Large Cap Dividend Value

Objectives

• Value strategy
• Total return above benchmark with less volatility and above average cash flows  
• Inclusion of dividend-paying stocks in client portfolios

Process

• Seek companies with strong cash flow growth, high return-on-equity and attractive valuations

Characteristics

• Composition: Dividend-paying equities that have the ability to increase at above-average rates and/or pay a significant special dividend
• Positions: 35 to 45
• Turnover: 30 to 40 percent
• Benchmarks: Russell 1000 Value Index

Team

Jason Norris, CFA
Shawn Narancich, CFA
Ralph Cole, CFA
Lori Flexer, CFA

(as of 3/31/2012)