UC Domestic Small Cap Equity Fund - myUCretirement.com · The University of California Spliced...
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Release Date: 06-30-2018 UC Domestic Small Cap Equity Fund Benchmark Morningstar Category CRSP US Small Cap Small Blend Investment Information Investment Objective The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. Investment Strategy The Fund is a separate account invested in the Vanguard Small Cap Index Fund -Institutional Plus Shares (VSCPX) managed by Vanguard. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Who May Want To Invest Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income. Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatility of investments in smaller companies. Fees and Expenses as of 03-30-2018 Total Annual Operating Expense Gross 0.04% Gross expense ratio is a measure of what it costs to invest in the fund, expressed as a percentage of its assets, as a dollar amount, or in basis points. These are costs the investor pays through a reduction in the investment’s rate of return. This ratio also includes Acquired Fund Fees and Expenses, which are expenses indirectly incurred by a fund through its ownership of shares in underlying funds. The performance of Total Return Funds is driven by a combination of price appreciation and income. Fund Characteristics Inception Date 10/02/17 Fund AUM ($M) 480.08 Total Number of Holdings 1,419 Annual Dividend Yield (%) 1.44 Beta — Standard Deviation (Risk) in % — Performance (Net of Fee Returns) 5 10 15 20 0 -5 -10 -15 Total Return % as of 06-30-18 Fund Return % Benchmark Return % Average annual, if greater than 1 year YTD 3 Mo 1 Year 3 Year 5 Year 10 Year Inception 6.00 6.21 — — — — 11.40 Fund Return % 5.97 6.20 — — — — 11.37 Benchmark Return % 0.03 0.01 — — — — 0.03 Relative Click here for current performance The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Fund returns reflect all items of income, gain and loss and the reinvestment of dividends and other income and are calculated in US dollars. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. If performance for a time period is N/A, Fund's inception date is less than time period specified. Page 1 of 3
Transcript of UC Domestic Small Cap Equity Fund - myUCretirement.com · The University of California Spliced...
Release Date: 06-30-2018
UC Domestic Small Cap Equity Fund Benchmark MorningstarCategory
CRSP US SmallCap
Small Blend
Investment Information
Investment ObjectiveThe investment seeks to track the performance of a benchmark index thatmeasures the investment return of small-capitalization stocks.
Investment StrategyThe Fund is a separate account invested in the Vanguard Small Cap IndexFund -Institutional Plus Shares (VSCPX) managed by Vanguard. The fundemploys an indexing investment approach designed to track theperformance of the CRSP US Small Cap Index, a broadly diversified index ofstocks of small U.S. companies. The advisor attempts to replicate the target
index by investing all, or substantially all, of its assets in the stocks thatmake up the index, holding each stock in approximately the sameproportion as its weighting in the index.
Who May Want To InvestSomeone who is seeking the potential for long-term share-priceappreciation and, secondarily, dividend income. Someone who is seekingboth growth- and value-style investments and who is willing to accept thegenerally greater volatility of investments in smaller companies.
Fees and Expenses as of 03-30-2018
Total Annual Operating ExpenseGross
0.04%
Gross expense ratio is a measure of what itcosts to invest in the fund, expressed as apercentage of its assets, as a dollar amount, orin basis points. These are costs the investorpays through a reduction in the investment’srate of return. This ratio also includesAcquired Fund Fees and Expenses, which areexpenses indirectly incurred by a fund throughits ownership of shares in underlying funds. The performance of Total Return Funds isdriven by a combination of price appreciationand income.
Fund Characteristics
Inception Date 10/02/17
Fund AUM ($M) 480.08
Total Number of Holdings 1,419
Annual Dividend Yield (%) 1.44
Beta —
Standard Deviation (Risk) in % —
Performance (Net of Fee Returns)
51015
20
0-5
-10-15
YTD YTD YTD
Total Return %as of 06-30-18
Fund Return %Benchmark Return %
Average annual, if greaterthan 1 year
YTD 3 Mo 1 Year 3 Year 5 Year 10 Year Inception
6.00 6.21 — — — — 11.40 Fund Return %
5.97 6.20 — — — — 11.37 Benchmark Return %
0.03 0.01 — — — — 0.03 Relative
Click here for current performance
The performance data featured represents past performance, which is no guarantee of future results. Investmentreturn and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell yourshares. Current performance may be higher or lower than the performance data quoted. Fund returns reflect all itemsof income, gain and loss and the reinvestment of dividends and other income and are calculated in US dollars. Indexreturns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items ofincome, gain and loss and the reinvestment of dividends and other income. If performance for a time period is N/A,Fund's inception date is less than time period specified.
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Portfolio Analysis as of 06-30-18
Composition
% FundNon-U.S. Stocks 0.44U.S. Stocks 97.83Other 0.00Bonds 0.01Cash 1.72
Morningstar Equity Style Box™
LargeM
idSm
allSize
Value Blend GrowthStyle
% Market Cap
Giant 0.00.............................................Large 0.24
Medium 64.44
Small 34.52.............................................Micro 0.79
Top 10 Holdings
% Fund
Keysight Technologies Inc 0.30
Vail Resorts Inc 0.30
WellCare Health Plans Inc 0.30
PTC Inc 0.29
Burlington Stores Inc 0.28
IDEX Corp 0.28
Atmos Energy Corp 0.27
Jack Henry & Associates Inc 0.27
Spirit AeroSystems Holdings Inc 0.27
East West Bancorp Inc 0.26
Statistics
Port Avg
Price/Earnings Ratio 19.05
Price/Book Ratio 2.35
Avg Market Cap 3,932.18
Morningstar Sectors
% Fund
Basic Materials 5.86
Consumer Cyclical 13.29
Financial Services 13.64
Real Estate 11.59
Communication Services 0.79
Energy 5.09
Industrials 15.23
Technology 16.42
Consumer Defensive 3.70
Healthcare 10.91
Utilities 3.47
RiskThe securities of smaller, less well-known companies can be more volatile than those of larger companies. Value and growth stocks can perform differentlyfrom other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stockmarkets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments."Risk" refers to the possibility of loss of principal, or alternatively to a rate of investment return below expectations or requirements. While volatility (pricefluctuation) is not synonymous with risk, it is true that high volatility on the downside results in loss, and therefore higher volatility is associated with higherrisk. Volatility, however results in realized losses only if securities are sold after a fall in price.For more information on risk, see the "Investment Risk Factor Guide" available online in the "UCRSP Fund Menu" section at www.myucretirement.com.
Statement on SustainabilityDisclosure of UC’S Sustainability Investment Screening ProcessAs reflected in the UCRSP Investment Implementation Manual, the University believes that investing in businesses with principled ethics and soundenvironmental and social practices simply makes good business sense. While short-term gains can be garnered from businesses taking excessive risks ingovernance, environmental or social standards, such gains can erode quickly and drastically; therefore, we must take a measured approach to the risk andrewards available in the universe of investment options. The Office of the Chief Investment Officer of the Regents (OCIO) works with the investmentmanagers to screen for identified ESG risks, including, for example, the manufacturing of civil firearms. In selecting and monitoring the type of companiesincluded in the funds, the fund managers are responsible for complying with UC’s sustainable investing policy. Mutual funds and collective investment truststhat include assets from other organizations are not subject to UC’s sustainable investing policy.
This fund is not screened.
Please access www.myUCretirement.com website for more information about the University’s commitment to sustainability.
Fees and ExpensesGross expense ratio is a measure of what it costs to invest in the fund, expressed as a percentage of its assets, as a dollar amount, or in basis points. These arecosts the investor pays through a reduction in the investment’s rate of return. This ratio also includes Acquired Fund Fees and Expenses, which are expenses
UC Domestic Small Cap Equity Fund
OR81 ©2018 Morningstar, Inc., Morningstar® Investment ProfilesTM 312-696-6000. All rights reserved. The information contained herein: (1) isproprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate,complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use ofinformation. Past performance is no guarantee of future performance. Visit our investment web site at www.morningstar.com.
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indirectly incurred by a fund through its ownership of shares in underlying funds. The performance of Total Return Funds is driven by a combination of priceappreciation and income.
Additional DisclosuresThe Fund is a separate account invested in the Vanguard Small Cap Index Fund -Institutional Plus Shares (VSCPX) managed by Vanguard. This description isonly intended to provide a brief overview of the fund.The University of California Spliced Small Cap Index is the CRSP US Small Cap Index since January 30th, 2013. Prior it was the MSCI US Small Cap Index sinceMay 16th, 2003 and the Russell 2000 Index prior. It tracks the performance of US small cap equities that fall between the bottom 2%-15% of investable marketcapitalization.The information contained herein regarding the UC managed Funds has been provided by the University of California Office of the Chief InvestmentOfficer of the Regents and is solely the responsibility of the University of California Office of the Chief Investment Officer of the Regents.This investment option is not a mutual fund.
UC Domestic Small Cap Equity Fund
OR81 ©2018 Morningstar, Inc., Morningstar® Investment ProfilesTM 312-696-6000. All rights reserved. The information contained herein: (1) isproprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate,complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use ofinformation. Past performance is no guarantee of future performance. Visit our investment web site at www.morningstar.com.
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