Portfolio Construction

Portfolios are constructed via an optimization routine. The routine's goal is to maximize the portfolio's weighting towards those stocks that possess what we consider desirable characteristics while reducing the weight of stocks that have what we believe are less desirable characteristics.

Portfolio Characteristics

Inception DateOctober 1, 2006
Assets Under Management (in millions)$167.70
Investment StyleCore
BenchmarkRussell 1000® Index

Portfolio Statistics as of 9/30/20

Large Cap Core QuantitativeRussell 1000® Index
Weighted-Average Market Capitalization ($ Bil)$457.7$408.0
Indicated Yield2.3%2.3%
Trailing P/E Ratio21.5x23.0x
Forward P/E Ratio20.3x21.9x
Price/Book Ratio3.8x3.7x

Sector Diversification as of 9/30/20

Large Cap Core QuantitativeRussell 1000® Index
Communication Services9.4010.30
Consumer Discretionary10.2012.30
Consumer Staples5.506.50
Energy1.401.90
Financials12.209.60
Healthcare18.3014.10
Industrials5.008.70
Information Technology31.2028.00
Materials0.802.70
Real Estate2.803.10
Utilities2.302.80
Cash1.000.00

Top 10 Holdings as of 9/30/20

Apple, Inc6.9%
Microsoft Corp6.1%
Amazon4.3%
Facebook, Inc.2.8%
Merck & Co.1.8%
LAM Research Corp1.7%
Johnson & Johnson1.7%
United Health Group Inc1.6%
Adobe Inc1.5%
S&P Global Inc1.5%