Portfolio Details as of 10/30/2015

Weighted Average Market Cap.
91.4 B
P/E Ratio
P/B Ratio
Portfolio Turnover Ratio as of 07/31/2015
Number of Holdings
Total Net Assets
$482.42 M

Portfolio Positioning as of 09/30/2015

  • Allstate Corp., a provider of insurance and investment products, is the portfolio’s largest overweight position relative to its benchmark, the Russell 1000® Value Index, as of September 30, 2015.  We believe that investors are undervaluing the company relative to its peers, and that superior underwriting likely will lead to higher-than-expected earnings.
  • Pfizer Inc., a research-based, global pharmaceutical company, is another overweight position relative to the portfolio’s benchmark.  We believe Pfizer has an underappreciated pipeline, with respect to immuno-oncology, leading the company to be undervalued, particularly when compared with other big pharmaceutical companies.
  • The portfolio also has an overweight position, relative to its benchmark, in Fidelity National Information Services, Inc., a financial services company.  We believe the company has attractive organic growth prospects and the potential for margin expansion.  The recent announcement of the planned acquisition of SunGard brings incremental cross-selling and cost-cutting opportunities.

Sector Allocationas of 10/30/2015

Sector Weighting Fund Change from Previous Quarter
Information Technology arrowUp0.4%
Consumer Staples arrowDown0.4%
Industrials arrowUp0.3%
Financials arrowDown0.8%
Consumer Discretionary 0.0%
Materials arrowUp0.3%
Telecommunication Services arrowDown0.1%
Health Care 0.0%
Utilities arrowDown0.2%
Energy arrowUp0.5%

Attribution Analysis 

Calibrated Large Cap Value Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Strongest & Weakest Performers

Strongest Performers

Holding Contribution
PPL Corp. 0.1%
Delta Air Lines, Inc. 0.1%
Altria Group, Inc. 0.1%
AvalonBay Communities, Inc. 0.1%
Pacific Gas & Electric Co. 0.1%

Weakest Performers

Holding Contribution
Chevron Corp. -0.6%
Huntsman Corp. -0.6%
ConocoPhillips Co. -0.4%
Capital One Financial Corp. -0.4%
JPMorgan Chase & Co. -0.4%
Fund Dividends & Cap Gains next tab

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