Portfolio Styles

 

 

 
AN INVESTMENT PLAN TAILORED TO YOUR NEEDS...

Our Group will design your portfolio according to your specific financial goals, and then use a disciplined investment approach in pursuing your objectives. The Moran Asset Management Group will work with you to establish the appropriate asset allocation that provides maximum expected performance in accordance with your risk tolerance and investment goals.*
 
 
Portfolio Details
Asset Class & Category
Click on each Portfolio Fact Sheet Link to learn more.
 
Domestic Equity Large Capitalization:
Conservative Growth
Objective: Capital appreciation and current income.
CGRO (11/30/95)
G.A.R.P.**
Strategy: The PIM portfolio managers seek to achieve this objective by investing primarily in large capitalization companies with attractive dividend yields. We aim at strong total investment returns by combining a focus on earning growth with attention to the current price of a share. This discipline discourages us from paying too much for a projected growth or from continuing to hold a stock when the market offers more than a fair price. Please click on the fact sheet on the left for more information.
Conservative Value
Objective: Long term growth of capital and income.
CVAL (12/31/2000)
Value
Strategy: The PIM portfolio managers seek to achieve this objective by favoring ownership of high quality, large capitalization, dividend paying stocks with attractive valuations. Stocks in this portfolio generally have yields greater than or equal to those of the S&P 500. This portfolio will look for potential values in the equity market by investing in leading companies that are currently out of favor but still provide a high dividend yield. We expect the portfolio to consist of approximately 30 to 35 companies. Please click on the fact sheet on the left for more information.
Defensive Total Return
Objective: Long term capital appreciation and reduced portfolio volatility.
DTR (5/31/1999)
Value
Strategy: The PIM portfolio managers seek to achieve this objective by investing primarily in U.S. listed common stocks and equity index securities. We attempt to achieve market oriented results and reduced portfolio volatility by employing a disciplined investment approach of equity selection overlaid with defensive strategies to help reduce overall market exposure, volatility and risk. Please click on the fact sheet on the left for more information.

 

Domestic Equity All Capitalization:
All Cap Growth
Objective: Above average earnings growth and positive earnings momentum.
AGRO (5/31/1997)
Growth
Strategy: This PIM style attempts to remain fully invested and focuses on individual companies rather than industries or sectors. We attempt to control risk by diversifying the portfolio and by maintaining a strong sell discipline. Investment decisions are based on the application of proprietary quantitative models. We systematically search for and identify signs of positive fundamental change; seeking to realize the growth potential of companies we believe are likely to exceed the stock market's earning expectations. Please click on the fact sheet on the left for more information.
Millenium
Objective: Long term capital appreciation.
MILL (3/23/1999)
Growth
Strategy: The PIM portfolio managers seek to achieve this objective by investing in U.S. listed common stocks and equity index securities. We attempt to achieve market oriented results and reduced portfolio volatility by employing a disciplined investment approach of equity selection overlaid with defensive strategies to help reduce overall market exposure, volatility and risk. Please click on the fact sheet on the left for more information.
Moderate Growth
Objective: Long term capital appreciation.
MGRO (3/31/1990)
G.A.R.P.**
Strategy: The PIM portfolio managers seek to achieve this objective by investing in the common stocks of some of America's most well known growth companies. We attempt to identify companies that will be able to grow their sales earnings and ultimately the stock prices faster than the overall market. The PIM portfolio manager will employ proprietary quantitative strategies to develop portfolios we feel are comprised of attractively valued companies. Superior absolute and relative earnings growth, earnings predictability, and confidence in earning forecast are important parts of the selection process. In addition we look for companies experiencing some or all of the following: high sales growth, high unit growth, high or improving returns on assets and equity, and a strong balance sheet. Please click on the fact sheet on the left for more information.
Moderate Select
Objective: Long term growth of capital.
MSEL (5/31/1997)
Core
Strategy: The PIM portfolio managers seek to achieve this objective by combining the Moran Group's top 20 ranked stocks from both our Moderate Growth and Moderate Value styles in one unique portfolio. We believe that overall volatility of returns can be reduced by including two styles in one portfolio and still provide returns consistent with our long term objectives. Please click on the fact sheet on the left for more information.
Moderate Value
Objective: Long term growth of capital.
MVAL (12/31/1995)
Relative Value
Strategy: The PIM portfolio managers seek to achieve this objective by investing primarily in the common stocks of established companies which in our opinion are temporarily undervalued relative to a company's perceived worth and whose growth prospects are largely unrecognized by the market. We believe the companies in this portfolio to be in sound financial condition and to have the potential for price appreciation greater than the broadly based stock market indices. Please click on the fact sheet on the left for more information.
Strategic Equity Blend
Objective: Long term growth of capital.
STEB (08/31/2001)
Core
Strategy: The PIM portfolio managers seek to achieve this objective by combining stocks from three distinct investment disciplines to create a unique portfolio. The portfolio will select an equal percent of growth, value and momentum stocks, which we believe to be attractive. We believe that holding these three styles in one portfolio can help to reduce the overall volatility of returns without sacrificing our long-term objective. Please click on the fact sheet on the left for more information.
Momentum
Objective: Achieve returns greater than the broadly based stock indices.
MOTM (3/31/2000)
Growth
Strategy: This PIM style seeks to achieve its objective by employing trading strategies that include relative strength and price momentum screens. The portfolio manager anticipates a high level of turnover in this style and as a defensive measure may frequently hold a large percentage of cash. This style involves a significant degree of risk and is only suitable for those investors able to bear the economic risk of loss and volatility. Please click on the fact sheet on the left for more information.

 

Specialty:
Natural Resources
Objective: Long term capital appreciation and current income.
NATR (10/31/2003)
Relative Value
Strategy: This style seeks protection against inflation and monetary instability by investing primarily in equity securities in the energy and natural resources industries. The PIM managers expect concentration in stocks of companies, which in our opinion are temporarily undervalued relative to other companies in the oil and gas, chemicals, metals and mining, and paper and forest products sectors. Please click on the fact sheet on the left for more information.
Global Multi-Asset Strategy
Global Multi-Asset Strategy
Objective: Long term capital appreciation and reduced portfolio volatility.
GMAS (5/22/2007)
Core
Strategy: The Global Multi-Asset Strategy blends capital market, strategic and tactical asset allocation, and active risk management to attempt to develop and implement optimal portfolios for clients interested in cross asset class solutions to their investment needs. This style attempts to extend the more traditional balanced portfolio approach which traditionally invests in only two asset classes - domestic equities and bonds. The Global Multi-Asset Strategy seeks to capture the benefits of diversification and the advantages that come from the dissimilarity in return patterns across different asset classes. This strategy is predicated on the belief that, historically all assets have deviated from their fair value and that the identification of these misevaluations among broad asset classes can add substantial value to performance over time. To determine the relative attractiveness of asset class, our asset allocation models use a disciplined quantitative process to identify and capture these misevaluations. The Global Multi-Asset Strategy is designed to make a series of low correlated investments in a risk controlled framework, and to deliver consistent added value over a full business cycle.
 
 
Global/International:
International
Objective: Above average earnings growth and positive earnings momentum.
INTL (2/28/2001)
Core
Strategy: This strategy invests approximately 75% of the portfolio in I-Shares and 25% in closed end mutual funds. Click on the fact sheet to learn more.
Note: Separate account manager styles may shift over time.  
*Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.
**G.A.R.P. = Growth At a Reasonable Price
The prices of small company stocks are generally more volatile than large company stocks. They often involve higher risks because smaller companies may lack the management expertise, financial resources, product diversification and competitive strengths to endure adverse economic conditions. Investing in foreign securities presents certain risks not associated with domestic investments, such as currency fluctuation, political and economic instability, and different accounting standards. Investments that are concentrated in a specific sector or industry may be subject to a higher degree of market risk than investments that are more diversified. This may result in greater share price volatility.