The Westwood LargeCap Value Equity strategy:

  • Is actively managed, utilizing a fundamental bottom-up security selection process.
  • Typically invests in approximately 40-60 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.
  • Controls risk by limiting the target weight of each holding, imposing maximum position sizes, and limiting sector weightings. The beta of the portfolio is typically less than that of the market.

Performance

(As of 9/30/2017)

Inception date QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception
LargeCap Value Gross of Fees 1/1/1987 4.11% 12.62% 17.90% 10.15% 13.81% 6.71% 11.87%
LargeCap Value Net of Fees 3.92% 11.99% 17.03% 9.33% 13.03% 6.16% 11.20%
Russell 1000 Value Index 3.11% 7.92% 15.12% 8.53% 13.20% 5.92% 10.40%

Investment Team

Westwood believes that team management creates a sense of ownership, accountability and consistency in the investment process. Our LargeCap 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

Matthew R. Lockridge

Portfolio Manager/Research Analyst

Lisa Dong, CFA

Portfolio Manager/Research Analyst

Mark R. Freeman, CFA

Chief Investment Officer

Scott D. Lawson, CFA

Portfolio Manager/Research Analyst

Varun V. Singh, PhD, CFA

Portfolio Manager/Research Analyst


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 LargeCap Value composite, previously known as the LargeCap Value Equity Composite, includes all taxable and tax-exempt, fee-paying fully discretionary accounts invested primarily in equity securities with market capitalizations above $5 billion and having comparable objectives. The minimum portfolio size for inclusion in the LargeCap Value Composite is $5 million beginning January 1, 2006. Portfolio returns reflect the reinvestment of dividend and interest income. The LargeCap Value Composite is benchmarked against the Russell 1000 Value Index. The Russell 1000 Value Index is an unmanaged market index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values. The Russell 1000 Value Index contains those Russell 1000 companies that have higher book-to-price ratios, and thus a less-than-average growth orientation, than the remaining companies in the Russell 1000 Index that encompass the Russell 1000 Growth Index. The comparative index returns include reinvestment of income but do not include transaction costs or management fees.