Small/Mid Cap Core Fund - Portfolio

Sector Allocation as of

Communication Services
23.4%
Financials
17.6%
Health Care
13.8%
Consumer Discretionary
11.1%
Information Technology
9.3%
Materials
7.5%
Consumer Staples
6.0%
Industrials
5.4%
Energy
3.9%
Utilities
0.9%
Cash & Cash Equivalents
1.1%

Top Ten Industry Groups as of

Media & Entertainment
21.2%
Retailing
8.1%
Materials
7.5%
Health Care Equipment & Services
7.3%
Banks
7.2%
Pharma, Biotech & Life Sciences
6.5%
Diversified Financials
5.5%
Capital Goods
5.4%
Technology Hardware & Equipment
5.1%
Food, Beverage & Tobacco
5.1%

Top Ten Positions as of

% OF PORTFOLIO
Alphabet, Inc. 6.5%
Nomad Foods Ltd. 5.1%
Facebook, Inc. 5.0%
Assured Guaranty Ltd. 4.9%
Crown Holdings, Inc. 4.9%
JPMorgan Chase & Co. 4.8%
Comcast Corp. 4.4%
Thermo Fisher Scientific, Inc. 4.1%
Quanta Services, Inc. 3.9%
Activision Blizzard, Inc. 3.6%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $805.7 M
Portfolio P/E Forecast 12 Months* 18.1x
Portfolio P/E Trailing 12 Months* 16.3x
Portfolio Price to Cash Flow* 11.1x
Portfolio Price to Book* 1.8x
Median Market Capitalization* $17.6 B
Number of Holdings 36
7-Year Beta* (A Shares vs. S&P 500 TR) 1.04
Active Share* (vs. S&P 500 TR) 88.6%
* Source: FactSet

Portfolio Composition as of

Basic Value
42.2%
Consistent Earners
46.4%
Emerging Franchises
10.3%
Cash & Cash Equivalents
1.1%
The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
67.5%
Mid Cap ($2.5 to $12 B)
21.4%
Small Cap (< $2.5 B)
11.1%
The percentages may not add up to 100 due to rounding.
Important Information