Global Equity
ACTIVE
Traditional Active
Our U.S., global, and international active equity strategies invest in diversified stocks with the objective of outperforming their respective benchmarks. Security selection is based on systematic analysis of fundamental factors. Our strategies also strive to keep the country, currency, and sector exposures within close range of benchmark weights.
|
Core
|
Value
|
Growth
|
|
|---|---|---|---|
| Large Cap | x |
x |
x |
| Mid Cap | x |
x |
x |
|
Small Cap
|
x |
x |
x |
|
Micro
|
x |
||
|
Global/International
|
x |
||
Enhanced Indexing
The Enhanced Large Cap and Enhanced Mid Cap strategies invest in large and mid capitalization stocks in the U.S. based on a proprietary ranking process which utilizes fundamentally-based factors to identify stocks with relatively higher expected returns. The portfolio seeks to exceed the benchmark while maintaining similar index characteristics. Tracking error is moderate but expected to be less than that of a traditional active U.S. equity strategy.
130/30
Our 130/30 strategies use proprietary composite rankings of fundamental factors to identify attractive and unattractive U.S. stocks and take long and short positions accordingly. These strategies are designed to short approximately 30% of the portfolio and use the proceeds to obtain long equity exposure of approximately 130%. A market beta of approximately 1 is maintained at all times.
Equity Market Neutral
The Equity Market Neutral strategy takes long and short positions in U.S. stocks while seeking to maintain a beta of zero and a neutral position in terms of style, sector, industry, and dollar value. Investment decisions are based on Mellon Capital's proprietary fundamentals-based stock ranking process.
PASSIVE
Equity Indexing
Our equity indexing strategies are designed to mimic the performance and characteristics of the designated index with full replication in most cases.
Below is a partial list of our equity indexing offerings.
|
Strategy
|
Benchmark
|
|---|---|
| Stock Index | S&P 500® |
|
Mid Cap Stock Index
|
S&P MidCap 400® |
|
Large Cap Stock Index
|
Russell 1000® |
|
Large Cap Value Stock Index
|
Russell 1000® Value |
|
Large Cap Growth Stock Index
|
Russell 1000® Growth |
|
Small Cap Stock Index
|
Russell 2000® and S&P 600® |
|
Smid Cap Stock Index
|
Russell 2500™ |
|
Broad Market Cap Stock Index
|
Russell 3000® |
|
Market Completion Index
|
Dow Jones U.S. Completion Total Stock Market IndexSM * |
|
U.S. Equity Market Index
|
Dow Jones U.S. Total Stock Market IndexSM ** |
|
REIT Index
|
Dow Jones Wilshire REIT |
|
International Equity Index
|
MSCI EAFE® |
|
All Country World, ex-US, and All Cap
|
MSCI All Country World®, ex-US, and Investable Market Indexes |
|
Emerging Markets, Small Cap, and All Cap
|
MSCI Emerging Markets®, Small Cap, and Investable Market Indexes |
*Effective 3/31/09, the index was change from the Dow Jones Wilshire 4500 Completion Index to the Dow Jones U.S. Total Stock Market IndexSM
*Effective 3/31/09, the index was change from the Dow Jones Wilshire 5000 Composite Index to the Dow Jones U.S. Completion Total Stock Market IndexSM
“Standard & Poor’s®”, “S&P®”, “S&P 500® Index”, “Standard & Poor’s 500®”, S&P Small Cap 600® Index, and “S&P Mid Cap 400® Index” are trademarks of McGraw-Hill, Inc., and have been licensed for use by Mellon Capital. The Products mentioned are not sponsored, endorsed, sold, or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Products.
Russell Investments is the owner of the trademarks and copyrights relating to the Russell 1000® Index, the Russell 2000® Index, the Russell 2500™ Index, the Russell 3000® Index, the Russell Midcap® Growth Index, and the Russell Midcap® Value Index.
“Dow Jones”, “Dow Jones U.S. Total Stock Market IndexSM”, and “Dow Jones U.S. Completion Total Stock Market IndexSM”, are service marks of Dow Jones & Company, Inc. and has been licensed for use for certain purposes by Mellon Capital Management Corporation and The Bank of New York Mellon Corporation. The Bank of New York Mellon’s EB DV U.S. Equity Market Fund based on the Dow Jones U.S. Total Stock Market IndexSM, and EB DV Market Completion Fund based on the Dow Jones U.S. Completion Total Stock Market IndexSM are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones does not make any representation regarding the advisability of investing in such products.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.