U.S. Core Equity
Flexibility to invest across size and style
Seeks companies with durable growth potential across market capitalization and style spectrum
Disciplined research process
Pursues long-term, underappreciated growth potential driven by earnings growth, cash flow growth, and upward revaluation potential
Rigorous stock selection
Aims to benefit from long-term compounding of portfolio companies to drive superior long-term performance
Strategy highlights
Inception date
October 31, 2010
Benchmark
Russell 3000 Index
Total strategy assets†
$4.6B
(as of March 2024)
Investment vehicles
- Separate account
- U.S. mutual fund
No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss.
†Assets may include accounts that are not reflected in the composite.
Investment team
Performance
Annualized composite performance (%) as of March 31, 2024
| MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|---|---|---|
| U.S. Core Equity (gross) | 3.96% | 11.78% | 11.78% | 35.05% | 12.85% | 17.81% | 13.93% |
| U.S. Core Equity (net) | 3.91% | 11.63% | 11.63% | 34.31% | 12.22% | 17.16% | 13.29% |
| Russell 3000 Index | 3.23% | 10.02% | 10.02% | 29.29% | 9.78% | 14.34% | 12.33% |
Calendar-year composite performance (%) as of March 31, 2024
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| U.S. Core Equity (gross) | 28.96% | -15.23% | 31.68% | 18.57% | 33.46% | -7.19% | 25.00% | 14.55% | -2.06% | 14.89% |
| U.S. Core Equity (net) | 28.25% | -15.70% | 30.96% | 17.91% | 32.72% | -7.71% | 24.30% | 13.90% | -2.61% | 14.25% |
| Russell 3000 Index | 25.96% | -19.21% | 25.66% | 20.89% | 31.02% | -5.24% | 21.13% | 12.74% | 0.48% | 12.56% |
Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.
Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest.
Literature
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Important disclosures
Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the Composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The Composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the Composite's investment strategy. Benchmarks are generally taken from published sources and may have different calculation methodologies, pricing times, and/or foreign-exchange sources from the Composite. The effect of those differences is generally deemed to be immaterial. The securities holdings of the Composite strategy may differ materially from those of the index used for comparative purposes.