StrategiesInternational Small Cap Diversified Value
PORTFOLIO ALLOCATION (%)1
| PORTFOLIO ALLOCATION (%)1 | |
|---|---|
| Continental Europe | 32.3% |
| Japan | 30.1% |
| United Kingdom | 11.3% |
| Americas | 10.4% |
| Other | 12.9% |
| SECTOR ALLOCATION (%)1 | PORTFOLIO | COMPARED TO MSCI WORLD EX-USA SMALL CAP2 |
|---|---|---|
| Financials | 26.2 | 15.0 |
| Industrials | 24.3 | 2.0 |
| Energy | 6.0 | 1.2 |
| Information Technology | 10.5 | 0.9 |
| Utilities | 2.1 | -0.8 |
| Health Care | 5.0 | -1.0 |
| Materials | 8.9 | -2.0 |
| Communication Services | 1.3 | -2.4 |
| Consumer Staples | 3.4 | -2.7 |
| Consumer Discretionary | 8.7 | -3.3 |
| Real Estate | 0.7 | -9.8 |
| Portfolio Characteristics | Portfolio | MSCI World ex-USA Small Cap |
|---|---|---|
| Price/Normal Earnings | 8.7x | 12.9x |
| Forward Price/Earnings (fiscal year) | 8.9x | 12.0x |
| Price/Book | 1.0x | 1.4x |
| Payout Yield | 4.3% | 3.5% |
| Weighted Avg Market Cap ($M) | $1,554 | $3,026 |
| Median Market Cap ($M) | $798 | $1,293 |
| Number of Securities | 298 | 2,371 |
| Turnover (3 Yr Avg) | 60% | |
| Active Share (3 Yr Avg) | 92 |
MARKET CAP ALLOCATION (%)1
| MARKET CAP ALLOCATION (%)1 | Portfolio | MSCI World ex-USA Small Cap Index |
|---|---|---|
| <$1B | 54.1 | 13.4 |
| $1B - $3B | 28.3 | 43.1 |
| >$3B | 17.6 | 43.5 |
1 % of Total Portfolio
2 As of 12/31/23
Data source: Hotchkis & Wiley, Bloomberg
Information provided is based on a representative portfolio of the International Small Cap Diversified Value strategy. Sector weights and statistics may vary due to different restrictions, cash flows, and other relevant considerations. No assumptions should be made that companies identified, or all investment decisions were, or will be profitable. Statistics presented may be based on proprietary or third-party estimates, which are subject to change and cannot be guaranteed.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s Financial Services, LLC (“S&P”) and is licensed for use by Hotchkis & Wiley (“H&W”). All rights reserved. Neither S&P nor MSCI is liable for any errors or delays in this report, or for any actions taken in reliance on any information contained herein. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. See Index definitions for full disclaimer.
All investments contain risk and may lose value. Investing in foreign as well as emerging markets involves additional risk such as greater volatility, political, economic, and currency risks and differences in accounting methods. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies. Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.
