Global Equity
Objective

The Global Equity Strategy seeks to outperform the MSCI ACWI Index over a market cycle, while reducing overall volatility.

Investment Strategy
Team
Portfolio Guidelines
Characteristics As Of September 30, 2019
Sector Weights
CharacteristicsStrategyMSCI ACWI
Strategy Assets ($ Million)40.80-
Number of Holdings561424
Beta*0.731.00
Standard Deviation* (%)9.0211.16
Market Cap. ($ Billion)74.4760.39
Price to Trailing Earnings21.2119.77
Price to Cash Flow14.4615.30
Price to Book3.873.23
Enterprise Value to Sales4.103.51
Debt as % of Assets30.7527.69
Dividend Yield (%)**3.042.51
Return on Equity (%)18.7416.36
* Beta & Standard Deviation 36 months
** Dividend yield weighted average, all other data weighted median
Top 10 HoldingsTickerWeight
NIKE INC -CL BNKE1.92%
SANOFI-ADRSNY1.88%
CHUBB LTDCB1.85%
BRISTOL-MYERS SQUIBB COBMY1.85%
TC ENERGY CORPTRP1.84%
WALMART INCWMT1.84%
ALGONQUIN POWER & UTILITIESAQN1.83%
ORANGE-SPON ADRORAN1.83%
FORTIS INCFTS1.83%
GLAXOSMITHKLINE PLC-SPON ADRGSK1.82%
Risk Statistics
Since Inception (March 01, 2012) Risk StatisticsStrategyMSCI ACWI
Annualized Return12.03%8.97%
Annualized Standard Deviation8.59%11.24%
Return/Risk1.400.80
Tracking Error6.34%-
R-Squared68.63%-
Alpha5.92%-
Beta0.63-
Total Returns As Of September 30, 2019
Inception Date: March 1, 2012
Strategy Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
201820172016201520142013
Strategy Gross of Fees-2.15%21.53%10.69%-0.26%16.32%20.81%
Strategy Net of Fees-2.79%20.75%10.69%-0.26%16.32%20.81%
MSCI ACWI-8.92%24.65%8.53%-1.80%4.75%23.49%

Compliance Statement

Performance numbers for the most recent period are preliminary and subject to change. Returns for periods of less than one year are not annualized. Past performance is not a reliable indicator of future performance and should not be relied upon to make investment decisions.

The benchmark is the MSCI ACWI. The MSCI All-Country World Index (ACWI)® is a free-float weighted equity index. It captures Large and Mid-Capitalization representation across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries.

You cannot invest directly in an index.

For a GIPS-compliant composite presentation, see this Fact Sheet:

Fact Sheets
Global Equity Q3 2019
Commentary
Global Equity Commentary
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