Portfolio Breakdown as of 05/29/2015

U.S. Small Cap
U.S. Mid Cap
U.S. Micro Cap
Intl Equity
Emerging Mkt Equity

Portfolio Positioningas of 03/31/2015

  • The Alpha Strategy Fund outperformed its benchmark, the 85% Russell 2000® Index/15% S&P Developed Ex-U.S. SmallCap® Index, during the first quarter of 2015.
  • During the quarter, both the Fund’s strategic allocation and the performance of underlying investment strategies contributed to relative performance.  The Fund’s allocation to growth equities contributed to relative performance, as both small-cap growth and micro-cap growth stocks outperformed the Fund’s benchmark.  The Fund’s weighting in micro-cap value stocks detracted from performance, as they underperformed Fund’s benchmark. 
  • The Fund’s international small-cap equity strategy outperformed its underlying benchmark, thereby contributing to relative performance.
  • The Fund’s smid-cap value strategy detracted from relative performance, as it underperformed the Fund’s benchmark.
  • During the quarter, we increased the Fund’s weightings in the health care sector, while we trimmed the Fund’s weightings in the financials and consumer staples sectors. The financials, information technology, and industrials sectors are the largest weightings in the Fund.

Equity Sector Allocation as of 05/29/2015

Information Technology
Consumer Discretionary
Health Care
Consumer Staples
Telecommunication Services
Ten Largest Equity Holdings Assets
MAXIMUS, Inc. 1.0%
Signature Bank 0.9%
Synaptics, Inc. 0.9%
Western Alliance Bancorp 0.8%
South State Corp. 0.8%
HCC Insurance Holdings, Inc. 0.8%
Pinnacle Foods Group LLC 0.7%
Ryder System, Inc. 0.7%
Physicians Realty Trust 0.7%
Francesca's Holdings Corp. 0.7%
Holdings Assets
Developing Growth Fund 20.3%
International Opportunities Fund 20.2%
Value Opportunities Fund 19.7%
Small Cap Value Fund 19.7%
Micro Cap Growth Fund 10.3%
Micro Cap Value Fund 9.8%
Fund Dividends & Cap Gains next tab

Contact a Representative