T. ROWE PRICE STRATEGY HIGHLIGHTS
|
|
- Warren Hampton
- 5 years ago
- Views:
Transcription
1 Total Strategy Assets : $8.0 billion AS OF3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Investment Approach Single decision maker provides clear accountability. Identify best ideas by assessing companies in a global sector context, using bottom-up approach to create focused, high-conviction portfolio. Global research platform uses fundamental analysis to identify companies with superior and sustainable growth prospects, and improving fundamentals. Macroeconomic and local market factors are integrated in stock selection decisions. Valuation appeal is measured against local market and broad sector opportunity set. Broad range of stocks across all capitalizations, incorporating developed and emerging markets. Portfolio Construction Number of holdings: Individual positions: Typically 0.5% - 5.0% Emerging markets exposure: +/- 5% of benchmark Broad sector ranges: +/- 5% of benchmark Country ranges: +/- 0% of benchmark (USA is +/- 20%) Currency hedging: Currency views incorporated in stock selection Cash target range: Typically less than 5%, Maximum 0% Expected tracking error: 500 to,000 basis points Performance target: 400 basis points or greater, in excess of the benchmark Portfolio Management Team Robert N. Gensler Portfolio Manager 27 years of investment experience; 7 years with T. Rowe Price. BS, The Wharton School of Business, University of Pennsylvania MBA, Stanford Graduate School of Business Josh Nelson Associate Portfolio Manager 8 years of investment experience; 3 years with T. Rowe Price. BS, University of Florida MBA, The Wharton School of Business, University of Pennsylvania Global Investment Advisory Team consisting of 4 senior T. Rowe Price regional and sector portfolio managers. Includes U.S.-registered mutual funds, a common trust fund, a subfund of the T. Rowe Price Fund SICAV, separate accounts, non-proprietary funds, subadvised portfolios, and subfunds of the T. Rowe Price FCP. Benchmark and MSCI World Index 905 (3/200)
2 AS OF3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Top 0 Holdings Sector Diversification Company % of Portfolio Google 4.5% Accenture 4.3 JPMorgan Chase 4.2 Rolls-Royce Group 3.7 Pernod-Ricard 3.3 Petrobras 3. Apple 3. WPP 2.8 QUALCOMM 2.7 Amazon.com 2.5 Total 34.% Portfolio Characteristics Percent Consmr. Disc. Global Equity Representative Portfolio Over/Under Weighted Consmr. Staples Energy Financials Health Indust. & Care Bus. Servs. Info. Tech. Materials Telecom Services Utilities Global Equity MSCI All Country Portfolio Characteristics Representative Portfolio World Index Projected Earnings Growth Rate 2 3.3%.8% Price to Earnings (Current Fiscal Year) 2 6.6X 4.0X Return on Equity (Current Fiscal Year) 2 6.% 4.5% Price to Book 3.4X 2.3X Unweighted Average Market Capitalization (Millions) $50,786 $6,532 Number of Holdings 65 2, Largest Holdings 54.% 3.3% Turnover (2 Months) 7.9% N/A The representative portfolio is an account in the composite we believe most closely reflects current portfolio management style for the strategy. Performance is not a consideration in the selection of the representative portfolio. The characteristics of the representative portfolio shown may differ from those of the composite and of the other accounts in the composite. Information regarding the representative portfolio and the other accounts in the composite is available upon request. 2 Source: IBES. The specific securities identified and described above do not represent all of the securities purchased, sold, or recommended for clients in the composite, and no assumptions should be made that the securities identified and discussed were or will be profitable. The information shown does not reflect any ETFs that may be held in the portfolio. Numbers may not total due to rounding. Supplemental information. Statistics are Investment Weighted Median unless otherwise noted. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on July 200. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.
3 AS OF3 DEC 200 Regional Composition Top and Bottom Five Over/Underweights Global Equity Representative Portfolio Latin America 8.7% Emerging Asia Ex-Japan 3.3% Cash 2.6% Japan.5% Canada.5% Middle East and Africa.3% Developed Asia Ex-Japan 0.3% U.S. 48.6% United States China India United Kingdom Europe 22.2% Brazil Germany Canada Developed Asia Ex-Japan 5.4% Canada 4.6% Latin America 3.4% Middle East and Africa.5% Switzerland Australia Emerging Asia Ex-Japan 8.0% Japan 8.7% Europe 26.3% U.S. 42.3% Japan Percent Global Equity Representative Portfolio Over/Underweighting The representative portfolio is an account in the composite we believe most closely reflects current portfolio management style for the strategy. Performance is not a consideration in the selection of the representative portfolio. The characteristics of the representative portfolio shown may differ from those of the composite and of the other accounts in the composite. Information regarding the representative portfolio and the other accounts in the composite is available upon request. Supplemental information. Numbers may not total due to rounding.
