The strategy invests primarily in large capitalization stocks that have a history of paying dividends consecutively for 25 years or longer. Our history indicates that a strategy of emphasizing low price/book ratios and high dividend yields provides a measure of protection in down markets, as well as participation in improving economic cycles.
Seeks to outperform the Russell 1000® Value Index over a full market cycle.
We seek to invest in stocks of good companies with a unique combination of cheapness, change and asymmetric return profiles. We strive to construct portfolios that trade at levels below the market across multiple metrics including (P/E, P/B, EV/EBITDA) while simultaneously delivering an above-market dividend yield. The strategy invests primarily in large capitalization stocks that have a history of paying dividends consecutively for 25 years or longer with below-market valuations based on actual trailing earnings, characterized by low expectations due to past earnings disappointments or other temporary issues. We expect the companies in which we invest to produce above market earnings growth, profitability, and return on capital.
Top 10 Holdings
*Most recent quarter returns are not annualized. Past performance does not guarantee future results and there is no assurance that the Strategy will achieve its investment objective.
Sources for data noted above are from APX and FactSet as of the date specified. Material presented is based on the composite and not an individual account.
Barrow Hanley gross returns are shown before investment management fees and custody expenses. Index returns do not reflect transaction costs, management fees, and other expenses. Performance is expressed in U.S. currency. Net returns are calculated using a model fee. The model fee is based on the highest tier of our standard fee schedule. Barrow, Hanley, Mewhinney & Strauss, LLC claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
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