Equity:

Large Cap Value

• 30 - 50 stocks with individual holdings typically in the 2% - 4% rangeMarket cap – median approximately $15 - $25 billion, ranging from $2 billion and above
• Diversified by industry and economic sector
• Low annual turnover – approximately 20% - 30%
• Price/earnings multiples generally at or below the market average
• Index Benchmark - Russell 1000 Value Index and the S&P 500 Index  

Mid Cap Value

• 30 - 50 stocks with individual holdings typically in the 3% - 5% range
• Market cap – median approximately $2.0 - $3.0 billion, most fall within a range of $500 million to $5 billion
• Diversified by industry and economic sector
• Annual turnover – approximately 20% - 30%
• Price/earnings multiples generally at or below the market average
• Index Benchmark - Russell Mid Cap Value Index

All Cap/Best Ideas Value

• 30 - 50 stocks with individual holdings typically in the 2% - 4% range
• Market cap – median approximately $5 - $10 billion, ranging from $500 million and above
• Diversified by industry and economic sector
• Annual turnover – approximately 20% - 30%
• Price/earnings multiples generally at or below the market average
• Index Benchmark - Russell 3000 Value Index

 

Balanced:

• Active asset allocation
• Fixed income is composed of Treasuries, Agencies, and high quality corporate issues

• Bond portion normally:

• Contains between 10 - 15 issues

• Has an average duration ranging from 3 – 7 years