Portfolio Details as of 02/27/2015

Weighted Average Market Cap.
11.9 B
P/E Ratio
P/B Ratio
Portfolio Turnover Ratio as of 07/31/2013
Number of Holdings
Total Net Assets
$804.85 M

Portfolio Positioning as of 12/31/2014

  • Whirlpool Corp., a manufacturer of home appliances, is the portfolio’s largest overweight position relative to its benchmark, the Russell Midcap® Value Index, as of December 31, 2014.  The firm is well positioned within growing Latin American economies, and also is benefiting from an improving U.S. housing market and industry consolidation.
  • Community Health Systems, Inc., an operator of hospitals in the United States, is another overweight position.  We believe that the uncertainty surrounding the Affordable Care Act has created an attractive price for the stock.  In addition, it is our view that Community’s earnings likely will benefit from increased coverage and reduced bad debt from consumers.
  • The portfolio also has an overweight, relative to its benchmark, in XL Group plc, a global property and casualty insurer and reinsurer. We believe that the stock is attractively valued in light of management’s ability to cut expenses while maintaining revenue.

Sector Allocationas of 02/27/2015

Sector Weighting Fund Change from Previous Quarter
Consumer Discretionary arrowUp0.4%
Health Care arrowUp0.7%
Financials arrowUp0.1%
Industrials arrowDown0.1%
Energy arrowUp0.1%
Consumer Staples arrowDown0.3%
Materials arrowUp0.3%
Telecommunication Services 0.0%
Utilities arrowDown1.3%
Information Technology 0.0%

Attribution Analysis 

Calibrated Mid 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
Whirlpool Corp. 0.7%
Rock-Tenn Co. 0.4%
SCANA Corp. 0.4%
Westar Energy, Inc. 0.4%
Royal Caribbean Cruises Ltd. 0.3%

Weakest Performers

Holding Contribution
Ultra Petroleum Corp. -0.3%
Huntsman Corp. -0.1%
Rowan Cos., Inc. -0.1%
Terex Corp. -0.1%
Steel Dynamics, Inc. -0.1%
Fund Dividends & Cap Gains next tab

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