Large Cap Fundamental Value

Strategy & Objective

Strategy Description
The Large Cap Fundamental Value strategy has a successful track record dating back more than 39 years. The goal of the strategy is to exploit market mispricings by applying a consistent investment process centered on a balanced assessment of return and risk. We seek to invest in large-cap companies with sustainable cash flows and strong balance sheets whose stocks are undervalued relative to their tangible assets and long-term normal earnings power. Portfolio construction is based on rigorous, independent research and bottom-up security selection. The primary differences between our Large Cap Fundamental Value strategy and our Large Cap Diversified Value strategy are their market cap ranges, number of portfolio holdings, and current income requirements.


What to Expect

  • Exposure to large capitalization, undervalued equities
  • Payout yield higher than the market’s (dividends + share repurchases)
  • Price-to-normal earnings lower than the benchmark
  • Active management unconstrained by the benchmark
  • Thoroughly researched ideas vetted by an experienced team of 22 investment analysts

Read more about the large cap fundamental value strategy


As of 9/30/2019

Asset Class Large Cap Value Equity
Style Benchmark Russell 1000 Value
Broad Benchmark S&P 500
Strategy Assets (millions) $8,551
Number of Stocks 40 – 60
Typical Market Cap Range >$3 billion
Status Open to new investors

Investment Team
We employ a team approach to investing. As such, our clients benefit from the input and contribution of every member of our 22-person investment team. In addition to our Portfolio Managers, our sector teams play an important role in determining the positioning of your investment strategy.