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 June 30, 2019
Sector Weights
CharacteristicsStrategyMSCI ACWI
Strategy Assets ($ Million)41.16-
Number of Holdings571411
Beta*0.741.00
Standard Deviation* (%)9.2911.31
Market Cap. ($ Billion)69.4559.42
Price to Trailing Earnings20.6419.85
Price to Cash Flow14.8015.52
Price to Book4.083.32
Enterprise Value to Sales3.833.59
Debt as % of Assets31.3526.51
Dividend Yield (%)**3.142.45
Return on Equity (%)19.6216.43
* Beta & Standard Deviation 36 months
** Dividend yield weighted average, all other data weighted median
Top 10 HoldingsTickerWeight
FORTIS INCFTS1.78%
GRUPO AEROPORTUARIO PAC-ADRPAC1.78%
PUBLIC STORAGEPSA1.78%
MERCK & CO. INC.MRK1.77%
ORANGE-SPON ADRORAN1.77%
CHUBB LTDCB1.77%
SANOFI-ADRSNY1.77%
BRISTOL-MYERS SQUIBB COBMY1.77%
TC ENERGY CORPTRP1.76%
TELEFONICA SA-SPON ADRTEF1.76%
Risk Statistics
Since Inception (March 01, 2012) Risk StatisticsStrategyMSCI ACWI
Annualized Return12.16%9.28%
Annualized Standard Deviation8.72%11.36%
Return/Risk1.390.82
Tracking Error6.37%-
R-Squared69.00%-
Alpha5.82%-
Beta0.64-
Total Returns As Of June 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 Q2 2019
Commentary
Global Equity Commentary
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