Portfolios

PORTFOLIOS

The customized investment portfolios we construct utilize portfolio styles developed internally by the Moran Edwards team for exclusive use of our clients We currently utilize more than 50 variables from 200 different research ?rms to arrive at our recommendations. Our proprietary processes are designed to bene?t clients by bringing together our collective experience in diverse markets. such as macro strategy, international strategy, equities (large-, mid- and small- capitalization), closed-end funds/exchange—traded tracking products (CEFs/ETPs). ?xed income securities (investment-grade, high-yield and municipal securities) and market analysis.

Moran Edwards will design your portfolio according to your unique ?nancial goals, taking a disciplined investment approach in pursuing your objectives and working with you to establish the appropriate asset allocation that seeks to provide maximum expected performance in accordance with your risk tolerance and investment goals

FEES

Moran Edwards Asset Management Group takes a very disciplined and personal approach to managing your money, We use our knowledge and experience in this discretionary relationship to try and achieve the long-term goals you've set for your portfolio As PIM Portfolio Managers, Tom Moran and Robert Edwards are among a select few ?nancial advisors of Wells Fargo Advisors' who are quali?ed to manage client portfolios on a discretionary or non-discretionary basis.

Private Investment Management (PIM) Advisory accounts are charged a comprehensive fee instead of commissions Fees for the PIM program include advisory services. performance measurement, transaction costs, custody services and trading, Fees are based on the assets in the account and are assessed quarterly, Fee-Based accounts are not designed for excessively traded or inactive accounts. and may not be suitable for all investors. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions A minimum annual fee may apply for this program Please carefully review the Wells Fargo Advisors advisory disclosure document for a description of our services and information on all fees and expenses The minimum account size for this program is $50,000.

Below is a complete list of our portfolios with links to in-depth fact sheets for each.

DOMESTIC EQUITY LARGE CAPITALIZATION

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
Growth
CGRO (11/30/1995)
Conservative Growth
G.A.R.P.**
Objective: The objective of this portfolio is capital appreciation and current income.
Conservative Select
CSEL (10/1/2004)
Conservative Select
Core
Objective: The objective of this portfolio is long term growth of capital and current income.
Core Value
CVAL (12/31/2000)
Core Value
Core
Objective: The objective of this portfolio is capital appreciation and current income.
Defensive Total Return
DTRS (5/31/1999)
Defensive Total Return
Value
Objective: The objective of this portfolio is long term capital appreciation and reduced portfolio volatility.
Low Beta
LOWB (12/7/2012)
Low Beta
Value
Objective: Seeks to provide higher returns when compared to the S&P 500 Index by focusing on a broad set of risks to reduce downside volatility.
Macroeconomic Model
ECON (12/7/2012)
Macroeconomic Model
Core
Objective: Seeks to outperform the S&P 500 benchmark in a variety of market environments: To accomplish this objective, the manager utilizes a top-down investment process that focuses on the most important determinants of portfolio return: style, sector, and stock selection.
Socially Responsible Investing
SRI (11/30/2010)
Socially Responsible Investing
Core
Objective: Socially Responsible Investing (SRI) is an investment strategy which incorporates environmental, social, and governance (ESG) factors into the investment process. The portfolio manager will invest in companies that encourage corporate practices that promote stewardship, consumer protection, human rights, and diversity.

DOMESTIC EQUITY ALL CAPITALIZATION

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
Domestic Equity
DEQT (1/13/2017)
Domestic Equity
Core
Objective: This portfolio blends capital market, strategic and tactical asset allocation. and active risk management to attempt to develop and implement optimal portfolios for clients interested in cross asset class strategies to meet their investment needs.
Focused Value
FVAL (10/31/2013)
Focused Value
Core
Objective: Seeks to outperform the S&P 500 benchmark in a rising interest rate environment. To accomplish this objective the manager utilizes an investment process that focuses on companies with strong balance sheets and low debt-to-equity and price-to-book ratios on
Millennium
MILL (3/23/1999)
Millennium
Growth
Objective: The objective of this portfolio is to seek long term capital appreciation by investing in growth stocks likely to bene?t from demographic trends.
Moderate Growth
MGRO (3/31/1990)
Moderate Growth
G.A.R.P.**
Objective: The objective of this portfolio is long term capital appreciation by investing in a diversi?ed portfolio of growth sectors.
Select
MSEL (5/31/1997)
Select
Core
Objective: The objective of this portfolio is long term growth of capital.
Moderate Value
MVAL (12/31/1995)
Moderate Value
Relative Value
Objective: The objective of this portfolio is long term growth of capital by investing in stocks we believe to be undervalued relative to other stocks in the Russell 3000 Value Index.
Strategic Equity Blend
STEB (8/31/2001)
Strategic Equity Blend
Core
Objective: The objective of this portfolio is long term growth of capital.

DOMESTIC EQUITY SMALL CAPITALIZATION

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
Microcap
MICRO (2/22/2017)
Microcap
Core
Objective: The Microcap strategy typically invests in Microcap stocks with market caps up to $1 billion: The manager’s core approach combines multiple investment themes and offers wide exposure to microcap stocks.
Small Cap Select
SSEL(9/5/2008)
Small Cap Select
Core
Objective: The objective of this portfolio is long term capital appreciation by investing in small cap growth and small cap value companies.
Tactical Small Cap
TSCV (12/31/2001)
Tactical Small Cap
Relative Value
Objective: The objective of this portfolio is long term growth of capital by investing primarily in small on capitalization value stocks.

GLOBAL/INTERNATIONAL

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
International
INTL (2/28/2001)
International
Core
Objective: This portfolio attempts to fully participate in the developed international equity market by carefully selecting country exchange traded funds (ETFs) we view as having above average potential and positive momentum.

STRATEGY

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
Alternative Investment
ALTS (11/12/2010)
Alternative Investment
Specialty
Objective: This portfolio uses a highly specialized methodology to select underlying long equity exchange-traded Specialty funds (ETFs), exchange-traded notes (ETNs), and equity securities of diversi?ed noncorrelating market sectors and averages to maximize long-term returns for a given level of risk.
Balanced Taxable
BTAX (6/6/1994)
Balanced Taxable
Specialty
Objective: The objective of this portfolio seeks to maximize the risk-adjusted total return of the portfolio over a full market cycler.
Emerging Markets
EMRG (3/31/2014)
Emerging Markets
Specialty
Objective: The objective of this portfolio is long-term growth of capitalThe manager intends to invest the portfolio in primarily emerging market country specifics ETFs, based on the manager's opinion of the growth rate and relative value of the respective emerging market countries.
Global Balanced
GBAL (11/6/2008)
Global Balanced
Core
Objective: This portfolio blends capital market, strategic and tactical asset allocation. and active risk management to attempt to develop and implement optimal portfolios for clients interested in the bene?ts of diversification obtained by investing in US and international equities, and ?xed income securities.
Global Dividend
GDIV (5/5/09)
Global Dividend
Specialty
Dividend Objective: The objective of this portfolio is to blend capital market, strategic and tactical asset allocation, and active risk management to attempt to develop and implement optimal high yielding equity portfolios for clients interested in cross asset class strategies to meet their investment needs.
Global Equity
GEQT (3/24/2009)
Global Equity
Core
Objective: This portfolio blends capital market, strategic and tactical asset allocation, and active risk management to attempt to develop and implement optimal portfolios. For clients interested in adding cross-asset class strategies to their investment needs.
Hedge Equity
HUGE (3/25/2009)
Hedge Equity
Specialty
Objective: The portfolio seeks to provide returns during market expansions by using both traditional and fundamental analysis as a customized methodology to select underlying long-equity exchange traded funds (ETFs), and equity securities of diversi?ed non-correlating market sectors and averages to maximize long-term returns for a given level of risk.
Natural Resources
NATR (11/30/2003)
Natural Resources
Relative Value
Objective: The objective of this portfolio is long term capital appreciation by investing in equity securities in the energy and natural resource industries..
Real Estate Investment Trust
REIT (3/4/2009)
Real Estate Investment Trust
Relative Value
Objective: The objective of this portfolio is to provide income and capital growth by investing primarily in publicly traded securities of real estate companies.

FIXED INCOME

PORTFOLIO DETAILS ASSET CLASS AND CATEGORY All approved and QS reviewed quarterly fact sheets must be removed from website one month after quarter ends.
Convertible
ALTS (11/12/2010)
Convertible
Convertible
Objective: The objective of this portfolio is to generate both income and growth consistent with maximizing the portfolio's risk adjusted total return over a full market cycle.
Municipal Bond
MUNIC (2/15/2017)
Municipal Bond
Municipal
Objective: The primary objective of this style is preservation of capital through the construction of a high-quality portfolio of short to intermediate duration tax exempt securities.
Fixed Income
TAX/B (8/31/2008)
Fixed Income
Fixed Income
Objective: This portfolio invests primarily in government. corporate, and high yield ?xed income exchange traded funds (ETFs).
Income-Conservative
TAXFI (1/25/2017)
Corporate/Treasury
Corporate/Treasury
Objective: The primary objective of this style is preservation of capital through the construction of a high quality portfolio of taxable securities. Eligible investments include short and intermediate duration investment grade corporates, Treasury and government agency issuers.
Municipal/Corporate/Government
BOND
Customized Fixed Income
Customized Fixed Income
Objective: Personalized ?xed income portfolio; $500,000 minimum.

SUMMARY OF INVESTMENT STYLES

Your Moran Edwards financial advisor will begin building your portfolio by first identifying your unique investment style based on a variety of factors, such as income, risk tolerance, diversification, investment and financial goals, and preferred marked exposure. This will help us select a portfolio that suits your investment style, allowing us to use a personalized and approach to asset allocation and securities selection that meets your needs and yields the desired short-and long-term results.

Click the button below to view a summary pf investment styles, or visit our Portfolio page for individual fact sheets and detailed information.

Summary of Investment Styles