Portfolio Construction

We construct portfolios using an optimization routine designed to maximize the weight of stocks with the most desirable characteristics, as determined by our team. Only stocks held within the identified benchmark are considered for inclusion.

Portfolio Characteristics

Inception DateOctober 1, 2006
Assets Under Management (in millions)$136.10
Investment StyleCore
BenchmarkRussell MidCap® Index

Portfolio Statistics as of 12/31/19

Mid Cap CoreRussell MidCap® Index
Weighted-Average Market Capitalization ($ Bil)$17.1$17.6
Indicated Yield2.2%2.3%
Trailing P/E Ratio19.5x20.8x
Forward P/E Ratio18.1x18.4x
P/B Ratio2.9x2.7x

Sector Diversification as of 12/31/19

Mid Cap CoreRussell MidCap® Index
Communication Services1.604.30
Consumer Discretionary9.9011.40
Consumer Staples3.804.10
Energy4.803.90
Financials13.4012.90
Healthcare8.0010.20
Industrials11.7013.90
Information Technology15.4018.00
Materials4.305.10
Real Estate9.009.50
Utilities5.006.80
Cash13.200.00

Top 10 Holdings as of 12/31/19

Lam Research Corp.2.2%
Fiserv Inc.2.1%
Hilton Worldwide Holdings2.0%
Cadence Design Systems1.9%
Verisign, Inc.1.9%
Fortinet1.7%
CDW Corp1.5%
Cintas Corporation1.4%
MSCI1.4%
Global Payments1.3%