4 PERIODS ENDED 3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Performance Risk/Return Characteristics Annualized Three One Three Five Ten Total Return Performance Months Year Years Years Years (Gross of Fees) 8.06% 2.79% -7.43% 3.25% 4.29% (Net of Fees) MSCI World Index Net of fees performance reflects the deduction of the highest applicable management fee ( Model Net Fee ) that would be charged based on the fee schedule appropriate to you for this mandate, without the benefit of breakpoints. Please be advised that the composite may include other investment products that are subject to management fees that are inapplicable to you but are in excess of the Model Net Fee. Therefore, the actual performance of all the portfolios in the composite on a net fee basis will be different and may be lower than the Model Net Fee performance. However, such Model Net Fee performance is intended to provide the most appropriate example of the impact management fees would have by applying management fees relevant to you to the gross performance of the composite. Past performance cannot guarantee future results. 2 Returns shown with gross dividends reinvested. Supplemental information. See GIPS Disclosure for additional performance information. Alpha -0.26% Alpha 0.94% Information Ratio Information Ratio Sharpe Ratio Sharpe Ratio Beta.7.00 Beta R-Squared R-Squared Historical Tracking Error 7.23% Historical Tracking Error 7.95% MSCI World Index Five Years Ended 3 December 200. Statistics based on monthly gross returns. Returns would have been lower as the result of the deduction of applicable fees. Past performance cannot guarantee future results. Supplemental information.
5 Fee Schedule As of Current 3 Dec 200 Quarter End Figures Shown in U.S. Dollars The seeks long-term capital appreciation primarily through investment in established companies operating in developed markets throughout the world, with faster earnings growth and reasonable valuation levels relative to market/sector averages. (Created June 2006) First $50 million Next $50 million 65 basis points 60 basis points Above $00 million 55 basis points on all assets Above $200 million 50 basis points on all assets Minimum separate account size $50 million A transitional credit is applied to the fee schedule as assets approach or fall below the break point. 5
6 GIPS Disclosure Period Ended December 3, 200 Figures Shown in U S Dollar Gross Annual Returns (%) Net Annual Returns (%)¹ MSCI AC World Index (%)² MSCI World Index (%)² Composite Dispersion N/A N/A N/A N/A N/A N/A N/A N/A Comp. Assets (Millions) , ,73.6 3, , ,407.4 # of Accts. in Comp Total Firm Assets (Billions) ¹Reflects deduction of highest applicable fee schedule without benefit of breakpoints. Investment return and principal value will vary. Past performance cannot guarantee future results. See below for further information related to net of fee calculations. ²Primary benchmark is MSCI AC World Index and secondary benchmark is MSCI World Index. T. Rowe Price International, Inc. ("TRPI") has prepared and presented this report in compliance with Global Investment Performance Standards (GIPS ). TRPI has been verified for the 0-year period ended June 30, 200 by KPMG LLP. A copy of the verification report is available upon request. TRPI is a U.S. registered investment management firm and holds itself out as such to potential clients for GIPS purposes. TRPI further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, including the non-u.s. and certain global strategies of T. Rowe Price Global Investment Services Limited ( TRPGIS ), an investment manager registered with the FSA and other regulatory bodies. The TRPGIS strategies were included in the TRPI firm definition effective January, 2009 as a result of an internal reorganization. Management believes this change represents the most appropriate Firm definition. The firm has not included any non-fee paying portfolios in its composites. Non-fee paying portfolios are included in the firm s total assets. The minimum asset level for equity portfolios to be included in composites is $5 million. Prior to January 2002, the minimum asset level for composite inclusion was $ million. The minimum asset level for fixed income and asset allocation portfolios to be included in composites is $0 million. Prior to October 2004, the minimum asset level for composite inclusion was $5 million, and prior to January 2002, the minimum asset level for composite inclusion was $ million. Valuations are computed and performance reported in U.S. dollars. Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee ("Model Net Fee") that would be charged based on the fee schedule appropriate to you for this mandate, without the benefit of breakpoints. Please be advised that the composite may include other investment products that are subject to management fees that are inapplicable to you but are in excess of the Model Net Fee. Therefore, the actual performance of all the portfolios in the composite on a net fee basis will be different, and may be lower, than the Model Net Fee performance. However, such Model Net Fee performance is intended to provide the most appropriate example of the impact management fees would have by applying management fees relevant to you to the gross performance of the composite. Gross and net performance returns are presented net of nonreclaimable withholding taxes. Dispersion is measured by the standard deviation across asset-weighted portfolio returns represented within a composite for the full year. Dispersion is not calculated for the composites in which there are five or fewer portfolios. Supplemental performance history may be presented. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request. Dividend income is recorded on the ex-dividend date and interest income is recorded on the accrual basis. Withholding taxes, whether or not refundable, are accrued for equity securities at the time of dividend accrual and, where applicable, are accrued daily for fixed income securities. Where capital gains taxes apply, aggregate security value is reduced to net realizable value, considering holding periods, potential loss carry-forwards, and other relevant factors that may vary from country to country. Some accounts may trade futures and options, potentially high-risk derivatives. Futures and options contracts may be bought or sold for any number of reasons, including managing exposure to changes in securities prices and foreign currencies, as an efficient means of adjusting overall exposure to certain markets, in an effort to enhance income, as a cash management tool, or to protect the value of portfolio securities. Purchases and sales of futures and options are only affected in accordance with individual client portfolio guidelines and generally represent less than 0% of a portfolio. Benchmarks are taken from published sources and may have different calculation methodologies, pricing times, and foreign exchange sources from the composite. Composite policy requires the temporary removal of any portfolio incurring a client initiated significant cash inflow or outflow greater than or equal to 0% of portfolio assets. The temporary removal of such an account occurs at the beginning of the measurement period in which the significant cash flow occurs and the account re-enters the composite on the last day of the current month after the cash flow. Additional information regarding the treatment of significant cash flows is available upon request. These results are intended to be used in the institutional market only. Consultants are advised to use this data in accordance with SEC guidelines. Past performance does not guarantee future results. Investment return and principal will vary. Where lawfully permitted, persons may access T. Rowe Price mutual fund information and T. Rowe Price Funds SICAV information at A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request. This material is not to be distributed or disseminated without the express written consent of TRPI. 6
7 Additional Disclosure Issued in the USA by T. Rowe Price Associates, Inc., 00 East Pratt Street, Baltimore, MD, 2202, which is regulated by the U.S. Securities and Exchange Commission. The material is not intended to be a solicitation for any product or service not available to U.S. investors, including the T. Rowe Price Funds SICAV, and may be distributed only to institutional investors. Issued in Canada by T. Rowe Price (Canada), Inc. T. Rowe Price (Canada), Inc. enters into written delegation agreements with affiliates to provide investment management services. T. Rowe Price (Canada), Inc. is not registered to provide investment management business in all Canadian provinces. Our investment management services are only available to select clients in those provinces where we are able to provide such services. This material is intended for use by accredited investors only. Issued in New Zealand by T. Rowe Price International Ltd ( TRPIL ). TRPIL is authorised and regulated by the UK Financial Services Authority under UK laws, which differ from New Zealand laws. This material is intended only for use by persons who are not members of the public, by virtue of section 3(2)(a)(ii) of the Securities Act 978 and is not intended for public distribution nor as a solicitation for investments from members of the public. This material may not be redistributed without prior written consent from TRPIL. Issued outside of the USA, Japan, Canada, Australia, and New Zealand by T. Rowe Price International Ltd, 60 Queen Victoria Street, London EC4N 4TZ, which is authorised and regulated by the UK Financial Services Authority (the FSA ). This material is not intended for use by Retail Clients, as defined by the FSA. T. Rowe Price, Invest With Confidence and the Bighorn Sheep logo are registered trademarks of T. Rowe Price Group, Inc. in the United States, European Union, Australia, Canada, Japan, and other countries. This material was produced in the United Kingdom.
T. ROWE PRICE STRATEGY HIGHLIGHTS
AS OF3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Total Strategy Assets : $. billion Investment Approach Single decision-maker provides clear accountability. Identify best ideas by assessing companies in a
More informationT. ROWE PRICE STRATEGY HIGHLIGHTS AS OF31 DEC 2010
AS OF3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Investment Approach Employ fundamental analysis to identify companies with sustainable above-market earnings growth rates. Focus on franchise strength, management
More informationU.S. Large-Cap Value Strategy
As of 30 Sep 20 Total U.S. Large-Cap Value Assets : $49.9 billion Total Strategy Assets 2 : $7. billion Investment Approach Focus on relative value relationships. Employ fundamental research to identify
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 31 December 2018 International Core Equity Strategy Total International Core Equity Strategy Assets: 1 $29.6 billion 2 INVESTMENT APPROACH p Emphasize companies with
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 31 December 2017 International Concentrated Equity Strategy Total International Concentrated Equity Strategy Assets: 1 $551.1 million 2 INVESTMENT APPROACH p Seeks long-term
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 30 September 2018 Emerging Markets Equity Strategy Total Strategy Assets: 1 $22.9 billion 2 INVESTMENT APPROACH p Employ fundamental analysis to identify companies with
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 31 December 2018 Asia Opportunities Equity Strategy Total Strategy Assets: 1 $284.7 million 2 INVESTMENT APPROACH p Seeking long term capital appreciation to come from
More informationNimbus 9 PORTFOLIO MANAGEMENT
For Qualified Domestic Institutional Investors Only. Not for further distribution. Nimbus 9 STRATEGY HIGHLIGHTS As of 30 September 2018 Emerging Markets Equity Strategy Total Strategy Assets: 1 $22.9 billion
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 30 June 2018 Europe Structured Research Equity Strategy Total Europe Structured Research Equity Strategy Assets: 1 7.7 million 2,3 INVESTMENT APPROACH p Leverage broad
More informationSTRATEGY HIGHLIGHTS As of 30 June 2018 Global Metals & Mining Equity Strategy Total Strategy Assets: million 2 Figures shown in U.S.
STRATEGY HIGHLIGHTS As of 30 June 2018 Global Metals & Mining Equity Strategy Total Strategy Assets: 1 905.9 million 2 INVESTMENT APPROACH Focus on opportunities broadly within the metals and mining sector
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 31 December 2018 US Growth Stock Strategy Total Large-Cap Growth Assets: $237.0 billion 2 Total Strategy Assets: 1 $92.0 billion 2 INVESTMENT APPROACH p Focus on companies
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 30 June 2018 Global Technology Equity Strategy Total Strategy Assets: 1 $14.4 billion 2 INVESTMENT APPROACH p Seeks long-term growth by investing primarily in the common
More informationT. ROWE PRICE STRATEGY HIGHLIGHTS
AS OF3 DEC 200 FIGURES SHOWN IN U.S. DOLLARS Total Global Fixed Income: $6,95.9 million Absolute Return Assets : $.2 million Investment Approach Designed to generate absolute positive returns by investing
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 30 June 2018 Global Real Assets Equity Strategy Total Global Real Assets Equity Strategy Assets: 1 $4.6 billion 2 INVESTMENT APPROACH p The strategy seeks to improve
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS As of 31 December 2018 Global Real Assets Equity Strategy Total Global Real Assets Equity Strategy Assets: 1 $4.7 billion 2 INVESTMENT APPROACH p The strategy seeks to improve
More informationNimbus 9 PORTFOLIO MANAGEMENT
For Qualified Domestic Institutional Investors Only. Not for further distribution. Nimbus 9 STRATEGY HIGHLIGHTS As of 31 March 2018 Global Real Estate Equity Strategy Total Global Real Estate Strategy
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: N/A CUSIP: 77955H105 As of September 30, 2018 Total International Growth Equity Strategy Assets: 1 $21.2 billion 2 Total Portfolio Assets: $327.4 million 2 INVESTMENT
More informationAnnualized PERFORMANCE
QUARTERLY SUMMARY US Large-Cap Equity Income SMA As of December 3, 208 PORTFOLIO MANAGER: John D. Linehan JOINED FIRM: 998 INVESTMENT APPROACH Employ a conservative, value-oriented investment approach
More informationQUARTERLY SUMMARY As of June 30, 2018 US Growth Stock SMA
QUARTERLY SUMMARY As of June 3, 8 US Growth Stock SMA PORTFOLIO MANAGER: Joseph B. Fath JOINED FIRM: INVESTMENT APPROACH Focus on companies with double-digit earnings and cash flow growth - emphasize sustainable
More informationQUARTERLY SUMMARY As of March 31, 2018 US Value Equity SMA
QUARTERLY SUMMARY As of March 31, 18 US Value Equity SMA INVESTMENT APPROACH Focus on relative value relationships. Employ fundamental research to identify large and medium sized companies with improving
More informationQUARTERLY SUMMARY As of March 31, 2018 US Growth Stock SMA
QUARTERLY SUMMARY As of March 31, 18 US Growth Stock SMA INVESTMENT APPROACH Focus on companies with double-digit earnings and cash flow growth - emphasize sustainable growth, not momentum growth. Integrate
More informationQUARTERLY SUMMARY As of March 31, 2018 U.S. Large-Cap Equity Income SMA
QUARTERLY SUMMARY As of March 3, 8 U.S. Large-Cap Equity Income SMA PORTFOLIO MANAGER: John D. Linehan JOINED FIRM: 998 INVESTMENT APPROACH Employ a conservative, value-oriented investment approach and
More informationUS Blue Chip Growth Equity SMA
QUARTERLY SUMMARY STRATEGY HIGHLIGHTS As of September 3, 18 US Blue Chip Growth Equity SMA INVESTMENT APPROACH PORTFOLIO MANAGER: Larry J. Puglia JOINED FIRM: 199 Identify high-quality companies with leading
More informationQUARTERLY SUMMARY As of March 31, 2018 US Blue Chip Growth Equity SMA
QUARTERLY SUMMARY As of March 31, 18 US Blue Chip Growth Equity SMA INVESTMENT APPROACH Identify high-quality companies with leading market positions in fertile growth fields. Integrate fundamental research
More informationQUARTERLY SUMMARY As of March 31, 2018 U.S. Large-Cap Core Equity SMA
QUARTERLY SUMMARY As of March 3, 8 U.S. Large-Cap Core Equity SMA Annualized Three Months Year-to- Date Since Inception /3/7 U.S. Large-Cap Core Equity SMA Composite ( Pure Gross) -.6% -.6% -.6% U.S. Large-Cap
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TRCEX CUSIP: 74144Q880 As of June 30, 2018 Total Assets: $190.9 million 1 INVESTMENT APPROACH p Emphasize companies with a favorable combination of growth prospects
More informationThe Strength of T. Rowe Price s Investment Expertise in Emerging Markets Bonds
T. Rowe Price EMERGING MARKETS BONDS The Strength of T. Rowe Price s Investment Expertise in Emerging Markets Bonds T. Rowe Price has established a position as one of the leading franchises among asset
More informationUS Blue Chip Growth Equity SMA
QUARTERLY SUMMARY As of December 31, 18 STRATEGY HIGHLIGHTS US Blue Chip Growth Equity SMA INVESTMENT APPROACH PORTFOLIO MANAGER: Larry J. Puglia JOINED FIRM: 199 Identify high-quality companies with leading
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TILCX CUSIP: 45775L200 As of December 31, 2018 Total Large-Cap Value Assets: $98.3 billion 2 Total Strategy Assets: 1 $20.7 billion 2 Total Fund Assets: $3.6 billion
More informationThe Strength of T. Rowe Price s Investment Expertise in European Equities
T. Rowe Price EUROPEAN EQUITIES The Strength of T. Rowe Price s Investment Expertise in European Equities T. Rowe Price has been investing in European equities since the inception of our International
More informationSTRATEGY HIGHLIGHTS As of 31 March 2018 Stable Value Strategy Total Strategy Assets: 1 $23.3 billion 2 Figures shown in U.S.
STRATEGY HIGHLIGHTS As of 31 March 018 Stable Value Strategy Total Strategy Assets: 1 $3.3 billion INVESTMENT APPROACH 100% internal management facilitates transparency and control. Yield-focused strategy.
More informationNimbus 9. STRATEGY HIGHLIGHTS Ticker: PRESX CUSIP: 77956H401 As of September 30, 2018 European Stock Fund Total Fund Assets: $1.
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: PRESX CUSIP: 77956H401 As of September 30, 2018 Total Fund Assets: $1.1 billion 1 INVESTMENT APPROACH p Fundamental research is critical to successfully identify and
More informationNimbus 9 PORTFOLIO MANAGEMENT PORTFOLIO SPECIALISTS
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TRVLX CUSIP: 779578103 As of December 31, 2018 Total Large-Cap Value Assets : $98.3 billion 2 Total US Value Equity Strategy Assets: 1 $42.7 billion 2 Total Fund Assets:
More informationNimbus 9 PORTFOLIO MANAGEMENT PORTFOLIO SPECIALISTS
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TRBCX CUSIP: 77954Q106 As of June 30, 2018 Total Large-Cap Growth Assets: $208.4 billion 2 Total Strategy Assets: 1 $84.5 billion 2 Total Fund Assets: $50.1 billion
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TRLGX CUSIP: 45775L408 As of September 30, 2018 Total Large-Cap Growth Assets: $222.6 billion 2 Total Strategy Assets: 1 $42.7 billion 2 Total Fund Assets: $18.3 billion
More informationU.S. Small-Cap Stocks: Why This Cycle Is Not So Different. Presenters: Hugh Evans, Steph Jackson, Jack Laporte, Greg McCrickard, and David Wagner
U.S. Small-Cap Stocks: Why This Cycle Is Not So Different Presenters: Hugh Evans, Steph Jackson, Jack Laporte, Greg McCrickard, and David Wagner 15% 12% Annualized Asset Class Returns since 1926 1 12.8%
More informationQ Global Equity. (888)
Q4 2017 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
More informationQ Global Equity. (888)
Q1 2018 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
More informationGLOBAL LARGE CAP QUALITY GROWTH CAD
STRATEGY PROFILE Q4 2018 GLOBAL LARGE CAP QUALITY GROWTH CAD INCEPTION: October 1992 1 BENCHMARK: MSCI World Total Return Index STRATEGY ASSETS: C$ 7,464 million LEAD PORTFOLIO MANAGER: Paul Musson, CFA
More informationGlobal Equity AN EXPANDED OPPORTUNITY SET CREATES ALPHA OPPORTUNITIES
PRICE PERSPECTIVE September 217 In-depth analysis and insights to inform your decision-making. Global Equity AN EXPANDED OPPORTUNITY SET CREATES ALPHA OPPORTUNITIES EXECUTIVE SUMMARY Pension plan sponsors
More informationQ Global Equity. (888)
Q4 2018 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
More informationMACKENZIE Q GLOBAL LARGE CAP QUALITY GROWTH CONSTRAINED USD. Initial Filters. Screening. Fundamental Analysis. Fundamental Analysis II
STRATEGY PROFILE INCEPTION: September 2012 1 BENCHMARK: MSCI World Total Return Index STRATEGY ASSETS: US$ 365 million LEAD PORTFOLIO MANAGER: Paul Musson, CFA STRATEGY OVERVIEW We seek to provide long-term
More information2Q 30 JUNE 2018 MFS INTERNATIONAL SMALL-MID CAP EQUITY (USD)*
2Q 30 JUNE 2018 MFS INTERNATIONAL SMALL-MID CAP EQUITY (USD)* INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title David Antonelli (30 yrs.) Portfolio Manager Peter Fruzzetti (24 yrs.) Portfolio
More information2Q 30 JUNE 2018 MFS EUROPEAN VALUE EQUITY (USD)
2Q 30 JUNE 2018 MFS EUROPEAN VALUE EQUITY (USD) INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title Benjamin Stone (22 yrs.) Portfolio Manager Pablo de la Mata (14 yrs.) Portfolio Manager
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %
Sun Life BlackRock Canadian Equity Fund Series A $13.5549 Net asset value per security (NAVPS) as of January 04, 2018 $0.0452 0.33% Benchmark S&P/TSX Capped Composite Index Fund category Canadian Focused
More informationInvestors Have Allocated Less to Value
Investors Have Allocated Less to Value by Over $1 Trillion Compared to 10 Years Ago Equity Asset Under Management $20,000,000,000,000 $18,000,000,000,000 $16,000,000,000,000 $14,000,000,000,000 $12,000,000,000,000
More information2Q 30 JUNE 2018 MFS GLOBAL EQUITY (AUD)
2Q 30 JUNE 2018 MFS GLOBAL EQUITY (AUD) INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title Roger Morley (21 yrs.) Portfolio Manager Ryan P. McAllister, CFA (15 yrs.) Portfolio Manager Ben
More informationSMALL CAP VALUE EQUITY
SMALL CAP VALUE EQUITY 4Q16 Philosophy Mesirow Financial Equity Management offers institutional investment strategies focused exclusively on small cap value and small-mid cap value equities. We believe
More informationInvesting in Global Equities
G l o b a l H e r i t a g e A d v a n c e d T h i n k i n g I n n o v a t i v e S o l u t i o n s Investing in Global Equities Missing Art of Portfolio Management in Smart beta Michael O Brien, Ph.D. Analyst
More information11 QUESTIONS FOR EQUITY INVESTORS IN 2017
Global Equities 11 QUESTIONS FOR EQUITY INVESTORS IN 2017 January 2017 For investment professionals only. Not for further distribution. The 2 nd Longest US Bull Market In History Could This Be The Record
More information2015 Global Market Outlook Press Briefing WELCOME. Edward Giltenan Head of Global Public Relations
2015 Global Market Outlook Press Briefing WELCOME Edward Giltenan Head of Global Public Relations All is NOT Quiet on the Global Front Western Sanctions Likely to Push Russia Toward Increased Self-Reliance
More information3Q 30 SEPTEMBER 2018 MFS EUROPEAN EQUITY EX U.K. (USD)
3Q 30 SEPTEMBER 2018 MFS EUROPEAN EQUITY EX U.K. (USD) INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title Matthew Barrett, ASIP (22 yrs.) Portfolio Manager Gabrielle Gourgey (23 yrs.) Institutional
More informationFOR 2018 GLOBAL MARKET OUTLOOK PRESS BRIEFING. PROVIDED TO DESIGNATED MEMBERS OF THE PRESS ONLY, NOT FOR FURTHER DISTRIBUTION.
2018 Global Market Outlook Press Briefing U.S. EQUITIES Ann M. Holcomb, CFA Portfolio Manager November 14, 2017 FOR 2018 GLOBAL MARKET OUTLOOK PRESS BRIEFING. PROVIDED TO DESIGNATED MEMBERS OF THE PRESS
More informationQ Global Balanced. (888)
Q4 2015 Global Balanced www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a
More informationGLOBAL ECONOMIC ENVIRONMENT AND OUTLOOK
1 Global Market Outlook Press Briefing GLOBAL ECONOMIC ENVIRONMENT AND OUTLOOK Alan Levenson, Ph.D. Chief U.S. Economist November 1, 17 FOR 1 GLOBAL MARKET OUTLOOK PRESS BRIEFING. PROVIDED TO DESIGNATED
More informationMFS Investment Management 500 Boyleston Street Boston, Massachusetts 02116
Investment Management 500 Boyleston Street Boston, Massachusetts 02116 MANAGER'S INVESTMENT PROCESS RISK CONSIDERATIONS Bottom-up idea generation within a sector-neutral framework, managed by a team of
More informationEquity Investing T. ROWE PRICE S GLOBAL STOCK FUND
FUND SPOTLIGHT November 2017 In-depth analysis and insights to inform your decision-making. Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND David Eiswert Portfolio Manager, Global Stock Fund EXECUTIVE
More informationEmerging Markets Navigating Rough Seas
Asset Management Quality Growth Boutique Emerging Markets Navigating Rough Seas Jin Zhang, CFA Portfolio Manager Douglas Bennett Client Portfolio Manager October 2018 For institutional investors only /
More informationAdditional series available. Morningstar TM Rating. Funds in category Equity style Market cap %
Sun Life MFS Global Growth Fund Investment objective Series A $20.3181 CAD Net asset value per security (NAVPS) as of September 14, 2018 $0.0919 0.45% Benchmark MSCI AC World C$ Index Fund category Global
More informationEuropean Equity THE EUROPEAN EARNINGS SEASON CONFIRMS CORPORATE RESILIENCE
PRICE POINT April 2017 Timely intelligence and analysis for our clients. European Equity THE EUROPEAN EARNINGS SEASON CONFIRMS CORPORATE RESILIENCE KEY POINTS Dean Tenerelli Portfolio Manager, Europe Equity
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %
Sun Life Excel Emerging Markets Fund Series A $11.1198 Net asset value per security (NAVPS) as of June 22, 18 $0.0811 0.73% Benchmark MSCI Emerging Markets C$ Index Fund category Emerging Markets Equity
More informationSUNCOAST EQUITY MANAGEMENT
U.S. Equity Large Q1 2018 OBJECTIVE (SEM) is an independent investment management firm that invests in U.S. listed equities. Our objective is to produce rates of total return in excess of the S&P 500 and
More informationAdditional series available. Morningstar TM Rating - Funds in category. Equity style Market cap %
Sun Life JPMorgan International Equity fund Series A $9.249 CAD Net asset value per security (NAVPS) as of September 12, 2018 $-0.0659-0.71% Benchmark MSCI ACWI ex US Index C$ Fund category International
More informationGlobal Markets. CHINA AND GLOBAL MARKET VOLATILITY.
PRICE POINT August 015 Timely intelligence and analysis for our clients. Global Markets. CHINA AND GLOBAL MARKET VOLATILITY. EXECUTIVE SUMMARY Eric Moffett Portfolio Manager, Asia Opportunities Strategy
More informationAdditional series available. Morningstar TM Rating. Funds in category 345. Equity style Market cap %
Sun Life MFS International Growth Fund Investment objective Series A $16.3429 Net asset value per security (NAVPS) as of April 03, 2018 $-0.2047-1.24% Benchmark MSCI EAFE C$ Index Fund category International
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap % Giant 0.0 Large 1.9 Medium 58.5 Small 37.1 Micro 2.
Sun Life Schroder Global Mid Cap Fund Series A $11.6434 CAD Net asset value per security (NAVPS) as of September 27, 2018 $0.0408 0.35% Benchmark MSCI World Small Cap Index Fund category Global Small/Mid
More informationSchafer Cullen Capital Management High Dividend Value
Product Type: Separate Account Manager Headquarters: New York, NY Total Staff: 56 Geography Focus: Domestic Year Founded: 1983 Investment Professionals: 21 Type of Portfolio: Equity Total AUM: $17,896
More informationFederal Money Market Fund (VMFXX)
Federal Money Market Fund (VMFXX) Overview Investment approach Invests primarily in U.S. government agency obligations. Seeks current income. Seeks to maintain a constant $1 net asset value (NAV). Maintains
More informationTempleton Asian Growth ex Japan. Equity Composite
Templeton Asian Equity Product Profile Product Details Strategy Assets $4,835,954,296.20 Inception Date 31/12/2001 Base Currency USD Investment Style Overview Templeton s interest and research in emerging
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %
Sun Life Dynamic American Fund Series A Additional series available Note: Effective February 10, 2017, Sun Life Dynamic American Value Fund was renamed Sun Life Dynamic American Fund. $13.5130 Net asset
More informationAdditional series available. Morningstar TM Rating. Funds in category Equity style Market cap %
Sun Life MFS Global Value Fund Investment objective Series A $21.8820 CAD Net asset value per security (NAVPS) as of January 04, 2019 $0.3356 1.56% Benchmark MSCI World C$ Index Fund category Global Equity
More informationGlobal Equity. Third Quarter 2018 Review
Global Equity Third Quarter 2018 Review COMPOSITE PERFORMANCE SUMMARY As of September 30, 2018 Performance (% Total Return) 1 Annualized Returns; 2 Inception date: November 30, 1989; 3 The Benchmark Index;
More informationNimbus 9. STRATEGY HIGHLIGHTS Ticker: RPIHX CUSIP: 77956H559 As of June 30, 2018 Global High Income Bond Fund Total Fund Assets: $99.
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: RPIHX CUSIP: 77956H559 As of June 30, 2018 Total Fund Assets: $99.6 million 1 INVESTMENT APPROACH p Integrates fundamental research and holistic capital structure considerations
More informationAdditional series available. Morningstar TM Rating. Funds in category 447. Equity style Market cap %
Sun Life MFS International Growth Fund Investment objective Series A $15.6992 CAD Net asset value per security (NAVPS) as of April 05, 2019 $0.0574 0.37% Benchmark MSCI EAFE C$ Index Fund category International
More informationAdditional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %
Sun Life BlackRock Canadian Composite Equity Class Series A $11.6889 CAD Net asset value per security (NAVPS) as of August 31, 2018 $-0.0752-0.64% Benchmark S&P/TSX Capped Composite Index Fund category
More informationCampbell Newman Asset Management, Inc. Verification Report. September 30, 2018
Campbell Newman Asset Management, Inc. Verification Report September 30, 2018 Ms. Mary C. Brown, President Campbell Newman Asset Management, Inc. Verification Report We have verified whether Campbell Newman
More informationFayez Sarofim & Co Large Cap Equity
Product Type: Separate Account Manager Headquarters: Houston, TX Total Staff: 90 Geography Focus: Domestic Year Founded: 1958 Investment Professionals: 20 Type of Portfolio: Equity Total AUM: $22,458 million
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: TRHYX CUSIP: 77958B204 As of December 31, 2018 Institutional High Yield Fund Total High Yield Assets: $29.0 billion 2 Total High Yield Bond Strategy Assets: 1 $16.9
More informationA global approach to capturing the growth potential of emerging markets.
FOR PROFESSIONAL INVESTORS ONLY IPE - Iceland 2 October 2018 Steven Smith, CFA Investment Director A global approach to capturing the growth potential of emerging markets. Multiple Perspectives. One Approach.
