Value Opportunities

Characteristics
As of 03/31/2019
TOP TEN HOLDINGS (%)1
General Electric Co.
5.9
Microsoft Corp.
5.6
Seritage Growth Properties
5.3
Wells Fargo & Co.
4.8
General Electric Co. (5% Preferred)
4.6
American International Group Inc.
4.3
Amerco
4.0
National Oilwell Varco Inc.
3.7
Goldman Sachs Group Inc.
3.6
Bank of America Corp.
3.4
0% 2% 4% 6% 8% 10%
TOP TEN INDUSTRIES (%)1
Banks
11.2
Industrial Conglomerates
10.5
Capital Markets
9.7
Media
8.8
Software
8.6
Equity REITs
6.2
Energy Equipment & Services
5.7
Oil, Gas & Consumable Fuels
5.5
Insurance
5.3
Road & Rail
4.0
0% 3% 6% 9% 12% 15%
SECTOR BREAKDOWN (%)1
  Portfolio Russell 3000 Value Index2
Financials 27.2 23.0
Industrials 22.5 7.7
Information Technology 11.6 9.4
Energy 11.3 9.0
Communication Services 10.5 7.0
Real Estate 6.8 5.4
Consumer Discretionary 5.0 5.5
Health Care 1.9 15.0
Materials 1.4 4.1
Consumer Staples 1.0 7.5
Utilities 0.0 6.5
STATISTICS
  Portfolio Russell 3000 Value Index
P/E Ratio (FY2) 11.1x 13.0x
Price/Normal Earnings 7.4x 14.1x
Price/Book 1.3x 1.9x
Price/Sales 1.1x 1.5x
Dividend Yield (ex bonds) 2.0% 2.6%
Yield (including bonds) 2.7% --
Payout Yield 5.6% 5.6%
Weighted Average Market Capitalization (millions) $119,521 $111,749
Median Market Capitalization (millions) $13,677 $1,597

% of Total Portfolio 
2 As of 12/31/18

Data source: Hotchkis & Wiley, Bloomberg

Information provided is based on a representative portfolio of the Value Opportunities strategy. Sector and/or industry weights, statistics, and holdings may vary due to different restrictions, cash flows, and other relevant considerations. Top ten holdings identified do not represent all of the securities purchased, sold, or recommended for advisory clients, and may not be indicative of current or future holdings or trading activity. Securities shown in aggregate may represent only a limited portion of an account’s portfolio holdings. No assumptions should be made that companies identified, or all investment decisions were, or will be profitable. A complete list of portfolio holdings is available upon request. Statistics presented may be based on proprietary or third-party estimates, which are subject to change and cannot be guaranteed. The strategy may be viewed as a non-diversified strategy, which may concentrate its assets in fewer individual holdings. The strategy may be exposed to more individual stock volatility than a more diversified strategy. The strategy may also invest in smaller and/or medium-sized companies, foreign securities, and debt securities.

Russell Investment Group is the source and owner of the Russell Index data contained herein (and all trademarks related thereto), which may not be redistributed. The information herein is not approved by Russell.  H&W and Russell sectors are based on the Global Industry Classification Standard by MSCI and S&P.

Index definitions

Glossary of financial terms