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 December 31, 2019
Sector Weights
CharacteristicsStrategyS&P 500
Strategy Assets ($ Million)736.10-
Number of Holdings104506
Beta*0.851.00
Standard Deviation* (%)10.7611.93
Market Cap. ($ Billion)30.53127.08
Price to Trailing Earnings25.8224.09
Price to Cash Flow18.7317.54
Price to Book4.754.76
Enterprise Value to Sales4.444.59
Debt as % of Assets38.6830.62
Dividend Yield (%)**1.861.82
Return on Equity (%)20.0720.62
* Beta & Standard Deviation 36 months
Top 10 HoldingsTickerWeight
NVR INCNVR2.75%
S&P GLOBAL INCSPGI2.74%
VERIZON COMMUNICATIONS INCVZ2.65%
ESSEX PROPERTY TRUST INCESS2.63%
WALMART INCWMT2.63%
FLOWERS FOODS INCFLO2.51%
AMERICAN WATER WORKS CO INCAWK2.43%
TORO COTTC2.21%
EQUITY LIFESTYLE PROPERTIESELS2.20%
TJX COMPANIES INCTJX2.16%
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 (February 01, 2011) Risk StatisticsStrategyS&P 500
Annualized Return14.84%13.22%
Annualized Standard Deviation9.02%11.58%
Return/Risk1.651.14
Tracking Error6.59%-
R-Squared67.82%-
Alpha5.89%-
Beta0.64-
Total Returns As Of December 31, 2019
Inception Date: February 01, 2011
Large Cap Strategy Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
20192018201720162015201420132012
Strategy Gross of Fees28.23%1.13%17.64%10.04%4.58%16.06%28.94%12.08%
Strategy Net of Fees27.20%0.36%16.92%9.32%3.57%14.94%27.71%10.98%
S&P 50031.47%-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 Q4 2019
Commentary
2020 COVID-19 Market Update U.S. Large Cap Commentary
Legal Disclosures Contact © 2020 Summit Global Investments LLC