Portfolio Details as of 03/31/2016

Weighted Average Market Cap.
11.5 B
P/E Ratio
P/B Ratio
Portfolio Turnover Ratio as of 12/31/2015
Number of Holdings
Total Net Assets
$2.15 B

Portfolio Positioning as of 03/31/2016

  • The information technology sector is the portfolio’s largest overweight position, relative to its benchmark, the Russell Midcap® Value Index. The portfolio is overweight communication services and IT services, while remaining underweight the software industry. 
  • The portfolio, relative to its benchmark, is overweight the consumer discretionary sector. The portfolio is overweight hotels and leisure, housing, and housing- related, while remaining underweight retail and media industries. 
  • The industrials sector remains one of the portfolio’s largest underweight positions, due to challenged fundamentals in companies with exposure to depressed commodity end-markets. Within industrials, the portfolio is overweight the aerospace and defense industry. 
  • The portfolio is, relative to its benchmark, underweight the materials sector, with the exception of the containers and packaging industry. The sector continues to be affected by global overcapacity and depressed prices. 
  • We believe that the economic outlook for the United States remains muted, but favorable relative to most global economies, given the continued volatility and uncertainty around macroeconomic and geopolitical issues. We continue to closely monitor risks to the portfolio, including central bank policy decisions, commodity price volatility, and currency/interest rate volatility. 

Sector Allocationas of 03/31/2016

Sector Weighting Fund Change from Previous Quarter
Information Technology arrowUp0.4%
Materials arrowUp0.2%
Industrials arrowDown1.6%
Consumer Discretionary arrowUp1.1%
Energy arrowUp0.9%
Health Care arrowDown1.3%
Financials arrowDown2.5%
Utilities arrowUp1.9%
Consumer Staples arrowUp0.1%
Telecommunication Services 0.0%

Attribution Analysis 

Mid Cap Stock Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Strongest & Weakest Performers

Strongest Performers

Holding Contribution
Edison International 0.5%
Whirlpool Corp. 0.4%
Alere, Inc. 0.4%
PVH Corp. 0.3%
PPL Corp. 0.3%

Weakest Performers

Holding Contribution
Fifth Third Bank -0.4%
Jones Lang LaSalle, Inc. -0.4%
Citizens Financial Group, Inc. -0.3%
Lincoln National Corp. -0.3%
CIT Group, Inc. -0.3%
Fund Dividends & Cap Gains next tab

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