Pillar Pacific Large Cap Growth Strategy

Pillar Pacific’s large cap growth strategy invests in a diversified portfolio of large capitalization equity securities. We hold 95 to 105 securities that, at purchase, have a capitalization greater than $10 billion. Growth characteristics (e.g. growth in earnings per share) are generally greater than those of the benchmark, while value characteristics (e.g. price/earnings ratio) are generally less than those of the benchmark. Initial positions are usually established at 1% weights, and are reduced when they appreciate to 2 to 4% weights.

See performance disclosures. The S&P 500 Growth index is the S&P 500 Barra Growth total return index from 9/1/93 inception through 6/30/06, and the S&P 500 Citigroup Growth total return index thereafter.