Large Cap Value Equity

Mayorga
Francisco Moreno
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About Large Cap Value Equity

The flagship Large Cap Value strategy is a concentrated, fundamentally researched, and value-focused portfolio of 40-50 ‘best ideas’.

Investment Process

Investment Objective:

Seeks to outperform the Russell 1000® Value Index over a full market cycle.

Investment Overview:

As a pure value manager, we search for good companies that are temporarily undervalued for reasons we can identify, understand, and believe will improve over time. In our valuation framework, we strive to construct portfolios that trade at levels below the market across multiple metrics (P/E, P/B) while simultaneously delivering an above-market dividend yield.

Strategy Summary

as of 12/31/2020
Asset Class
US Equity
Investment Style
Value
Portfolio Benchmark
Russell 1000® Value Index
Commingled Fund
Open
Separate Account
Open

Additional Information

Media Spotlight

Portfolio Manager Mark Giambrone discusses the economic recovery on TD Ameritrade
February 11, 2021

Portfolio Characteristics

as of 12/31/2020
Portfolio
Russell 1000® Value Index
S&P 500® Index
P/E Ratio (Forecasted 12 Months)
16.1
17.7
22.4
P/B Ratio
1.9
2.3
4.0
Weighted Average Market Cap ($M)
85,574
133,555
489,324
Median Market Cap ($M)
44,171
11,448
25,746
Dividend Yield
2.3
2.2
1.5

Top 10 Holdings

as of 12/31/2020
Aramark
3.6%
Broadcom Inc.
3.2%
American International Group, Inc.
3.0%
Stanley Black & Decker, Inc.
2.9%
Corteva Inc
2.8%
Philips 66
2.8%
JPMorgan Chase & Co.
2.7%
Advance Auto Parts, Inc.
2.7%
U.S. Bancorp
2.7%
Medtronic Plc
2.7%
Excludes Cash

Sector Weightings

as of 12/31/2020
Financials
24.7%
Industrials
17.6%
Consumer Discretionary
12.6%
Information Technology
11.4%
Health Care
10.0%
Energy
6.2%
Materials
5.8%
Utilities
4.1%
Communications Services
2.6%
Consumer Staples
2.5%
Real Estate
2.4%
Excludes Cash

Performance

Annualized Portfolio Returns as of 12/31/2020
Qtr*
1 Year
3 Year
5 Year
10 Year
Large Cap Value Equity - Gross Returns
19.25%
3.80%
7.53%
10.37%
10.93%
Large Cap Value Equity - Net Returns
19.17%
3.46%
7.19%
10.03%
10.59%
Russell 1000® Value Index
16.25%
2.80%
6.07%
9.74%
10.50%
S&P 500® Index
12.15%
18.40%
14.18%
15.22%
13.88%

* 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.

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®). 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.

Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. The data presented may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is prepared by Barrow Hanley  Russell Investment Group is not responsible for the formatting or configuration of this material or for any inaccuracy in Barrow Hanley 's presentation thereof.

Standard and Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC, and these trademarks have been licensed for use by S&P and Dow Jones Indices LLC and S&P Dow Jones Indices LLC. The data presented may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is prepared by Barrow Hanley . S&P Dow Jones Indices LLC is not responsible for the formatting or configuration of this material or for any inaccuracy in Barrow Hanley 's presentation thereof.

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.

Mutual Fund Disclosure

Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor.

‡ Touchstone Value Fund is distributed by Touchstone Securities, Inc., which is not affiliated with Barrow, Hanley, Mewhinney & Strauss, LLC or any other affiliate. For more information on this Fund and to obtain a prospectus, please visit TouchstoneInvestments.com or contact Touchstone at 1-800-543-0407.

All opinions expressed in video and thought leadership content constitute Barrow Hanley’s opinion at the time of issuance. The information provided is for informational purposes only and is not intended to be an offer, solicitation, or recommendation with respect to the purchase or sale of any security, nor a recommendation of services supplied by any money management organization. Past performance is not indicative of future results.

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