Large Cap Core

Large Cap Core invests in larger cap stocks that are well-diversified across economic sectors and meet Trillium’s sustainability criteria.

Invests in larger cap stocks that are well-diversified across economic sectors and meet Trillium’s sustainability criteria.

Investment Process

Fundamental equity analysts, who divide coverage by sector, are responsible for providing in-depth analysis of companies and generating new buy ideas consistent with the strategy’s high quality approach, including a rigorous integrated review of financial and ESG factors. The Investment Management Committee, comprised of portfolio managers and analysts, meets periodically to review and approve recommendations to the buy-list recommended by the analysts. A strategy team, headed by the lead Portfolio Manager, rebalances the portfolio on at least a quarterly basis to identify the best subset of names from the buy-list at that particular point of time. The team leverages an optimization process that helps monitor and control portfolio characteristic exposures while overweighting companies based on a proprietary alpha score that includes an analyst rating. In this sense, the strategy is fundamentally driven, but quantitatively assisted.

Contact Information

Tom Simunovic
Tom Simunovic
ESG Investment Strategy Specialist and Relationship Manager
tsimunovic@trilliuminvest.com617-532-6673

Portfolio Managers

Cheryl Smith, CFA, PhD
Cheryl Smith, CFA, PhD
Lead Portfolio Manager
Bio >
Elizabeth Levy, CFA
Elizabeth Levy, CFA
Portfolio Manager
Bio >
Benchmark
S&P 500
Inception Date
1994
Strategy Assets*
$329m
Holdings
65-80
% Top 10 Holdings
34.7%
Initial Position Sizes
0-5%
Tracking Error Range (3 years)
3-4%
Sector Deviation +/-
<5%
Annual Turnover
20-40%
* Strategy Assets are supplemental
Equity Characteristics
as of 6/30/20
Large Cap Core
S&P 500
Market Capitalization
(weighted avg. billions)
$333.98
$388.0
Dividend Yield
1.59%
1.92%
P/E (FTM EST)
23.3x
21.9x
Price/Book
3.9x
3.3x
Est. 3-5 Yr. EPS Growth
10.41%
9.25%
Operating Margin
20.78%
21.92%
LT Debt/Capital
43.84%
43.44%
Sector Allocation vs. Benchmark
as of 6/30/20
Large Cap Core
S&P 500
Information Technology
29.6%
27.5%
Health Care
14.6%
14.6%
Consumer Discretionary
11.3%
10.8%
Communication Services
10.1%
10.8%
Industrial Goods
9.8%
8.0%
Financial Services
9.0%
10.1%
Consumer Staples
6.6%
7.0%
Real Estate
4.3%
2.8%
Materials
2.1%
2.5%
Utilities
1.7%
3.1%
Energy
0.9%
2.8%
Sector Allocation, Equity Characteristics and Top Holdings based on a representative account as of 06/30/2020 and exclude cash.
As of 6/30/20
QTR
YTD
1 Year
3 Year
5 Year
10 Year
GIPS Inception
(1/1/2007)
Gross of Fees
22.2%
-2.6%
7.6%
12.1%
9.3%
13.1%
8.4%
Net of Fees
22.1%
-2.8%
7.2%
11.6%
8.7%
12.5%
7.7%
Benchmark - S&P 500
20.5%
-3.1%
7.5%
10.7%
10.7%
14.0%
8.2%
Annualized returns for Large Cap Core composite through 06/30/2020. GIPS composite inception is 1/1/2007 for the Large Cap Core Composite. Please see important performance disclosures on the bottom of page. Composite assets are $146.7 million as of 06/30/2020.