Outlook and positioning
Posted: Thu Jul 10, 2025 5:34 am
manager behavior, the methodology used to determine growth probability approximates the
aggregate large-cap growth manager's opportunity set.The Russell 1000 Value Index offers investors access to the large-cap value segment of the U.S.
equity universe. The Russell 1000 Value is constructed to provide a comprehensive and unbiased
barometer of the large-cap value market. Based on ongoing empirical research behavior, the probability approximates theaggregate large-cap value manager's opportunity ssoftware and design programs for engineers and architects. In addition, bank ATM-maker
Diebold added nicely to results. Early in the quarter, the company announced strong
earnings, driven by a double-digit jump in their core mobile database financial self-service business and the
positive results carried until the ndustrials, stock selection was positive in the professional services, building products
and road and rail industries. Owens Corning and Hertz Global Holdings
all aided returns this quarter. Owens Corning benefited in the first quarter fropoints related to housing. Hertz advanced on positive movement from competitors,showing strong equipment rental activity.
Elsewhere, in financials, the sector benefited from its overweight to the real estate
management and commercial banking industries, as well as from positive stock selection
in insurance.Finally, in utilities, the portfolio derived most of its outperformance from not owning several
underperforming electric and independent utilities that were held in the the downside, in health care, stock selection was negative, especially in the equipment
and supplies industry, as well as in the providers and services industry. Teleflex, asurgical and critical care devices company, detracted from results on a relative basis.In energy, both negative stock selection and an overweight to the sector detracted from
results this quarter. On the equipment and services side, investor concerns regardingweak natural gas prices and the potential for demand destructionfrom high oil prices led
aggregate large-cap growth manager's opportunity set.The Russell 1000 Value Index offers investors access to the large-cap value segment of the U.S.
equity universe. The Russell 1000 Value is constructed to provide a comprehensive and unbiased
barometer of the large-cap value market. Based on ongoing empirical research behavior, the probability approximates theaggregate large-cap value manager's opportunity ssoftware and design programs for engineers and architects. In addition, bank ATM-maker
Diebold added nicely to results. Early in the quarter, the company announced strong
earnings, driven by a double-digit jump in their core mobile database financial self-service business and the
positive results carried until the ndustrials, stock selection was positive in the professional services, building products
and road and rail industries. Owens Corning and Hertz Global Holdings
all aided returns this quarter. Owens Corning benefited in the first quarter fropoints related to housing. Hertz advanced on positive movement from competitors,showing strong equipment rental activity.
Elsewhere, in financials, the sector benefited from its overweight to the real estate
management and commercial banking industries, as well as from positive stock selection
in insurance.Finally, in utilities, the portfolio derived most of its outperformance from not owning several
underperforming electric and independent utilities that were held in the the downside, in health care, stock selection was negative, especially in the equipment
and supplies industry, as well as in the providers and services industry. Teleflex, asurgical and critical care devices company, detracted from results on a relative basis.In energy, both negative stock selection and an overweight to the sector detracted from
results this quarter. On the equipment and services side, investor concerns regardingweak natural gas prices and the potential for demand destructionfrom high oil prices led