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Wasatch Large Cap Value Portfolio   

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The Wasatch Large Cap Value Portfolio is a concentrated portfolio of undervalued larger companies.

About This Portfolio

Inception:9/25/96
Net Assets:$590.4 (million) as of 03/31/14
Account Minimum:$1 million
Objective:

The Large Cap Value Portfolio invests primarily to achieve capital appreciation and income.

Strategy:

This Portfolio invests primarily in large cap companies with value characteristics that we believe will pay above average dividends or interest. We seek to arbitrage long-term value against the short-term, conventional wisdom of the market.  We have great respect for long-term financial history and use this perspective to identify themes and inflection points in financial and economic cycles. We employ a comprehensive valuation analysis intended to establish a range for fair valuation or intrinsic company value, with a particular emphasis on company fundamentals.  The initial valuation review may include: calculating and reviewing standard ratios (Price/Earnings, Price/Book, and Price/Earnings Per Share), creating modified discounted cash flow models with sensitivity analysis for changes to revenue growth rates, operating margins, outstanding share counts, earnings multiples, and tangible book value, and changing sector and company specific outlooks due to subjective factors.

Compared to Other Wasatch Portfolios:
This Portfolio invests in larger companies than Small Cap Value.
Mutual Fund:Wasatch Large Cap Value Fund (FMIEX)

Large Cap Value Composite Performance

as of 03/31/2014
1Yr3Yr5Yr10Yr
Gross15.94%9.49%17.01%9.42%
Net15.03%8.64%16.10%8.36%
Russell 1000® Value Index21.57%14.80%21.75%7.58%

Performance figures for the latest period are preliminary and subject to change. Past performance is not indicative of future results.

The Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. 

You cannot invest directly in indexes.

For a GIPS-compliant composite presentation and a complete list of composites, click here:  Large Cap Value Composite Presentation, Complete List of Composites

CFA® is a trademark owned by CFA Institute.