More informationAsset Allocation THE CHANGING FACE OF EMERGING MARKETS
PRICE PERSPECTIVE February 218 In-depth analysis and insights to inform your decision-making. Asset Allocation THE CHANGING FACE OF EMERGING MARKETS EXECUTIVE SUMMARY Emerging markets have evolved, and
More informationPresentation The role of fixed income today. Quentin Fitzsimmons. Senior Portfolio Manager, Fixed Income T. Rowe Price
Presentation The role of fixed income today Quentin Fitzsimmons Senior Portfolio Manager, Fixed Income T. Rowe Price THE ROLE OF FIXED INCOME TODAY Quentin Fitzsimmons Global Fixed Income Portfolio Manager
More informationAdditional series available. Morningstar TM Rating - Funds in category. Equity style Market cap %
Sun Life Infrastructure Fund Series A $7.6099 Net asset value per security (NAVPS) as of February 07, 2018 $0.0792 1.05% Benchmark S&P Global Infrastructure Total Return C$ Index Fund category Global Infrastructure
More informationAdditional series available. Morningstar TM Rating. Funds in category 403. Equity style Market cap %
Sun Life MFS International Value Fund Investment objective Series A $19.6632 CAD Net asset value per security (NAVPS) as of December 24, 2018 $-0.0015-0.01% Benchmark MSCI EAFE C$ Index Fund category International
More informationSignature Perspectives Dynamic Global Asset Allocation
Signature Perspectives Dynamic Global Asset Allocation Signature Funds Portfolios Dynamic Global Asset Allocation As of 30 June 2012 Performance Review Investment Objective Seeks capital appreciation over
More informationAdditional series available. Morningstar TM Rating. Funds in category 363. Fixed income % of fixed income allocation
Sun Life BlackRock Canadian Balanced Fund Investment objective Series A $12.4584 Net asset value per security (NAVPS) as of August 20, 2018 $0.0128 0.10% Benchmark Blended benchmark Fund category Canadian
More information2Q 30 JUNE 2018 MFS EMERGING MARKETS EQUITY (CAD)
2Q 30 JUNE 2018 MFS EMERGING MARKETS EQUITY (CAD) INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title José Luis García (23 yrs.) Portfolio Manager Robert Lau, CFA (24 yrs.) Portfolio Manager
More informationChina Equities CHINA S ALPHABET SOUP MAKING SENSE OF MSCI S A-SHARE ANNOUNCEMENT
PRICE POINT August 2017 Timely intelligence and analysis for our clients. Equities CHINA S ALPHABET SOUP MAKING SENSE OF MSCI S A-SHARE ANNOUNCEMENT KEY POINTS Index provider MSCI recently announced that,
More informationGlobal Low Volatility Equity
Marketing Communication Global Low Volatility Equity Investment objectives Outperform with significantly less variability Reduce volatility Maintain standard deviation of 3% to 4% less than index Outperform
More informationThe London Company Domestic Equity SMID Core
Product Type: Separate Account Manager Headquarters: Richmond, VA Total Staff: 24 Geography Focus: Domestic Year Founded: 1994 Investment Professionals: 5 Type of Portfolio: Equity Total AUM: $7,069 million
More informationAn Economic Perspective on Dividends
2017 An Economic Perspective on Dividends Table of Contents Corporate Outlook... 1 2 Market Environment... 3 7 Payout Ratio... 8 9 Long-term View...10 12 Global View... 13 16 Active Management... 17 Risk
More informationNavigator Global Equity ETF
CCM-17-12-3 As of 12/31/2017 Navigator Global Equity ETF Navigate Global Equity with a Dynamic Approach The world s financial markets offer a variety of growth opportunities, but identifying the right
More informationQ U.S. Sector. (888)
Q1 2018 U.S. Sector www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
More informationInternational Thematic (ETFs) Select UMA Managed Advisory Portfolios Solutions
Managed Advisory Portfolios Solutions 2000 Westchester Avenue Purchase, New York 10577 Style: Sub-Style: Firm AUM: Firm Strategy AUM: International Equities $912.3 million $36.3 million Year Founded: GIMA
More informationNimbus 9 PORTFOLIO MANAGEMENT
Nimbus 9 STRATEGY HIGHLIGHTS Ticker: PRHYX CUSIP: 741481105 As of September 30, 2017 Total High Yield Assets: $29.8 billion 2 Total High Yield Bond Strategy Assets: 1 $20.9 billion 2 Total Fund Assets:
More information3Q 30 SEPTEMBER 2018 MFS U.K. EQUITY (USD)
3Q 30 SEPTEMBER MFS U.K. EQUITY (USD) INVESTMENT OVERVIEW TEAM Name (Years of industry experience) Title Christopher Jennings, CFA (20 yrs.) Portfolio Manager David Shindler (17 yrs.) Portfolio Manager
More informationGLOBAL DIVIDEND FUND W - ACC SHARES 31 MAY 2017
Global Dividend W - ACC Shares 31 MAY 017 Approach and Style Daniel Roberts uses a bottom-up approach to invest in companies that offer a healthy yield underpinned by a growing level of income, as well
More informationFOR 2018 GLOBAL MARKET OUTLOOK PRESS BRIEFING. PROVIDED TO DESIGNATED MEMBERS OF THE PRESS ONLY, NOT FOR FURTHER DISTRIBUTION.
2018 Global Market Outlook Press Briefing GLOBAL FIXED INCOME Mark Vaselkiv Portfolio Manager, CIO, Fixed Income November 14, 2017 FOR 2018 GLOBAL MARKET OUTLOOK PRESS BRIEFING. PROVIDED TO DESIGNATED
More informationInvesco Wholesale Global Opportunities Funds Monthly Report
Invesco Wholesale Global Opportunities Funds Monthly Report 31 August 2018 Fund performance analysis - hedged - Class A (periods to 31 August 2018) Fund Managers Stephen Anness Fund Manager (Lead), Global
More informationSmall Cap Value Composite GIPS Table
Small Cap Value Composite GIPS Table Total Total Russell 3-Year 3-Year Total Total Total Gross Net 2000 Value Number of Composite Composite Russell 2000 Composite Assets Equity Assets Firm Assets Year/
More informationMACKENZIE EMERGING MARKETS ALL CAP EQUITY USD Q STRATEGY PROFILE FOR INSTITUTIONAL INVESTORS ONLY. NOT FOR DISTRIBUTION TO RETAIL INVESTORS.
EMERGING MARKETS ALL CAP EQUITY USD STRATEGY PROFILE Q3 2018 FOR INSTITUTIONAL INVESTORS ONLY. NOT FOR DISTRIBUTION TO RETAIL INVESTORS. STRATEGY PROFILE Q3 2018 EMERGING MARKETS ALL CAP EQUITY USD SEPTEMBER
More information