Large Cap Fundamental Value

Strategy Description
The Large Cap Fundamental Value strategy has a successful track record dating back more than 37 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 21 investment analysts

Read more about the large cap fundamental value strategy