The Westwood Concentrated AllCap Value Equity strategy:

  • Is actively managed, utilizing a fundamental bottom-up security selection process.
  • Typically invests in approximately 15-30 companies with attractive valuations.
  • Identifies high quality companies with prospects for future profitability that are significantly stronger than what is reflected in the current stock price.
  • Seeks companies with ample free cash flow and low debt.
  • Looks to generate long-term outperformance by allowing market-weighted position sizes of up to 12.5%, and sector weightings of up to 35%.

Performance

(As of 12/31/2016)

Inception date QTR YTD 1 yr 3 yr  5 yr  Since Inception
Concentrated AllCap Value Gross of Fees  1/1/2014 3.35% 3.53% 3.53% 4.03% n/a 4.03%
Concentrated AllCap Value Net of Fees 3.11% 2.56% 2.56% 3.05% n/a 3.05%
 Russell 3000 Value Index 7.24% 18.40% 18.40% 8.55% n/a 8.55%

Investment Team

Westwood believes that team management creates a sense of ownership, accountability and consistency in the investment process. Our Concentrated AllCap Value team is supported by a fundamental research team where analysts have cross capitalization responsibilities in specific sectors.

Within our process, Research Analysts generate investment ideas, while the Portfolio Team is responsible for portfolio construction. Each of our Research Analysts is also on a Portfolio Team, which leads to a very collaborative environment where we fully utilize the expertise of all investment team members.

Portfolio Team

Grant L. Taber, CFA

Senior Portfolio Manager/Research Analyst

Thomas C. Lieu, CFA

Portfolio Manager/Research Analyst

Matthew R. Lockridge

Portfolio Manager/Research Analyst

Christopher J. MacDonald, CFA

Portfolio Manager


Disclosures

For purposes of compliance with the GIPS standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. and Westwood International Advisors Inc.  Westwood Management Corp. is an SEC registered investment adviser under the Investment Advisers Act of 1940 that provides investment supervisory services, managing equity and fixed income portfolios.  Westwood International Advisors Inc. is a registered portfolio manager with the Ontario Securities Commission and the Autorité des marchés financiers in Quebec that provides investment supervisory services for global and emerging markets equity portfolios.  Westwood Management Corp. and Westwood International Advisors Inc. are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request, as is a complete list and description of the Firm’s composites, by contacting performance@westwoodgroup.com.

 

Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®).  Unless otherwise stated, performance shown is in U.S. Dollars.

 

The Concentrated AllCap Value Composite, previously known as the Concentrated AllCap Composite, includes all taxable and tax-exempt, fee-paying fully discretionary accounts invested in a concentrated portfolio of 15-30 equity securities with market capitalizations primarily greater than $100 million at purchase and having comparable objectives. Portfolio returns reflect the reinvestment of dividend and interest income. The composite is benchmarked against the Russell 3000 Value Index. The Russell 3000 Value Index measures the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values. The stocks in this index are also members of either the Russell 1000 Value or the Russell 2000 Value indices. The comparative index returns include reinvestment of income but do not include transaction costs or management fees.