Large-Cap Core Equity

Objectives

• Consistently generate returns in excess of the S&P 500 while experiencing similar or less risk
• Provide clients a diversified equity strategy that has exposure to large-cap growth, value and mid-capitalization stocks

Process

• Investment Policy Committee determines sector weighting relative to the S&P 500 based on macroeconomic environment and input from sector specialists
• Sector specialists identify stocks that are best positioned on a fundamental and strategic basis to outperform their peers

Characteristics

• Composition: Large-cap U.S. equities with market capitalization more than $1.5 billion
• Positions: 50 to 70
• Turnover: 50 to 60 percent
• Benchmarks: S&P 500 Index

Team

George Hosfield, CFA
Ralph Cole, CFA
Dean Dordevic
Lori Flexer, CFA
Mark Kralj
Shawn Narancich, CFA
Jason Norris, CFA
James Rudd

(as of 3/31/2012)