Data as of 12/31/16. Index represents the Russell Midcap® Value Index.

TOP HOLDINGS (% of Rep Acct)

Conagra Brands Inc 2.53
Compass Minerals International Inc 2.32
XL Group Ltd 2.32
Noble Energy Inc 2.30
Crown Holdings Inc 2.24
Check Point Software Technologies Ltd 2.11
Invesco Ltd 2.07
Synopsys Inc 2.01
Umpqua Holdings Corp 1.94
Torchmark Corp 1.91
TOTAL21.75

CHARACTERISTICS

Number of Holdings
Equity Issues

74
Market Capitalization
Weighted Average
Median

$10.18B
$8.62B
Portfolio Turnover Ratio
(1-year trailing)

62.12%
Price/Earnings Ratio
(1-year forward)

20.27
Price/Book Ratio
(1-year forward)

3.70
Earnings Growth Rate
(1-year forward)

-1.25%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Allied World Assurance Co Holdings AG
HollyFrontier Corp
Conagra Brands Inc
Wintrust Financial Corp
Mid-America Apartment Communities Inc
DETRACTORS
Simpson Manufacturing Co Inc
Williams-Sonoma Inc
Nordstrom Inc
Westlake Chemical Corp
Crown Holdings Inc

SECTOR ALLOCATION (%)

REP ACCT INDEX 
Financials 19.84 19.93
 
 
Industrials 15.54 12.58
 
 
Real Estate 10.19 13.89
 
 
Information Technology 9.48 8.80
 
 
Materials 9.20 6.04
 
 
Consumer Staples 7.19 3.19
 
 
Energy 7.01 10.61
 
 
Health Care 7.00 4.20
 
 
Utilities 5.32 10.89
 
 
Consumer Discretionary 4.63 8.49
 
 
Cash & Equivalents 4.60 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

REP ACCTINDEX
U.S. 88.92 99.43
Non-U.S. Developed 6.48 0.53
Cash & Equivalents 4.60 -

REGIONS (%)

REP ACCTINDEX
North America 90.28 99.51
Europe 3.01 0.45
Africa/Mideast 2.11 -
Cash & Equivalents 4.60 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (%)

REP ACCTINDEX
$10 Billion to $50 Billion 38.31 57.90
$5 Billion to $10 Billion 30.81 27.99
$1 Billion to $5 Billion 26.28 14.07

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.