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 March 31, 2021: $45M
Strategy AUM/AUA as of
March 31, 2021:
$1,933M
     

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 0.33%
Total Expense Ratio 0.93%
Net Expense Ratio 0.85%
The Advisor has contractually agreed to waive fees through July 29, 2021.
     

Additional Information

The Large Cap Value Fund seeks to provide total return.

DISTINGUISHING CHARACTERISTICS

  • Aims 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 strives for a portfolio turnover 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.

Benjamin Kim, CFA®, CPA
Portfolio Manager/Head of Research

Mr. Kim joined the Adviser in April, 2011 and is a member of the Large Cap Value team as a Portfolio Manager/Head of Research. Mr. Kim has over 17 years of stock analysis and selection experience in a number of industries. Prior to joining Great Lakes Advisors, Mr. Kim was an Investment Analyst at Harris Associates from 2007 to 2009 and a Securities Analyst for Skyline Asset Management from 1998 to 2007. Mr. Kim holds a BS in Accounting from Indiana University and an MBA with a concentration in Finance and Economics from the University of Chicago. He is a Chartered Financial Analyst charterholder and a Certified Public Accountant.

Ray Wicklander, III, CFA®, CPA
Portfolio Manager/Analyst

Mr. Wicklander joined the Adviser in December, 2019. Ray is a Portfolio Manager and Analyst on the GLA Fundamental Equity team where he serves as Portfolio Manager on the Adviser’s Large Cap Value and Global and International Equity Strategies. Ray previously spent 12 years at Nuveen Investments, as a Managing Director, Portfolio Manager of the Global Select strategies, and co-Manager of the Large Cap and All Cap Value strategies, and Analyst at NWQ Investment Management. Previously Ray was at Nuveen subsidiary Tradewinds Global Investors, as Managing Director, Portfolio Manager, Analyst, and with additional leadership roles as Deputy Director of Research and a member of the firm’s Investment Committee. Early in his career Ray was in Long/Short equities at Pembroke Capital Management in London, and he began his career at Northern Trust Asset Management in Chicago. Ray holds a BBA from the University of Notre Dame and an MSc from the London School of Economics. He also holds both the CPA and CFA designations.

 

 

Slogan: 
CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY