DOCSLIB.ORG

Hartford Equity Income I HQIIX Reliable in Tough Conditions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hartford Equity Income I HQIIX Reliable in Tough Conditions Reprinted by permission of Morningstar, Jul. 21, 2021 Hartford Equity Income I HQIIX Reliable in tough conditions. Morningstar's Take HQIIX this portfolio’s sector weightings within 8 hold a stock if its yield falls below the S&P 500's. percentage points of the Russell 1000 Value Reckmeyer can be contrarian, adding to out-of- Morningstar Rating QQQQ Index's, though its industry positioning can still favor stocks whose challenges are more than Morningstar Analyst Rating „ stand out. Its 10% to 14% stake in reflected in their share prices. While he generally pharmaceuticals stocks since mid-2012 has often holds stocks for about four to five years, Reckmeyer Morningstar Pillars been one of the large-value Morningstar is quick to sell if stocks' fundamentals deteriorate Process Above Average Category's highest weightings and 5 to 6 or hit their target price. He can also swap a name Performance — percentage points more than the index. for a similar stock trading at a better valuation. People Above Average Parent Above Average Price — The fund won’t wow in rallies and it can struggle Although Reckmeyer's process is fundamentally when interest-rates spike. Both factors contributed driven, it's not benchmark-agnostic. He keeps the Role In Portfolio Core to its bottom-quintile showing over the past year portfolio's sector weightings within 8 percentage through March 31, 2021. The fund, though, has points of the Russell 1000 Value Index's. That can Fund Performance held up better than the the index and most peers in lead to sizable differences in financials and Year Total Return (%) +/- Category every market drop of 10% or more over consumer staples between this fund and his sleeve YTD 15.32 -2.20 Reckmeyer’s 13-plus years and that’s helped it of Vanguard Equity Income, which is indexed to the 2020 4.62 1.71 2019 26.19 1.15 outperform. FTSE High Dividend Yield Index. Consumer staples 2018 -7.74 0.79 stocks, for example, accounted for about 6.9% of the Russell 1000 Value Index in February 2021, 2017 17.77 1.82 Reckmeyer has no immediate plans to retire, but he versus 13% for the FTSE High Dividend Yield Index. Data through 6-30-21 has begun to make succession plans. It’s likely that Adam Illfelder or Mattew Hand will take over, 4-01-21 | by Alec Lucas comanagers here since late 2018. Although The fund's income orientation shows in its 60- to Reckmeyer will be a hard act to follow, his now 75-stock portfolio. The year-end 2020 portfolio's Hartford Equity Income's reliability merits a seven-person team continues to add talent, projected one-year yield of 2.7% (before fees) Morningstar Analyst Rating of Silver for its including analyst Dan Zoellick in 2020, who pointed ranked in the large-value category's top third. That cheapest shares, while its moderately priced Reckmeyer toward healthcare firm Becton, it did not rank higher shows manager Michael shares get Bronze, and its pricey C shares Neutral. Dickinson and Co. BDX. Its shares became Reckmeyer's total-return focus and caution about attractively valued in November when the market investing in stocks whose yields have become so gravitated toward cyclicals. Whether this pick high that it signals limited growth prospects or a Michael Reckmeyer has distinguished himself works out or not, swimming against the tide has distressed dividend. Reckmeyer hasn't been since joining subadvisor Wellington Management been key to this fund’s success. perfect, however. The portfolio held Kraft Heinz in 1994. His tenure as a lead manager began in KHC in early 2019 when the firm cut its quarterly 2008, when he took over this fund, a slice of dividend by more than one third. Vanguard Equity Income VEIPX, and the equity Process Pillar Above Average | Alec portion of Vanguard Wellesley Income VWINX. Lucas 04/01/2021 These strategies have flourished, and in 2015 he The fund earns an Above Average Process rating While its sector weightings typically hew closely to was the co-recipient of Morningstar's Fund for its focus on yield without neglecting total those of the Russell 1000 Value Index, the fund’s Manager of the Year award in the allocation return. Lead manager Michael Reckmeyer is a industry positioning can stand out. Its 10% to 14% category. stickler for dividends, valuations, and healthy stake in pharmaceuticals stocks since mid-2012 balance sheets. He buys stocks with above- has often been one of the category's highest weightings and 5 to 6 percentage points more than Reckmeyer's process isn't too venturesome, but it average dividend yields and low valuations but the index. Top-15 holdings Johnson & Johnson works. He buys 60 to 75 stocks with above-average unappreciated growth prospects. Typically, these JNJ and Pfizer PFE have each been in the portfolio dividend yields and low valuations but stocks offer a yield above the S&P 500's upon since at least early 2009. Reckmeyer also unappreciated growth prospects. He also keeps purchase. Unlike the strategy he runs for Vanguard Wellesley Income, however, his portfolio here can © 2021 Morningstar, Inc. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. Page 1 of 4, not valid without the others. Reprinted by permission of Morningstar, Jul. 21, 2021 opportunistically bought Eli Lilly LLY for its drug Reckmeyer's experience extends well beyond his strong subadvisor to Hartford's lineup, with pipeline in late 2016. October 2007 start date here. He began in the expertise in non-U.S. strategies. industry in 1984 and joined Wellington a decade later. In 2008, he took over this fund as well as a Since early 2012, Reckmeyer has also departed Hartford Funds mostly leaves day-to-day slice of Vanguard Equity Income and the equity from the index by investing in 7% to 20% of the investment decisions to its well-equipped portion of Vanguard Wellesley Income. He has fund’s assets in overseas dividend payers. Most of subadvisors and instead steers product distinguished himself on all these strategies and these holdings are multinationals that pay stout development, risk oversight, and distribution for its was the co-recipient of Morningstar's 2015 Fund dividends, such as Netherlands' Unilever. At year- strategies. In 2013, the firm reorganized and grew Manager of the Year award in the allocation end 2020, the fund’s 7.8% non-U.S. stake ranked in its product-management and distribution effort. category. the category’s top third. Since then, leadership has added resources to its distribution and oversight teams, merged and Reckmeyer's success has come amid significant liquidated subpar offerings, introduced new Performance Pillar | Alec Lucas 04/01/2021 team changes since the unexpected March 2015 strategies, evolved its strategic partnerships with The fund has a strong record since manager exit of analyst Alexandra Katthagen. The team has MIT AgeLab and AARP, and lowered some fees. Michael Reckmeyer took over as lead in early 2008. navigated six total departures. Two were That said, fees are still not always best in class but Through March 2021, the Y shares' 8.8% retirements, but two were due to poor have improved. annualized gain beat the Russell 1000 Value Index performance, including the August 2019 cessation by 1.2 percentage points and placed in the large- of Ian Link's comanager duties here. Reckmeyer value category's top quintile. Over the same period, has added three analysts since 2017 and tapped the fund's risk-adjusted results were superior, too. team veterans Adam Illfelder and Matthew Hand Price Pillar | Alec Lucas 04/01/2021 as comanagers to replace Link. Reckmeyer, who It’s critical to evaluate expenses, as they come Reckmeyer's focus on well-capitalized dividend has no immediate plans to retire, has begun to directly out of returns. The share class on this payers and willingness to buy them when they're make succession plans. It’s likely that Illfelder or report levies a fee that ranks in its Morningstar out of favor has helped limit the fund's losses in Hand will take over, but he’ll be a hard act to category’s middle quintile. That’s not great, but faltering markets, including early 2020 bear follow. based on our assessment of the fund’s People, market. From the index's Feb. 12 peak through its Process and Parent pillars in the context of these March 23 bottom in 2020, the Y shares' dreadful fees, we think this share class will still be able to Reckmeyer invests at least $500,000 here and 34.6% loss was still 3.5 percentage points better deliver positive alpha relative to the category Hand at least $100,000. Reckmeyer also invests than the index. Amid the credit crisis, the Y shares' benchmark index, explaining its Morningstar more than $1 million each in Vanguard Equity 28.6% loss in 2008 beat the index by 8.2 Analyst Rating of Bronze. Income and Vanguard Wellesley Income. percentage points. The fund also held up relatively well in 2011 and the 2015-16 correction. Parent Pillar Above Average | Elizabeth Foos 12/21/2020 The corollary of the fund's superior showings in Hartford Funds has evolved over the past decade down markets is that it tends to lag in rallies. Its by hiring strong subadvisors, honing its product 2009, 2012, and 2013 calendar-year returns each lineup, and improving some fee structures. These finished in or near the category's bottom third. The efforts support an Above Average Parent Pillar fund's income orientation can also make it rating.
