December 31, 2013
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December 31, 2013 Who We Are Wood Asset Management is an SEC registered investment advisory firm with over $350 million of assets under management. For over 20 years, we have successfully managed a broad range of equity and balanced strategies for institutions and individuals alike. With a singular focus on the management of money and a dedication to the satisfaction of our clients’ expectations, we offer the unique benefits of a boutique firm but with the resources usually attributable to much larger investment management companies. Large Cap Valu Wood Asset Management, LLC 1605 Main Street . Suite 904 Sarasota . FL 34236 TEL 941.361.21 95 FAX 941.906.94 94 WEB www.woodasset.c om Objective The Large Cap Value strategy seeks to generate consistent, competitive long-term results relative to the Russell 1000 Value Index, but with lower levels of volatility. Philosophy and Process Our top-down macro and sector analysis identifies investment opportunities on the basis of relevant macro cycles and trends, after which we determine appropriate sector weightings. Using bottom-up stock selection, we employ fundamental and quantitative criteria to identify undervalued companies. These are typically high-quality, temporarily out-of- favor stocks with strong balance sheets, good revenue and earnings growth prospects, attractive and growing cash dividends, and strong management teams. Sell price targets are established and maintained for each individual security for constant evaluation of upside potential versus downside risk. Why Invest With Wood Asset Management? • Time-tested strategies over 20 years of market cycles • As a fee-only advisor, our interests are aligned with the interests of our clients • Commitment of integrity, professionalism and full customization through separate account administration • Full transparency of separate accounts, including portfolio trading and advisor fees • Frequent client communication through meetings, conference calls and market commentary Portfolio Composition Strategy Composite* Current P/E (Fiscal Year 1) 16.5 Forward P/E (Fiscal Year 2) 14.5 P/B (Weighted Average) 2.6 Dividend Yield (Weighted Avg.) 2.0% Median Market Cap (Billions) $61.6 Weighted Avg. Mkt Cap (Billions) $118.1 5 Year Portfolio Beta 1.03 Annual Turnover 32.6% Number of Positions 52 Utilities Telecom Materials Info Tech Industrials Health Care Financials Energy Cons Staples Cons Discr 2.7% 2.1% 1.8% 10.7% 10.4% 14.3% 27.9% 11.4% 6.3% 10.0% Strategy Sector Allocation Top 10 Holdings General Electric 3.4 % Citigroup 2.7 % Exxon Mobil 3.3 % BlackRock 2.6 % J P Morgan Chase 3.1 % Thermo Fisher Corp 2.5 % Johnson & Johnson 2.8 % AmerisourceB ergen 2.5 % Intuit 2.7 % American Express 2.4 % Large Cap Value Strategy Summary Strategy Inception: 1/1/2002 Strategy AUM: $258.3 Million Strategy Accounts: 54 Total Firm AUM: $350 Million Target Holdings: 35 – 70 Benchmark: Russell 1000 Value * Based on the model portfolio. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities identified herein will be part of the portfolio at the time you receive this report.
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Large Cap Value. December 31, 2013 . Who We Are - PowerPoint PPT Presentation
Transcript of December 31, 2013
December 31, 2013
Who We AreWood Asset Management is an SEC registered investment advisory firm with over $350 million of assets under management. For over 20 years, we have successfully managed a broad range of equity and balanced strategies for institutions and individuals alike. With a singular focus on the management of money and a dedication to the satisfaction of our clients’ expectations, we offer the unique benefits of a boutique firm but with the resources usually attributable to much larger investment management companies.
Large Cap Value
Wood Asset Management, LLC 1605 Main Street . Suite 904 Sarasota . FL 34236
TEL941.361.2195
FAX941.906.9494
WEBwww.woodasset.com
ObjectiveThe Large Cap Value strategy seeks to generate consistent, competitive long-term results relative to the Russell 1000 Value Index, but with lower levels of volatility.
Philosophy and ProcessOur top-down macro and sector analysis identifies investment opportunities on the basis of relevant macro cycles and trends, after which we determine appropriate sector weightings.
Using bottom-up stock selection, we employ fundamental and quantitative criteria to identify undervalued companies. These are typically high-quality, temporarily out-of-favor stocks with strong balance sheets, good revenue and earnings growth prospects, attractive and growing cash dividends, and strong management teams.
Sell price targets are established and maintained for each individual security for constant evaluation of upside potential versus downside risk.
Why Invest With Wood Asset Management?• Time-tested strategies over 20 years of market cycles
• As a fee-only advisor, our interests are aligned with the interests of our clients
• Commitment of integrity, professionalism and full customization through separate account administration
• Full transparency of separate accounts, including portfolio trading and advisor fees
• Frequent client communication through meetings, conference calls and market commentary
Portfolio CompositionStrategy
Composite*Current P/E (Fiscal Year 1) 16.5Forward P/E (Fiscal Year 2) 14.5P/B (Weighted Average) 2.6Dividend Yield (Weighted Avg.) 2.0%Median Market Cap (Billions) $61.6Weighted Avg. Mkt Cap (Billions) $118.15 Year Portfolio Beta 1.03Annual Turnover 32.6%Number of Positions 52
Utilities
Telecom
Materials
Info Tech
Industrials
Health Care
Financials
Energy
Cons Staples
Cons Discr
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%
2.7%
2.1%
1.8%
10.7%
10.4%
14.3%
27.9%
11.4%
6.3%
10.0%Strategy Sector Allocation
Top 10 HoldingsGeneral Electric 3.4% Citigroup 2.7%Exxon Mobil 3.3% BlackRock 2.6%J P Morgan Chase 3.1% Thermo Fisher Corp 2.5%Johnson & Johnson 2.8% AmerisourceBergen 2.5%Intuit 2.7% American Express 2.4%
Large Cap Value Strategy SummaryStrategy Inception: 1/1/2002Strategy AUM: $258.3 MillionStrategy Accounts: 54Total Firm AUM: $350 MillionTarget Holdings: 35 – 70Benchmark: Russell 1000 Value
* Based on the model portfolio. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities identified herein will be part of the portfolio at the time you receive this report.
