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JK Capital Management Large Cap Core domestic only product is a blended
growth and value large capitalization strategy. With a long only, low
turnover, longer holding period objective, the strategy utilizes a
sector neutral and stock neutral approach. Holdings of the strategy attempt
to remain neutral in sector weight as measured by the S&P 500. Stock
neutrality is also a characteristic of the portfolio, as each holding is
held in approximate equal weight and only varies with market
fluctuation. Consciously diversified within industry holdings are part of the
fund strategy as well. The strategy attempts to remain completely
diversified in all holdings among industries, but at times may overlap due to
investment candidate possibilities.
The selection process begins with an internal quantitative model that
includes various factors that determine the company's intrinsic value.
As the selection process continues, candidates will be measured against
the major market index as well as sector and industry relative
valuation analysis for appropriate levels of investor enthusiasm.
Once approved through joint portfolio manager consensus, positions
necessary to complete sector, stock and industry neutrality will be added
to portfolio.
After a position is added to the portfolio, a sale process is initiated
and followed. Positions are monitored daily through company press
releases, competitor information, mass media information, and outside
independent research.
The sale process is a simple three step process and is as follows:
Target Price: If company meets or exceeds target price holding is sold.
Company Fundamental: If company negatively changes its internal,
external make up or becomes less appealing due to outside influences, the
holding is sold.
Better Replacement: If a superior replacement is available then the
company may be replaced.
This product formally began inception in 1-1-2003 and has been GIPS
verified for the period 1-1-2003 through 12-31-2005.
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