
US Small Cap --seeks capital appreciation by investing in companies that correspond to the market
values within the range of the Russell 2000 Growth Index.
US Micro Cap --seeks capital appreciation by investing in companies that correspond to the market
values within the range of the Russell Micro Cap Growth Index.
US Ultra Micro Cap --seeks capital appreciation by investing in companies whose market values
correspond to the bottom half of the Russell Micro Cap Growth Index.
The following are definitions for each index listed above:
Russell 2000 Growth Index measures the performance of those Russell 2000 Index companies with
higher price-to-book ratios and higher forecasted growth values.
Russell Micro Cap Growth Index measures the performance of those Russell Micro Cap Index companies
with higher price-to-book ratios and higher forecasted growth values.
EAM may offer investment advice on any investment held by the client at the start of the advisory
relationship. New investments purchased for clients will typically include:
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• Equity securities, including common stocks, exchange traded funds (ETFs), index funds, and real
estate investment trusts (REITs)
• Investments in foreign issuers of equity securities
• Master limited partnerships (MLPs), which may trade on a public exchange or in the over-the-
counter market.
We describe our investment strategies and the material investment risks for many of the securities that
we recommend under Item 8 – Methods of Analysis, Investment
Strategies and Risk of Loss, below.
EAM may also occasionally offer advice regarding additional types of investments or strategies if they
are appropriate to address the individual needs, goals, and objectives of the client or in response to
client inquiry.
We discuss our discretionary authority below under Item 16 - Investment Discretion. For more
information about the restrictions clients can put on their accounts, see Tailored Services and Client
Imposed Restrictions in this item below.
We describe the fees charged for investment management services below under Item 5 - Fees and
Compensation.
Services to Registered Investment Companies
EAM provides investment advisory services to registered investment companies (mutual funds). EAM
will enter into a written agreement which outlines the services we will perform for each mutual fund.
EAM currently acts as a sub-adviser to the BNY Select Managers Small Cap Growth Fund, the SEI
Institutional Investments Trust Small Cap Fund, the SEI Institutional Investments Trust Small Cap II Fund,
the SEI Institutional Managed Trust Small Cap Fund, and the SEI Institutional Managed Trust Small Cap
Growth Fund.
EAM does not purchase or recommend these funds for other investment management clients.
Tailored Services and Client Imposed Restrictions
EAM manages client accounts based on the investment strategy the client chooses, as discussed below
under Item 8 – Methods of Analysis, Investment Strategies, and Risk of Loss. EAM applies the strategy
for each client, based on the client’s individual circumstances and financial situation. We make
investment decisions for clients based on information the client supplies about their financial situation,
goals, and risk tolerance. Our recommendations may be limited if the client does not provide us with
accurate and complete information. It is the client’s responsibility to keep EAM informed of any changes
to their investment objectives or restrictions.
Clients may also request other restrictions on the account, such as when a client does not want to own
greater than a specific percentage of the outstanding securities of any one company, needs to keep a
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minimum level of cash in the account or does not want EAM to buy or sell certain specific securities or
security types in the account. EAM reserves the right to not accept and/or terminate management of a
client’s account if we feel that the client-imposed restrictions would limit or prevent us from meeting or
maintaining the client’s investment strategy.
Assets Under Management
EAM manages client assets in discretionary accounts on a continuous and regular basis. As of
12/31/2023, the total amount of assets under our management was $932,639,270.