Designed as a guide for money managers, the Large Cap Model Portfolio is revised at the beginning of each month with monthly turnover limited to 10%. In order to reflect the constraints faced by mutual and pension funds, the portfolio holds only stocks with CAD 1 billion or more in market capitalization, with their weights reflecting their liquidity in the marketplace. Stocks in the Large Cap Model Portfolio are generally selected from the Outperform ratings of our analysts. The graph shows the long-term track record of value-added, which has been generated by good analyst stock picking and sound portfolio management.