Portfolio Details as of 12/31/2015

Weighted Average Market Cap.
11.5 B
P/E Ratio
16.6x
P/B Ratio
1.6x
Portfolio Turnover Ratio as of 07/31/2015
78.3%
Number of Holdings
128
Total Net Assets
$929.84 M

Portfolio Positioning as of 12/31/2015

  • Invesco Ltd., an independent global investment management firm, is the portfolio's largest overweight position, relative to its benchmark, the Russell Midcap® Value Index, as of December 31, 2015.  We believe the market underappreciates Invesco’s ability to capitalize on attractive secular allocation trends. 
  • 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 Whirlpool Corp., a home appliances company. The firm is well positioned within growing Latin American economies, and is also benefiting from an improving U.S. housing market and industry consolidation..

Sector Allocationas of 12/31/2015

Sector Weighting Fund Change from Previous Quarter
Consumer Discretionary arrowUp0.2%
Energy arrowDown1.3%
Information Technology arrowUp0.4%
Health Care arrowUp1.0%
Industrials arrowUp0.1%
Materials 0.0%
Financials arrowDown0.1%
Consumer Staples arrowDown0.1%
Telecommunication Services 0.0%
Utilities arrowDown0.3%

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
Orbital ATK, Inc. 0.3%
Mallinckrodt plc 0.2%
XL Capital Ltd. 0.2%
Level 3 Communications, Inc. 0.2%
Westar Energy, Inc. 0.2%

Weakest Performers

Holding Contribution
Santander Consumer USA Holdings, Inc. -0.3%
Fidelity National Information Services, Inc. -0.2%
Community Health Systems, Inc. -0.2%
GameStop Corp. -0.2%
EQT Corp. -0.1%
Fund Dividends & Cap Gains next tab

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