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All Cap Growth
(as of March 31, 2010)
Philosophy
Our All Cap Growth discipline seeks to exploit the correlation between profit acceleration and price appreciation. This strategy screens for growth across all market capitalizations, focusing on securities for which we project financial acceleration at substantially higher levels than the market based primarily on forecasted acceleration in fundamentals.

Value BlendGrowth 
  TRUELarge
   Medium
   Small

Portfolio
Characteristics		PortfolioR3000
Growth
Weighted Average Capitalization (billions)$51.6$71.9
Median Market Capitalization (billions)$14.7$0.8
Number of Equity Holdings701887
P/E Ratio (Calendar 2010)17x15x
EPS Growth Rate - '10 vs. '0922%14%
Beta versus S&P 5001.21.0
Source: FactSet

Top Ten
Holdings		% of
Portfolio
Microsoft Corp.3.4%
Apple Inc.3.4%
Google Inc.2.6%
Hewlett-Packard Co.2.4%
Cisco Systems Inc.2.4%
Herbalife Ltd.2.1%
Pioneer Natural Resources2.1%
Colgate-Palmolive Co.2.0%
Philip Morris International Inc.2.0%
Celgene Corp.1.8%

Sector
Breakdown		% of
Portfolio		R3000
Growth
Consumer Discretionary 9.5%11.4%
Consumer Staples 13.4%14.9%
Energy5.7%3.9%
Financials4.0%5.2%
Health Care15.4%16.6%
Industrials10.6%10.9%
Information Technology 35.7%31.9%
Materials4.4%3.7%
Telecom Service 1.4%0.6%
Utilities0.0%0.8%
Source: FactSet
Totals may not add up to 100% due to rounding.

Sector Breakdown
Source: FactSet
Totals may not add up to 100% due to rounding.
Information on this page is supplemental to the All Cap Composite Annual Disclosure presentation, which is available upon request.
© SCM Advisors LLC 2010.