Large Cap Value Fund

CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY

FUND BASICS

Benchmark: Russell 1000 Value Total Return Index
Inception Date: September 28, 2012

Institutional: GLLIX (cusip: 56166Y735)
     
Fund AUM as of 6/30/2017: $48.5M
Strategy AUM/AUA as of 6/30/2017: $2,200.7M
     

Investment Minimums

Institutional Class Initial Subsequent
Regular Account $1,000 $500
Retirement Account $500 $200
     
     

Fees and Expenses

  GLLIX
Management Fee 0.60%
12b-1 Distribution Fee 0.00%
Other Expenses 0.41%
Total Expense Ratio 1.02%
Net Expense Ratio 0.86%
The Advisor has contractually agreed to waive fees through July 28, 2017.
     

Additional Information

The Large Cap Value Fund seeks to provide total return.

DISTINGUISHING CHARACTERISTICS

  • Designed to have a low tax expense due to low turnover
  • Seeks to have a higher dividend yield than the Russell 1000 Value Total Return

INVESTMENT PROCESS

Investments are selected or sold on a “weight of the evidence” method based on the three principles guiding the process—rising or high earning power, attractive valuation and contribution to diversification. The Fund typically invests in a portfolio of 35 to 55 companies. In selecting investments for the Large Cap Value Fund’s portfolio, the Adviser focuses on about 600 large cap companies and closely follows about 250 to 300 companies utilizing its team of portfolio managers and analysts.

Large Cap Value fund positions are generally less than or equal to 4% of the portfolio’s market value at the time of purchase. The Advisor expects to hold most positions, excluding changes in investment cases, for at least three years in order to realize the effects of improved earning power and valuation. The Adviser anticipates that portfolio turnover will range between 10% to 40% annually.

PORTFOLIO MANAGEMENT

Edward Calkins, CFA
Portfolio Manager/Research Analyst

Edward Calkins is a Portfolio Manager/Research Analyst at Great Lakes Advisors where he has played an instrumental role in the development of the firm’s distinct approach to equity management. In 1990, Ed was one of the founders of Great Lakes Advisors, Inc. He currently leads the value equity approach, assists in managing client relationships, and participates in business development. He is a member of the management committee and the Board. Ed worked in equity investment units at Continental Bank after graduating with an MBA with distinction from the J.L. Kellogg Graduate School of Management at Northwestern University and earning a BS with honors from Saint Louis University. He is a member of the CFA Institute and its Chicago chapter.

Wells Frice, CFA
Portfolio Manager/Research Analyst

Wells Frice is a Portfolio Manager/Research Analyst with more than 31 years of investment experience in various markets with an emphasis in common stocks. Having been at Great Lakes Advisors for over 16 years, he is involved in the management of the firm’s equity assets and client relationships. Previously, Wells served as a Senior Equity Analyst and Deputy Director of Equity Research at First Chicago NBD, and most recently an Equity Portfolio Manager. Wells is a graduate of Lake Forest College and is a Chartered Financial Analyst. He is a member of the CFA Institute and The Investment Analysts Society of Chicago.

Huong Le, CFA
Portfolio Manager/Research Analyst

Huong Le serves as a Portfolio Manager/Research Analyst for the Large Cap Value product and as a risk specialist for Great Lakes Advisors. Prior to joining the firm in 2002, Huong was involved in pharmaceutical research at Evanston Hospital, advertising at Foote, Cone & Belding, and retirement plans at Charles Schwab and Wayne Hummer Investments. Huong holds a BS from Northwestern University in Biology and Psychology and an MBA with concentrations in Analytical Finance and Accounting from the University of Chicago. She is a CFA charter holder and a member of the Investment Analyst Society of Chicago and the Global Association of Risk Professionals

 

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CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY