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My Account

U.S. Disciplined Large Cap Core Equity

The strategy seeks long-term capital growth by investing in businesses with strong profitability and sustainable earnings.

Strategy Inception

1991

Strategy AUM (USD)

$1.69 B

As of 10/31/2024

  1. Emphasis on Good Businesses

    The strategy pursues profitable, best-in-class businesses selling at attractive prices.

  2. Focus on Fundamentals

    Fundamentally driven models seek to identify attractively priced, growing companies while qualitative reviews capture additional manager insights.

  3. Driven by Stock Selection

    The strategy seeks to outperform its benchmark by balancing risk and return in a portfolio driven by stock selection.

Investment Outlook

View our latest Investment Outlook for a concise, easy-to-scan overview of current opportunities and risks created by today's global markets.

Strategy Facts
Inception Date
06/01/1991
Total Assets
$1.69 B USD
As of 10/31/2024
Benchmark
S&P 500 Index
Target Excess Return
1.0% - 2.5%
Target Tracking Error
1.0% - 4.0%
Target Number of Holdings
100 - 200
Stocks
Cash Exposure
3%
Maximum
Expected Turnover
100% - 200%
Depending on market volatility

Available Vehicles

U.S. and certain other countries

Separate Accounts, Sub-Advised Portfolios, Commingled Vehicles

Risk Guidelines
Maximum Position Size
±4%
Of benchmark weight
Regional Exposure
10%
Maximum non-U.S. exposure
Sector Exposure
±10%
Of benchmark weight
Expected Beta
0.9-1.1

We Believe:

  • Stock fundamentals drive long-term returns.

  • A combination of quantitative research and qualitative reviews helps identify attractive opportunities.

  • Multiple analytical models, each tailored to a specific market segment, are the most effective way to capture attractive opportunities.

  • Systematic model design along with active portfolio monitoring and execution help enhance portfolio outcomes.

Our systematic, repeatable investment process combines rigorous quantitative modeling along with qualitative reviews by experienced portfolio managers:

  • Fundamental screening and security selection leverage multiple, custom-tailored stock selection models that seek to identify strong businesses in each sector.

  • Portfolio construction includes model implementation and an active review process that captures additional insights and balances return and risk.

All models employ a custom-tailored combination of the following fundamental pillars to screen and select qualified investments.

Focus on Operational Quality

Profitability

Earnings Sustainability

Financial Stability

Balance Sheet Strength

Understand Valuation

Earnings, Sales and Free Cash Flow Ratios

Historical and Market Peer Relative Ratios

Identify Business Growth

Sales, Earnings and Cash Flow Growth

Historical and Expected Growth Measures

Capture Non-Financial Information

Market-Based Sentiment Measures

Analyst Expectations

The team’s eleven experienced professionals come from a wide variety of academic and professional backgrounds and perform two key functions:

  • Quantitative research and analysis for model design and implementation

  • Portfolio management for constructing and managing portfolio risk

Portfolio Managers

Stephen Quance avatar
Stephen Quance

Co-CIO - Disciplined Equity, Senior Vice President, Co-Head of Global Analytics

Firm Start

2023

Industry Start

2003

Arun Daniel avatar
Arun Daniel

Portfolio Manager

Head of Disciplined Equity Group Strategies

Firm Start

2022

Industry Start

2001

Team Facts
Assets Under Management
$1.69 B USD
As of 10/31/2024
Location
New York, NY - Santa Clara, CA

Cross-Discipline Support

Client Portfolio Manager
Global Analytics Team

Takeaways

Emphasizes strong businesses selling at attractive prices

Focuses on fundamentals to pursue attractively priced, growing businesses

Pursues returns driven by stock selection

Composite Performance in USD (%)

1 Month
YTD
1 Year
3 Year*
5 Year*
10 Year*
U.S. Disciplined Large Cap Core (gross)as of 10/31/2024
-0.25
21.09
38.17
6.46
12.81
11.00
U.S. Disciplined Large Cap Core (net)as of 10/31/2024
-0.29
20.63
37.53
5.98
12.31
10.44
S&P 500 Indexas of 10/31/2024
-0.91
20.97
38.02
9.08
15.27
13.00

*Annualized

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

Contact Us

Sources: Standard & Poor's, FactSet

Risk management does not imply no risk.

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