U.S. Large Cap Equity
Objective

The U.S. Large Cap Equity Strategy seeks to outperform the S&P 500 Index over a market cycle, while reducing overall volatility.

Investment Strategy
Team
Portfolio Guidelines
Characteristics As Of June 30, 2019
Sector Weights
CharacteristicsStrategyS&P 500
Strategy Assets ($ Million)659.37-
Number of Holdings111506
Beta*0.881.00
Standard Deviation* (%)11.2712.19
Market Cap. ($ Billion)27.37118.60
Price to Trailing Earnings24.1921.58
Price to Cash Flow17.0816.91
Price to Book5.244.53
Enterprise Value to Sales3.694.03
Debt as % of Assets32.9029.44
Dividend Yield (%)**1.921.87
Return on Equity (%)27.0720.30
* Beta & Standard Deviation 36 months
** Dividend yield weighted average, all other data weighted median
Top 10 HoldingsTickerWeight
TERADYNE INCTER3.08%
S&P GLOBAL INCSPGI2.87%
WALMART INCWMT2.85%
HERSHEY CO/THEHSY2.65%
NVR INCNVR2.61%
BRISTOL-MYERS SQUIBB COBMY2.41%
ABBVIE INCABBV2.22%
TORO COTTC2.17%
TJX COMPANIES INCTJX2.17%
EVERGY INCEVRG1.87%
Risk Statistics
Since Inception (February 01, 2011) Risk StatisticsStrategyS&P 500
Annualized Return14.73%12.66%
Annualized Standard Deviation9.26%11.83%
Return/Risk1.591.07
Tracking Error6.63%-
R-Squared68.82%-
Alpha6.01%-
Beta0.65-
Total Returns As Of June 30, 2019
Inception Date: February 1, 2011
Strategy Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
2018201720162015201420132012
Strategy Gross of Fees1.13%17.64%10.04%4.58%16.06%28.94%12.08%
Strategy Net of Fees0.36%16.92%9.32%3.57%14.94%27.71%10.98%
S&P 500-4.39%21.82%11.95%1.37%13.68%32.37%15.99%

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 S&P 500 Total Return Index. The S&P 500 is widely regarded as the best single gauge of large cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

You cannot invest directly in an index.

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

Fact Sheets
U.S. Large Cap Equity Q2 2019
Commentary
U.S. Large Cap Commentary
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