Is the least conservative investment style offered. However we select
only those industries
within each sector that our analysis shows
as the most attractive at any given time.
The Portfolio’s objective is the appreciation and preservation of capital over a market cycle. It is strategic in that it has defensive measures to protect capital when the business cycle turns down. The Portfolio’s goal is to compound returns through asymmetric upside/downside market capture. Investments are selected from large-cap and larger mid-cap stocks. The Portfolio’s construction and management processes are structured and disciplined.
The Portfolio holds approximately five percent cash when fully invested in a functioning market.
However, in the event of elevated market risk or abnormal volatility, the investment team can take the following defensive actions:
a) Overweight sectors in positive trends, underweight or avoid those in negative trends
b) Sell declining stocks and delay purchases until suitable candidates appear
c) Cash levels can be raised to as high as two to two and a half times the cash level in the traditional Large Cap Growth model portfolio.
Portfolio cash level is used to protect capital in declining markets. As such, market action may raise its level to 50% or higher of portfolio value.
Is the most conservative investment style offered. The value equity
portfolio will generally outperform the market
over a three to five
year market cycle, but tends to outperform the market in down periods.
Is the most balanced U.S. equity investment
style offered. The typical core equity investor is willing to assume
as much risk as the market, but expects to outperform the market.
Portfolio bias will favor either growth or value depending on the
outlook for the market
The Portfolio’s objective is capital appreciation with embedded loss control. Its strategy enables defensive measures to protect capital when the business cycle turns down. The Portfolios’s goal is to compound returns through asymmetric upside/downside market capture. Investments are selected from large-cap and larger mid-cap stocks. The portfolio’s construction and management processes are structured and disciplined.
The Small Cap Core Equity strategy seeks to invest in small-cap stocks that exhibit both growth and value characteristics. We maintain a portfolio with stocks that have solid growth potential and with stocks that are undervalued. We strive to outperform the R2000 Equity Index over market cycles.
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