Global Value Equity

Big Little
Christopher French
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About Global Value Equity

The strategy is managed by a team with deep experience investing through multiple market cycles. Its consistent, repeatable process identifies companies across the globe and the market cap spectrum to exploit inefficiencies resulting in a diversified portfolio.

Investment Process:

Investment Objective:

Seeks to outperform the MSCI World Value Index over a full market cycle.

Investment Overview:

We believe markets are inefficient, and that these inefficiencies can best be exploited through adherence to a valuation centric investment process dedicated to the selection of securities on a bottom-up basis. The team focuses primarily on fundamental securities analysis, valuation, and prospects for a return to fair valuation.

~5,500
Global Stocks
Companies with Market Caps > $1 Billion
Global Value
Portfolio
50-70
Stocks
Quantitative Analysis
Fundamental Analysis
Portfolio Management
Team Discussion

Strategy Summary

as of 12/31/2020
Asset Class
Global Equity
Investment Style
Value
Portfolio Benchmark
MSCI World Value Index
Separate Account
Open

Additional Information

Media Spotlight

Mark Giambrone Discusses Midterm Elections and Markets on Fox Business
November 7, 2018
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Mark Giambrone Discusses Market Trends on CNBC
November 6, 2018
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Portfolio Characteristics

as of 12/31/2020
Portfolio
MSCI World Value Index
MSCI World Index
P/E Ratio (Forecasted 12 Months)
14.8
15.2
20.4
P/B Ratio
1.8
1.9
2.9
Weighted Average Market Cap ($M)
46,249
100,718
296,054
Median Market Cap ($M)
11,974
12,831
13,446
Dividend Yield
2.2
2.8
1.8

Regional Allocations

as of 12/31/2020
Portfolio
North America
62.1%
Europe ex UK
17.6%
Other Countries
3.2%
Emerging Markets
9.9%
United Kingdom
7.2%
Japan
3.2%
Asia/Pacific ex Japan
0.0%
Middle East & Africa
0.0%
Excludes Cash

Top 10 Holdings

as of 12/31/2020
Comcast Corporation Class A
3.7%
Seven & Holdings Co., Ltd.
3.2%
Oracle Corporation
2.9%
Corteva Inc
2.6%
Linde Plc
2.5%
Altice USA, Inc. Class A
2.3%
SeaWorld Entertainment, Inc.
2.3%
Coca-Cola European Partners Plc
2.3%
National Grid Plc
2.2%
Advance Auto Parts, Inc.
2.2%
Excludes Cash

Sector Weightings

as of 12/31/2020
Financials
22.4%
Industrials
16.3%
Consumer Discretionary
9.0%
Utilities
8.8%
Health Care
7.8%
Materials
7.7%
Communication Services
7.6%
Consumer Staples
6.6%
Information Technology
6.3%
Energy
4.6%
Real Estate
2.9%
Excludes Cash

Performance

Annualized Portfolio Returns as of 12/31/2020
Qtr*
1 Year
3 Year
5 Year
Since Inception**
Global Value Equity - Gross Returns
23.79%
7.01%
6.66%
10.95%
10.21%
Global Value Equity - Net Returns
23.62%
6.35%
6.00%
10.29%
9.55%
MSCI World Value Index
15.73%
-1.16%
2.39%
7.15%
8.13%
MSCI World Index
13.96%
15.90%
10.54%
12.19%
11.40%

* 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.
** Inception Date: 9/1/2010

Disclosure

Sources for data noted above are from APX and FactSet as of the date specified.

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 a $100 million portfolio using our standard fee schedule. Barrow, Hanley, Mewhinney & Strauss, LLC claims compliance with the Global Investment Performance Standards (GIPS®).

The MSCI Inc. ('MSCI') information may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an 'as is' basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the 'MSCI Parties') expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw Hill Companies, Inc. (“S&P”) and is licensed for use by Barrow, Hanley, Mewhinney & Strauss, LLC. Neither MSCI, S&P, nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification.  Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

All institutional product information has been provided by Barrow, Hanley, Mewhinney & Strauss, LLC. Any questions about this material or requests for additional information may be made directly to the firm by contacting us here.

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