Load more

Recommended publications
  • Invest in Your Retirement—And Yourself—Today, with Help from Comcast Corporation Retirement-Investment Plan and Fidelity
    Comcast Corporation Retirement-Investment Plan Invest in your retirement—and yourself—today, with help from Comcast Corporation Retirement-Investment Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some of what you earn today for what you plan to accomplish tomorrow. Dear Comcaster: It is our pleasure to offer you the opportunity to participate in the Comcast Corporation Retirement- Investment Plan (the ’Comcast Plan’). Your retirement savings plan offers a convenient, tax-deferred way to save for retirement. As an eligible employee of Comcast Corporation, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible earnings. Benefit from: Matching contributions. Comcast helps your contributions grow by matching your 401(k) contributions. Convenience. Your contributions are automatically deducted regularly from your paycheck. Tax-deferred savings opportunities. You pay no taxes on any earnings until you withdraw them from your account, enabling you to keep more of your money working for you now. Tax savings now. Your pretax contributions are deducted from your pay before income taxes are taken out. This means that you can actually lower the amount of current income taxes withheld each period. It could mean more money in your take-home pay versus saving money in a taxable account. Portability. You can roll over eligible savings from a previous employer into this Plan. You can also take your vested account balance with you if you leave the company. Automatic annual increases. Save a little more each year, the easy way — the Annual Increase Program automatically increases your contribution rate by 1% each year up to 10% of your pretax eligible earnings.
    [Show full text]
  • STRS Ohio Smarttalk Newsletter
    Quarterly investment newsletter for STRS Ohio members participating in the Defined Contribution and Combined Plans SUMMER 2021 STRS Ohio’s Fiscal 2022 Investment Plan calls for returns near expected policy return of 6.84% in the year ahead STRS Ohio Investment staff presented its Investment The Retirement Board’s investment consultants, Callan LLC Plan for the 2022 fiscal year at the June Retirement Board and Cliffwater LLC, reviewed and expressed support for meeting. The plan details staff’s investment strategy for the Investment Plan. The plan is available on the STRS Ohio each asset class in the system’s total fund. Fiscal year 2022 website at www.strsoh.org. STRS Ohio’s plan and forecast began on July 1 and runs through June 30, 2022. The fiscal is designed for a large institutional investor and may 2022 Investment Plan projects a combined overall return not be appropriate to an individual investor’s portfolio among all asset classes to be near STRS Ohio’s expected allocation, time horizon or risk tolerance. Like all economic policy return of 6.84% (assuming the total fund’s current forecasts, it should not be relied upon as an indicator of allocation). The plan forecast calls for a growing U.S. future results. For more personalized assistance, you can economy and for inflation to remain within a tolerable reach a Nationwide Retirement Solutions (NRS) Retirement range during the fiscal year. Specialist toll-free at 866-332-3342. Review your asset allocation Investment Style Asset Classes (allocation) ■ Cash 30% following strong equity market returns ■ Bonds 40% Domestic and international equity returns have been exceptionally CONSERVATIVE ■ Large-cap stocks 16% ■ Mid-cap stocks 4% strong for over a year now.
