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Asset Class / Style:
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U.S. Equity / Core
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Market Capitalization:
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Large Cap
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Benchmark:
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Russell 1000® Index
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Portfolio Assets:
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$3 MM as of 6/30/2010
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Overview |
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The TS&W Large Cap 130/30 strategy's objective is to consistently achieve positive relative returns versus the Russell 1000® Index. In pursuing this goal, the strategy takes both long and short positions in publicly traded equity securities diversified across a variety of sectors with limited net exposure to any one sector and diversified across market capitalization with limited net exposure to any market capitalization range. The strategy invests approximately 110% to 140% in long equity positions and approximately 10% to 40% in short equity positions and maintains approximately 100% market exposure. The long portion is expected to usually consist of 55 to 85 positions, with no position greater than 6% at cost, while the short portion of is expected to usually consist of 30 to 60 positions with no position greater than 1.5% at cost. The portfolio is generally diversified across a variety of sectors with a +/- 10% sector constraint relative to the Russell 1000® Index.
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Top Holdings*
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As of 6/30/2010
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ITT Corp.
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3.4%
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International Business Machines Corp.
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2.9%
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Siemens AG
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2.9%
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Cisco Systems Inc.
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2.9%
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General Electric Co.
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2.6%
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Willis Group Holdings PLC
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2.6%
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Occidental Petroleum Corp.
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2.5%
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Foster Wheeler AG
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2.4%
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JPMorgan Chase & Co.
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2.3%
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Norfolk Southern Corp.
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2.3%
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Sector Weightings*
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As of 6/30/2010
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Producer Durables
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19.2%
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Technology
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18.9%
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Consumer Discretionary
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14.2%
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Financial Services
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13.3%
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Health Care
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10.2%
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Energy
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9.8%
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Utilities
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5.9%
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Consumer Staples
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4.3%
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Materials & Processing
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4.3%
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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 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.
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