David Carlson

David Carlson

Elfun Trusts
Last update 2020-01-31 41 Stocks (2 new)
Value $2.89 Bil Turnover 6 %
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David Carlson Profile

Dave is Chief Investment Officer - U.S. Equities and a Senior Portfolio Manager responsible for the management of the U.S. Premier Growth Equity and U.S. Equity Select strategies, Elfun Trusts mutual fund and the Damon Runyon equity portfolio. He also shares portfolio management responsibility for the U.S. Multi-Style® Equity portfolio. As Chief Investment Officer, Dave sets the investment direction for U.S. Equities. Dave joined GE in 1980 as part of the GE Financial Management Program, a two-year training program within GE. Dave began managing a GE Pension Trust portfolio in 1992, and has managed the U.S. Premier Growth Equity strategy since its launch in 1997. In September 2003, he was named Chief Investment Officer of U.S. Equities. He is a holder of the Chartered Financial Analyst designation, and a member of the New York Society of Security Analysts. Dave is a graduate of Indiana University with a BS in Finance.

Elfun Trusts (ELFNX) is open only to General Electric’s 300,000 U.S. employees and retirees.

David Carlson Investing Philosophy

The Fund seeks to achieve its investment objectives by investing in equity securities of U.S. companies, such as common and preferred stocks. A U.S. company is a company that generates at least 50% of its revenues or profits from business activities in the U.S., has at least 50% of its assets situated in the U.S., or has the principal trading market for its securities in the U.S. The portfolio manager selects equity securities from a number of industries based on the merits of individual companies. In seeking to satisfy the Fund’s investment objective with respect to future income, the portfolio manager will also consider companies that have the potential to pay dividends in the future. Stock selection is key to the performance of the Fund.
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Performance of Elfun Trusts

Year Return % S&P500 % Excess Gain %
2019 35.57 30.58 5
2018 -3.39 -4.57 1.2
2017 25.61 21.7 3.9
3-Year Cumulative (2017-2019) 64.52 (18.05/Year) 51.65 (14.89/Year) 12.87 (3.16/Year)
2016 6.08 12 -5.9
2015 1.7 1.24 0.5
5-Year Cumulative (2015-2019) 77.49 (12.16/Year) 71.96 (11.45/Year) 5.53 (0.71/Year)
2014 13.13 13.46 -0.3
2013 34.98 32.31 2.7
2012 21.27 15.99 5.3
2011 1.33 1.9 -0.6
2010 13.07 15.05 -2
10-Year Cumulative (2010-2019) 276.57 (14.18/Year) 251.03 (13.38/Year) 25.54 (0.80/Year)
2009 33.62 26.35 7.3
2008 -34.53 -36.79 2.3
2007 5.05 5.15 -0.1
2006 13.11 15.84 -2.7
2005 0.8 4.83 -4
15-Year Cumulative (2005-2019) 294.57 (9.58/Year) 257.98 (8.87/Year) 36.59 (0.71/Year)
2004 7.94 10.7 -2.8
2003 22.95 28.18 -5.2
2002 -19.91 -21.58 1.7
2001 -5.98 -11.76 5.8
2000 5.89 -9.75 15.6
20-Year Cumulative (2000-2019) 317.53 (7.41/Year) 217.22 (5.94/Year) 100.31 (1.47/Year)
1999 19.74 20.38 -0.6
1998 22.94 28.69 -5.8
1997 30.86 33.49 -2.6
1996 23.55 22.5 1
1995 39.19 38.06 1.1
25-Year Cumulative (1995-2019) 1283.17 (11.08/Year) 1009.46 (10.10/Year) 273.71 (0.98/Year)
1994 0.23 0.38 -0.1
1993 8.98 10.08 -1.1
1992 9.43 7.62 1.8
1991 28.17 30.47 -2.3
1990 -3.73 -3.1 -0.6
30-Year Cumulative (1990-2019) 1940.02 (10.57/Year) 1568.00 (9.83/Year) 372.02 (0.74/Year)
1989 35.82 31.69 4.1
1988 18.41 16.61 1.8
1987 3.38 5.1 -1.7
1986 14.33 18.6 -4.3
1985 35.31 31.6 3.7
35-Year Cumulative (1985-2019) 5147.03 (11.98/Year) 4101.73 (11.27/Year) 1045.30 (0.71/Year)
1984 6.16 6.1 0.1

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