    [Show full text]
  • EXELON CORPORATION EMPLOYEE SAVINGS PLAN (Full Title of the Plan)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K ☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2007 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16169 EXELON CORPORATION EMPLOYEE SAVINGS PLAN (Full title of the Plan) EXELON CORPORATION (a Pennsylvania Corporation) 10 South Dearborn Street P.O. Box 805379 Chicago, Illinois 60680-5379 (312) 394-7398 (Name of the issuer of the securities held pursuant to the Plan and the address of its principal executive offices) Table of Contents EXELON CORPORATION EMPLOYEE SAVINGS PLAN INDEX TO FORM 11-K Page No. Report of Independent Registered Public Accounting Firm 1 Financial Statements: Statements of Net Assets Available for Benefits as of December 31, 2007 and 2006 2 Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2007 3 Notes to Financial Statements 4 - 13 Supplemental Schedule: Schedule of Assets (Held at End of Year) as of December 31, 2007, Schedule H, Part IV, Item 4i of Form 5500 14 Note: All other schedules of additional information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable. Exhibit Index 15 Signatures 16 Exhibits 17 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Participants and the Administrator of the Exelon Corporation Employee Savings Plan: We have audited the accompanying statements of net assets available for benefits of the Exelon Corporation Employee Savings Plan (the “Plan”) as of December 31, 2007 and 2006, and the related statement of changes in net assets available for benefits for the year ended December 31, 2007.
    [Show full text]
  • Attribution Report
    Quarterly Review As of 06/30/2021 MassMutual Equity Opportunities Fund* Wellington Management Company LLP | T. Rowe Price & Associates, Inc. I SHARE CLASS TICKER: MFVZX Fund Objective: This Fund seeks growth of capital over the long-term. Sector Weightings: Defines what % of each sector this fund holds Portfolio Attribution: Describes how fund manager sector and stock compared to its benchmark listed here. weighting decisions affected returns. Fund Russell 1000® Index QTD YTD 30 1 20 0 10 -1 Percent of Portfolio Value Added vs. Benchmark (%) 0 -2 Cash Cash Utilities Utilities Energy Energy Materials Materials Financials Financials Industrials Industrials Real Estate Real Estate Health Care Health Care Comm. Services Comm. Services Consumer Discr. Consumer Discr. Information Tech. Information Tech. Consumer Staples Consumer Staples Sector Attribution Details: Quarterly Portfolio Commentary: Sector Fund Weight QTD YTD Communication Services 1.43 -0.32 -0.49 Laurie Goodreau, CFA Investment Director Consumer Discretionary 10.11 -0.07 -0.56 Investment Experience: 30 Years Consumer Staples 16.85 -0.21 -1.20 Energy 1.79 -0.20 -0.55 Financials 17.39 0.40 0.74 HIGHLIGHTS • The Russell 1000 Index outpaced all three Russell value indexes and its Health Care 17.40 -0.71 -0.52 lower capitalization indexes in core while trailing the Russell 1000 Industrials 13.20 -0.05 -0.23 Growth and the Russell Mid-Cap Growth Indexes. Information Technology 7.77 -0.66 0.33 • All economic sectors of the Index delivered positive absolute returns except the utility sector. Materials 4.12 -0.12 -0.25 • Sector allocation was negative due to an overweight to consumer Real Estate 3.20 0.07 0.12 staples and an underweight to information technology.
    [Show full text]
  • Federated Hermes Kaufmann Large Cap Fund
    Federated Hermes Kaufmann Large Cap Fund 6/30/21 Fund description The fund seeks to provide capital appreciation by investing primarily in securities of large-cap companies. Utilizing an intensive, bottom-up security selection process, the fund focuses on companies that exhibit Fund facts positive growth characteristics. Performance inception date Average annual total returns (%) Performance shown is before tax. 12/5/07 Expense ratio* Since Before After Benchmark 3-month YTD 1-year 3-year 5-year 10-year inception waivers waivers Russell 1000® Growth Index R6 Shares 11.44 8.77 30.55 21.52 20.24 16.28 13.08 0.87 0.78 Morningstar category Institutional Shares 11.45 8.73 30.45 21.43 20.17 16.23 13.23 0.93 0.84 Large Growth A Shares (NAV) 11.36 8.57 30.11 21.13 19.86 15.94 12.94 1.18 1.09 Lipper classification A Shares (MOP) 5.24 2.61 22.96 18.87 18.52 15.28 12.47 1.18 1.09 Multi-Cap Growth Funds Benchmark 11.93 12.99 42.50 25.14 23.66 17.87 – – – Fund assets 50 $4.6 billion 42.50 41.70 Ticker symbols 40 R6 Shares - KLCSX 30.45 30 25.14 23.66 Institutional Shares - KLCIX 22.56 21.98 21.43 20.17 17.87 A Shares - KLCAX 20 16.23 15.99 Total returns (%) 11.93 C Shares - KLCCX 11.45 10.28 10 R Shares - KLCKX Key investment team 0 Hans Utsch 3-month 1-year 3-year 5-year 10-year Tom Brakel, M.D.
