Investment Strategies - Balanced

Separate Accounts

 

 

Equity

VALUATION CHARACTERISTICS AS OF FEBRUARY 28, 2010

Montag & CaldwellRussell 1000 GrowthS&P 500
Dividend Yield1.54%1.60%1.97%
P/E (Trailing)18.16%19.45%20.19%
P/E (Forward)15.76%14.90%14.05%
Price to Book4.17%4.56%3.30%
Price to Cash15.51%15.67%12.41%
Price to Sales3.19%3.77%2.25%

GROWTH CHARACTERISTICS AS OF FEBRUARY 28, 2010(%)

Montag & CaldwellRussell 1000 GrowthS&P 500
5 Year Historical EPS Growth Rate18.0014.436.76
5 Year Estimated EPS Growth Rate13.9614.5213.78
Current ROE22.3119.9513.06
5 Year Average ROE22.3424.6420.36

SIZE AS OF FEBRUARY 28, 2010

Montag & CaldwellRussell 1000 GrowthS&P 500
Median Market Cap$57,045$4,519$9,030
Weighted Average Market Cap$77,514$73,185$78,002

5 YEAR MPT STATISTICS (RELATIVE TO THE RUSSELL 1000 GROWTH) AS OF FEBRUARY 28, 2010

Montag & CaldwellRussell 1000 Growth
Sharpe Ratio0.09-0.06
Alpha2.401.00
Beta0.931.00
R-Squared0.931.00
Tracking Error4.470.00
Information Ratio0.550.00
Standard Deviation15.7916.41

5 YEAR MPT STATISTICS (RELATIVE TO THE S&P 500) AS OF FEBRUARY 28, 2010

Montag & CaldwellS&P 500
Sharpe Ratio0.09-0.16
Alpha3.870.00
Beta0.921.00
R-Squared0.881.00
Tracking Error5.800.00
Information Ratio0.690.00
Standard Deviation15.7916.12

TOP TEN HOLDINGS AS OF JANUARY 31, 2010

Company% Owned
1Abbott Labs4.6%
2Hewlett Packard Co4.5%
3Merck & Co Inc4.4%
4Apple Inc4.4%
5Coca-Cola Co4.4%
6Wal-Mart Stores Inc4.4%
7Google Inc4.2%
8McDonalds Corp4.2%
9Pepsico Inc4.2%
10Qualcomm Inc4.0%

Disclosure

Source: Vestek, National Consulting Firm, Advent/AXYS
Data as of January 31, 2010

The characteristics shown above were derived from a representative account ("Montag & Caldwell"). The Representative Equity Account is an actual, separately managed portfolio representative of Montag & Caldwell’s large cap growth strategy.

The Russell 1000 Growth Index is an unmanaged index commonly used as a benchmark to measure growth manager performance and characteristics.

The S&P 500 Index is an unmanaged index commonly used as a benchmark to measure U.S. stock market performance and characteristics.

MPT = Modern Portfolio Theory and represents portfolio return based statistical measures.

The investment services and products described on this site are for U.S. and Canadian persons only. This site is not to be construed as an offer or solicitation of any investment services or products to investors residing outside the United States or Canada.

This site is controlled and monitored from the United States of America and no representation is made that materials are appropriate or available for use in other locations.

Disclosure for Top Ten Holdings

References to specific securities are not intended as recommendations of said securities and carry no implications about past or future performance.

Fixed Income

 

PORTFOLIO CHARACTERISTICS AS OF FEBRUARY 28, 2010

M&C Fixed IncomeBarclays Capital Gov't/CreditBarclays Capital Aggr
Average YTM2.9%2.9%3.3%
Average Coupon4.4%4.2%4.6%
Average Maturity5.05 Yrs7.47 Yrs6.33 Yrs
Average QualityAA1AA1AAA
Current Yield4.20%4.00%4.39%
Effective Duration4.135.304.60

DISTRIBUTION BY MATURITY AS OF FEBRUARY 28, 2010(%)

M&C Fixed IncomeBarclays Capital Gov't/CreditBarclays Capital Aggr
0-15.370.000.00
1-23.1816.8010.70
2-37.8916.2016.40
3-421.669.8015.50
4-527.9011.9016.10
5-724.0012.1018.90
7-106.6516.7012.40
10-150.002.901.80
15-200.002.901.80
20-250.002.701.70
25+3.357.904.90

TOP TEN HOLDINGS AS OF JANUARY 31, 2010

Company% Owned
1FHLMC Gold G08332 4.5% Due 3-1-394.6%
2U.S. Treasury Note 4.5% Due 2-15-164.4%
3U. S. Treasury Note 4% Due 2-15-154.3%
4U.S. Treasury Note 4% Due 02-15-144.1%
5US Bancorp 4.2% Due 05-15-144.0%
6FNMA 933735 5.0% Due 03-01-383.8%
7U.S. Treasury Note 4.25% Due 08-15-153.8%
8FNMA 930287 4.5% Due 01-01-393.8%
9IBM Corporation 2.1% Due 05-06-133.8%
10The Coca-Cola Company 5.35% Due 11-15-173.6%

Disclosure

Source: BondEdge, Advent/AXYS
Data as of January 31, 2010

The characteristics shown above were derived from a representative account ("M&C Fixed Income"). The Representative Fixed Income Account is an actual, separately managed portfolio representative of Montag & Caldwell’s fixed income strategy.

The Barclays Capital Government/Credit Bond Index and the Barclays Capital Aggregate Bond Index are unmanaged indices that are commonly used as benchmarks to measure fixed income performance and characteristics.

The investment services and products described on this site are for U.S. and Canadian persons only. This site is not to be construed as an offer or solicitation of any investment services or products to investors residing outside the United States or Canada.

This site is controlled and monitored from the United States of America and no representation is made that materials are appropriate or available for use in other locations.

Disclosure for Top Ten Holdings

References to specific securities are not intended as recommendations of said securities and carry no implications about past or future performance.