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ICAP's domestic equity mandates invest primarily in U.S. dollar-denominated equity securities of companies with market capitalizations of at least $2 billion.
Select Equity
In the Select Equity mandate, position sizes generally do not exceed 10%. A portfolio in this concentrated mandate typically holds 20 to 30 names. Positions are trimmed or expanded on a regular basis, which may result in turnover of 100% to 250% annually. |
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Equity
Portfolios invested in the Equity mandate typically hold 40 to 45 stocks. Individual positions are generally limited to 5% of the total portfolio at market value. Turnover ranges from 80% to 120%. |
We also offer Focused Equity, Discretionary Equity, and Balanced mandates. Please call Paula L. Rogers, Executive Vice President at 312.424.9110 for more details.
Before Investing
The investments are nondiversified. By concentrating in a smaller number of investments,
the risks are increased because each investment has a greater effect on its performance. The investments may invest in derivatives, which may increase the volatility of their net asset values and may result in a loss. They may experience a portfolio turnover rate of over 100% and may generate short-term capital gains which are taxable.
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