Portfolio Details as of 10/30/2015

Weighted Average Market Cap.
11.3 B
P/E Ratio
P/B Ratio
Portfolio Turnover Ratio as of 07/31/2015
Number of Holdings
Total Net Assets
$1.03 B

Portfolio Positioning as of 09/30/2015

  • SCANA Corp., a regulated electric and natural gas utility company, is the portfolio's largest overweight position relative to its benchmark, the Russell Midcap® Value Index, as of September 30, 2015.  We believe SCANA trades at a discount to peers because of concerns regarding its nuclear construction program.  We believe the stock likely will outperform as cost responsibility and regulatory treatment for the latest schedule revisions are clarified.
  • XL Group plc, a global property and casualty insurer and reinsurer, is another overweight position. We believe that the stock is attractively valued in light of management's ability to cut expenses while maintaining revenue.
  • The portfolio also has an overweight, relative to its benchmark, in Fifth Third Bancorp, a diversified financial services company. We believe the stock has strong fundamentals and an attractive relative valuation, and that super-regional banks in general have the potential to benefit from higher rates as well.

Sector Allocationas of 10/30/2015

Sector Weighting Fund Change from Previous Quarter
Consumer Discretionary arrowUp0.3%
Energy arrowUp0.2%
Information Technology arrowUp0.6%
Industrials arrowUp0.3%
Financials arrowDown1.5%
Health Care arrowUp0.5%
Materials arrowUp0.5%
Consumer Staples arrowDown0.5%
Utilities arrowDown0.4%
Telecommunication Services arrowUp0.1%

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
Hartford Financial Services Group, Inc. 0.2%
SCANA Corp. 0.2%
Westar Energy, Inc. 0.2%
Edison International 0.1%
Royal Caribbean Cruises Ltd. 0.1%

Weakest Performers

Holding Contribution
Huntsman Corp. -1.0%
Mallinckrodt plc -1.0%
Kohl's Corp. -0.5%
Marathon Oil Corp. -0.4%
Invesco Ltd. -0.4%
Fund Dividends & Cap Gains next tab

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