    [Show full text]
  • Vanguard Russell 1000 Index Fund Vanguard
    Vanguard Russell 1000 Index Fund Vanguard Russell 1000 Value Index Fund Vanguard Russell 1000 Growth Index Fund Vanguard Russell 2000 Index Fund Vanguard Russell 2000 Value Index Fund Vanguard Russell 2000 Growth Index Fund Vanguard Russell 3000 Index Fund Supplement Dated July 19, 2021, to the Prospectuses and Summary Prospectuses Dated December 22, 2020 Important Changes to the Funds Effective immediately, Nick Birkett has been named as a co-portfolio manager of Vanguard Russell 1000 Index Fund, Vanguard Russell 1000 Value Index Fund, Vanguard Russell 1000 Growth Index Fund, Vanguard Russell 2000 Index Fund, Vanguard Russell 2000 Value Index Fund, Vanguard Russell 2000 Growth Index Fund, and Vanguard Russell 3000 Index Fund. He replaces Michael A. Johnson, who had previously co-managed the Funds, and joins Walter Nejman, who will continue to co-manage the Funds. The Funds’ investment objectives, strategies, and policies remain unchanged. Prospectus and Summary Prospectus Text Changes The following replaces Michael A. Johnson under the heading “Investment Advisors” in the Fund Summary or ETF Summary section for each Fund: Nick Birkett, Portfolio Manager at Vanguard. He has co-managed the Fund since July 2021. Prospectus Text Changes The following replaces Michael A. Johnson under the heading “Investment Advisors” in the More on the Funds and More on the Funds and ETF Shares sections respectively: Nick Birkett, Portfolio Manager at Vanguard. He has worked in investment management since 2006; has been with Vanguard since 2017; and has co-managed Russell 1000 Index, Russell 1000 Value Index, Russell 1000 Growth Index, Russell 2000 Index, Russell 2000 Value Index, Russell 2000 Growth Index, and Russell 3000 Index Funds since July 2021.
    [Show full text]
  • Ishares Russell 1000 Large-Cap Index Fund Fact Sheet
    iShares Russell 1000 Large-Cap BRGKX Index Fund As of 06/30/2021 | Class K: BRGKX | Institutional: BRGNX | Investor A: BRGAX INVESTMENT STRATEGY Invests in a portfolio of assets whose performance seeks to match the performance of the Russell 1000® Index. Rated against 1,257 Large Blend Funds, as of 06/30/2021 based on risk adjusted total return. Overall Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.†† ANNUALIZED PERFORMANCE KEY FACTS Without Sales Charge 1 Year 3 Year 5 Year 10 Year Size of Fund (Millions) $682.3M Class K 42.95 19.06 17.89 14.78 Fund Launch Date 03/31/2011 Benchmark 43.07 19.16 17.99 14.90 Share Class Launch Date 03/31/2011 Morningstar Average 40.47 16.77 16.15 13.21 Morningstar Category Large Blend Number Of Holdings 1,024 CALENDAR YEAR PERFORMANCE Benchmark Russell 1000 Index Without Sales Charge 2016 2017 2018 2019 2020 YTD 2Q2021 ANNUAL EXPENSES Class K 11.92 21.60 -4.85 31.28 20.84 14.92 8.50 Gross Expense Ratio 0.08% Benchmark 12.05 21.69 -4.78 31.43 20.96 14.95 8.54 Net Expense Ratio 0.08% Morningstar Average 10.37 20.44 -6.27 28.78 15.83 14.84 7.55 The Net Expense Ratio excluding Investment Performance data shown represents past performance which is no guarantee of future results.
