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Asset Class / Style:
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U.S. Equity / Value
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Market Capitalization:
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Small/Mid Cap
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Benchmark:
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Russell 2500™ Value Index
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Portfolio Assets:
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$1,177 MM as of 6/30/2010
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Overview |
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Domestic small / mid (SMID) capitalization portfolios are invested using a relative value investment style. A four-factor screen is used to narrow the large universe of stocks with market capitalizations between $100 million and $5 billion to a group of 400 companies that are most attractive in each of the 9 economic sectors of the Russell 2500™ Value Index. Fundamental analysis is then used to build a portfolio of approximately 85 small and mid capitalization stocks. The process employs a rigorous sell discipline. Sector weightings must be +/- 10% vs. the benchmark weightings (Russell 2500™ Value Index). The investment team employs a rigorous sell discipline. This product is closed to new investors.
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Top Holdings*
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As of 6/30/2010
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CMS Energy Corp.
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2.6%
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CenterPoint Energy Inc.
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2.6%
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MFA Financial Inc.
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2.4%
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Pinnacle West Capital Corp.
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2.4%
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OGE Energy Corp.
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2.3%
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Endo Pharmaceuticals Holdings Inc.
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2.2%
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Hewitt Associates Inc.
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2.2%
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Rayonier Inc. REIT
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2.1%
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Westar Energy Inc.
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2.1%
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HCC Insurance Holdings Inc.
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2.1%
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Sector Weightings*
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As of 6/30/2010
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Financial Services
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25.7%
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Consumer Discretionary
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15.3%
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Utilities
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14.7%
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Technology
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14.6%
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Health Care
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11.2%
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Producer Durables
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8.9%
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Materials & Processing
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4.4%
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Energy
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3.4%
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Consumer Staples
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1.8%
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* 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.
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Disclosure
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The time-weighted Gross and Net performance stated above, reflects the deduction of trading expenses and the reinvestment of dividends and other income, but does not make allowance for withholding taxes. Gross performance does not include the deduction of investment management fees. Net performance reflects investment management fees charged based on the standard fee schedule below applied to any non-fee paying portfolios in the composite and actual fees charged for fee paying portfolios in the composite. .The full disclosure statement is located at the top of the page in the "Additional Information" area.
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