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 December 31, 2019
Sector Weights
CharacteristicsStrategyMSCI ACWI
Strategy Assets ($ Million)40.90-
Number of Holdings502287
Beta*0.701.00
Standard Deviation* (%)8.7311.21
Market Cap. ($ Billion)88.1865.02
Price to Trailing Earnings23.8722.55
Price to Cash Flow16.2416.55
Price to Book4.123.49
Enterprise Value to Sales3.853.88
Debt as % of Assets30.0327.48
Dividend Yield (%)**2.722.38
Return on Equity (%)17.9515.92
* Beta & Standard Deviation 36 months
** Dividend yield weighted average, all other data weighted median
Top 10 HoldingsTickerWeight
ELI LILLY & COLLY2.33%
ENBRIDGE INCENB2.27%
GLAXOSMITHKLINE PLC-SPON ADRGSK2.19%
LANCASTER COLONY CORPLANC2.18%
NOVO-NORDISK A/S-SPONS ADRNVO2.17%
SAP SE-SPONSORED ADRSAP2.16%
MICROSOFT CORPMSFT2.15%
SANOFI-ADRSNY2.14%
T ROWE PRICE GROUP INCTROW2.13%
NOVARTIS AG-SPONSORED ADRNVS2.12%
Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Risk Statistics
Since Inception (March 01, 2012) Risk StatisticsStrategyMSCI ACWI
Annualized Return12.16%9.89%
Annualized Standard Deviation8.47%11.14%
Return/Risk1.440.89
Tracking Error6.36%-
R-Squared67.84%-
Alpha5.58%-
Beta0.63-
Total Returns As Of December 31, 2019
Inception Date: March 01, 2012
Strategy Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
2019201820172016201520142013
Strategy Gross of Fees25.21%-2.15%21.53%10.69%-0.26%16.32%20.81%
Strategy Net of Fees24.44%-2.79%20.75%10.69%-0.26%16.32%20.81%
MSCI ACWI27.29%-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
Quarterly Market Commentary Global Equity Commentary
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