    [Show full text]
  • Russell US Indexes – 40 Years of Insights
    Research Russell US Indexes – 40 years of insights June 2019 | ftserussell.com Table of contents Russell 3000 – Mirroring the US equity market 3 Introduction 3 US equity performance vs other asset classes 5 US equity performance in different economic regimes 6 Real equity returns 10 US equity valuations over time 11 The changing structure of the US economy 15 Sector shifts – from manufacturing to services 15 Top 10 Stocks – from Energy to Technology 19 Large- and small-cap US equity markets 20 Performance: Large cap vs. small cap 21 Sector weights: Large cap vs. small cap 23 Valuations: Large cap vs. small cap 27 Summary 29 References 30 ftserussell.com 2 Introduction The Russell US Indexes were created in 1984 by the Frank Russell Company Four decades of Russell US Index (now part of FTSE Russell) with the goal of providing accurate representation data provide a wealth of insights of the investable US equity market. When initially introduced, the Russell into the ongoing US equity market indexes provided five years of simulated back-history so that a historical record evolution would exist, enabling investors to use the indexes at launch without requiring a live track record to be accumulated. As a result, there are now 40 years of performance, characteristics and sector data available for the major indexes within the Russell US Index family as of year-end 2018. The depth and detail of this available information allows us to take a deeper historical view of the US equity market to help investors understand its dynamics and how US equity fits into their overall asset allocation.
    [Show full text]
  • Ishares Russell 1000 Large-Cap Index Fund BRGAX Investor a As of 30-Jun-2021
    iShares Russell 1000 Large-Cap BRGAX Index Fund As of 06/30/2021 | Class K: BRGKX | Institutional: BRGNX | Investor A: BRGAX INVESTMENT STRATEGY Invests in a portfolio of assets whose performance seeks to match the performance of the Russell 1000® Index. Rated against 1,257 Large Blend Funds, as of 06/30/2021 based on risk adjusted total return. Overall Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.†† ANNUALIZED PERFORMANCE KEY FACTS With Sales Charge 1 Year 3 Year 5 Year 10 Year Size of Fund (Millions) $682.3M Investor A N/A N/A N/A N/A Fund Launch Date 03/31/2011 Without Sales Charge 1 Year 3 Year 5 Year 10 Year Share Class Launch Date 03/31/2011 Investor A 42.51 18.71 17.53 14.43 Morningstar Category Large Blend Benchmark 43.07 19.16 17.99 14.90 Number Of Holdings 1,024 Morningstar Average 40.47 16.77 16.15 13.21 Benchmark Russell 1000 Index CALENDAR YEAR PERFORMANCE ANNUAL EXPENSES Gross Expense Ratio 0.68% Without Sales Charge 2016 2017 2018 2019 2020 YTD 2Q2021 Net Expense Ratio 0.38% Investor A 11.61 21.16 -5.15 30.98 20.45 14.73 8.44 The Net Expense Ratio excluding Investment Benchmark 12.05 21.69 -4.78 31.43 20.96 14.95 8.54 Related Expenses is 0.38% Investment Related Morningstar Average 10.37 20.44 -6.27 28.78 15.83 14.84 7.55 Expenses include acquired fund fees of 0.00%, Performance data quoted represents past performance and is no guarantee of future results.
    [Show full text]
  • Russell US Indexes (123) Presentation
    US market volatility A historical perspective ftserussell.com March 2020 FTSE Russell 1 FTSE Russell is not an investment firm and this presentation is not advice about any investment activity. None of the information in this presentation or reference to a FTSE Russell index constitutes an offer to buy or sell, or a promotion of a security. This presentation is solely for informational purposes. Accordingly, nothing contained in this presentation is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of making any investment through our indexes. Views expressed are subject to change. These views do not necessarily reflect the opinion of FTSE Russell or London Stock Exchange Group plc. FTSE Russell 2 Assets benchmarked to the Russell US Indexes ~ $8 trillion in assets benchmarked to Russell US Indexes • A long history of providing institutional investors with precise, predictable tools to build, manage and measure portfolios • Tracked by 65% of active US equity institutional funds* • 14 of the 15 most frequently used US institutional equity benchmarks* 1% Micro & Mega Cap Series 14% 18% 18% 49% Russell 3000® Russell 2000® Russell Midcap® Russell 1000® (Broad Cap) (Small Cap) (Large Cap) Data as of December 31, 2018 as reported on April 1, 2019 by eVestment for institutional assets, Morningstar for retail mutual funds, insurance products, and ETFs, and additional passive assets directly collected by FTSE Russell. AUM data includes blended benchmarks and excludes futures and options. Passive assets directly collected by FTSE Russell have been removed from third party sources to prevent double counting. No assurances are given by FTSE Russell as to the accuracy of the data.
    [Show full text]
  • Fund Commentary (PDF)
    SECOND QUARTER 2021 INVESTMENT COMMENTARY Share Class A Advisor C Institutional Institutional 2 Institutional 3 R Symbol SLMCX SCIOX SCICX CCIZX SCMIX CCOYX SCIRX Overall Morningstar RatingTM Columbia Seligman Technology and Class A Institutional Class Information Fund The Morningstar Rating is for the indicated Effective June 9, 2021, Columbia Seligman Communications and Information Fund was renamed the share classes only as of 06/30/21; other classes Columbia Seligman Technology and Information Fund to better represent the universe in which the fund may have different performance characteristics. The Morningstar ratings for the overall, invests. three-, five- and 10-year periods for Class A shares are 4 stars, 5 stars, 4 stars and 3 Fund performance stars and for Institutional Class shares are 4 ▪ Institutional Class shares of Columbia Seligman Technology and Information Fund stars, 5 stars, 4 stars and 4 stars among 215, 215, 182 and 157 Technology funds returned 9.62% for the second quarter. respectively, and are based on a Morningstar Risk-Adjusted Return measure. ▪ The fund’s benchmark, the S&P North American Technology Sector Index, returned 12.29% for the quarter. With a return to work focus ▪ For monthly performance, please visit columbiathreadneedle.com. prompting increases in office IT spending, we think our Market overview companies are well The U.S. stock market gained 8.54% in the second quarter, as gauged by the Russell 1000 Index, bringing its year-to-date return to 14.95%. This marked the fifth consecutive positioned for the coming calendar quarter of positive returns for the index, underscoring the strength in market earnings deluge.
    [Show full text]
  • Large Cap Value Equity Portfolio GTMEX Q3 | 2020
    Large Cap Value Equity Portfolio GTMEX Q3 | 2020 Investment Philosophy Fund Facts We believe a diversified strategy of Universe Russell 1000 Index undervalued stocks with above-average Benchmark Russell 1000 Value Index potential for price appreciation may achieve above-benchmark long-term Fund Inception January 4, 1993 capital appreciation. Expense Ratio 1.00% Morningstar Large Value Category Average Expense Ratio 1.01% Investment Strategy • Applies multi-factor quantitative screens to identify and rank stocks Assets Under Management as of 9/30/2020 with valuations below sector averages. Glenmede Large Cap Value Equity Portfolio $20.7 Million • Conducts fundamental research to identify positive earnings trends and Glenmede Investment Management $10.5 Billion other potential catalysts for price appreciation. • Screens and reevaluates holdings on Morningstar Rating an ongoing basis, applying a rigorous 9/30/2020 Overall 3 Yr 5 Yr 10 Yr sell discipline. GTMEX êê êê êê êê #Funds in Large Value Category 1120 1120 984 709 Product Highlights Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from • Focus on companies with value a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year (if applicable) characteristics plus strong Morningstar Rating™ metrics. fundamentals. • Disciplined, consistent investment process integrating fundamental and Performance (%) As of 9/30/2020 quantitative approaches. Since QTD YTD 1 Yr 3 Yr1 5 Yr1 10 Yr1 Incept1 • Value and fundamentals-based sector GTMEX 1.24 -18.17 -10.32 -0.91 5.71 8.21 8.21 rotation. Russell 1000 Value 5.59 -11.58 -5.03 2.63 7.66 9.95 9.12 Management Team Excess Return -4.35 -6.59 -5.29 -3.54 -1.95 -1.74 -0.91 1Annualized returns.
    [Show full text]