|
|
 |
 |
|
Asset Class / Style:
|
U.S. Equity / Value
|
|
|
|
Market Capitalization:
|
Small Cap
|
|
|
|
Benchmark 1:
|
Russell 2000® Value Index
|
|
|
|
Benchmark 2:
|
Russell 2000® Index
|
|
|
|
Portfolio Assets:
|
$1,980 MM as of 6/30/2010
|
|
|
|
|
|
Overview |
|
The small cap value process uses a combination of quantitative and qualitative methods to build a portfolio of securities designed to outperform both the Russell 2000® Value Index and, over longer periods of time, the Russell 2000® Index. Domestic small capitalization portfolios are invested using a relative value investment style. The quantitative four-factor screen is used to narrow a universe of +/- 2,500 stocks with market capitalizations under $2.3 billion to the 300 companies that are most attractive based on expected return. Fundamental analysis is then used to build a portfolio of approximately 85 small capitalization stocks. Sector weightings must be +/- 10% vs. the benchmark weightings (Russell 2000® Value Index). The investment team employs a rigorous sell discipline. This product is closed to new investors.
|
|
|
|
Top Holdings*
|
As of 6/30/2010
|
|
|
|
|
Andersons Inc.
|
|
1.9%
|
|
|
|
Omega Healthcare Investors Inc.
|
|
1.9%
|
|
|
|
SXC Health Solutions Corp.
|
|
1.7%
|
|
|
|
Carter's Inc.
|
|
1.7%
|
|
|
|
Syniverse Holdings Inc.
|
|
1.7%
|
|
|
|
Ocwen Financial Corp.
|
|
1.6%
|
|
|
|
TIBCO Software Inc.
|
|
1.6%
|
|
|
|
Chemed Corp.
|
|
1.6%
|
|
|
|
Atlas Air Worldwide Holdings
|
|
1.6%
|
|
|
|
Cleco Corp.
|
|
1.5%
|
|
|
|
|
|
Sector Weightings*
|
As of 6/30/2010
|
|
|
|
|
Financial Services
|
|
30.9%
|
|
|
|
Consumer Discretionary
|
|
15.5%
|
|
|
|
Producer Durables
|
|
13.9%
|
|
|
|
Technology
|
|
13.6%
|
|
|
|
Health Care
|
|
9.9%
|
|
|
|
Materials & Processing
|
|
8.8%
|
|
|
|
Energy
|
|
2.9%
|
|
|
|
Utilities
|
|
2.7%
|
|
|
|
Consumer Staples
|
|
1.7%
|
|
|
|
|
|
|
* The portfolio is actively managed and holdings are subject to change, and should not be considered as investment recommendations to buy individual securities. Sector weights might not add up to 100.0% due to rounding.
|
|
|
|
|
|
|
|
|
|
Disclosure
|
|
The time-weighted Gross and Net performance stated above reflect the deduction of brokerage commissions and the reinvestment of dividends and other income. Gross performance does not include the deduction of investment management fees. The full disclosure statement is located at the top of the page in the "Additional Information" area.
|
|
|
|
|
