StrategiesInternational Value
PORTFOLIO ALLOCATION (%)1
| PORTFOLIO ALLOCATION (%)1 | |
|---|---|
| Continental Europe | 53.2% |
| United Kingdom | 17.6% |
| Americas | 10.2% |
| Japan | 9.0% |
| Other | 6.9% |
| TOP TEN HOLDINGS (%)1 | Portfolio |
|---|---|
| Henkel AG & Co. KGaA | 4.1 |
| Ericsson | 4.0 |
| Akzo Nobel N.V. | 3.5 |
| Shell PLC | 3.3 |
| Heineken Hldg N.V. | 3.2 |
| Fuso Chemical Co. NPV | 3.1 |
| BNP Paribas SA | 2.8 |
| TotalEnergies SE | 2.8 |
| Qantas Airways Ltd. | 2.6 |
| JDE Peet's N.V. | 2.6 |
| SECTOR ALLOCATION (%)1 | PORTFOLIO | COMPARED TO MSCI WORLD EX-USA VALUE2 |
|---|---|---|
| Information Technology | 8.2 | 6.3 |
| Consumer Staples | 12.2 | 5.0 |
| Consumer Discretionary | 10.1 | 3.7 |
| Industrials | 11.8 | 2.5 |
| Materials | 9.6 | 2.2 |
| Communication Services | 6.4 | 1.7 |
| Energy | 9.7 | 1.3 |
| Health Care | 6.5 | -0.3 |
| Real Estate | 0.0 | -2.8 |
| Utilities | 1.5 | -3.8 |
| Financials | 20.9 | -18.9 |
| Portfolio Characteristics | Portfolio | MSCI World ex-USA Value |
|---|---|---|
| Price/Normal Earnings | 9.5x | 12.1x |
| Forward Price/Earnings (fiscal year) | 11.2x | 11.7x |
| Price/Book | 1.5x | 1.5x |
| Dividend Yield | 3.4% | 4.0% |
| Payout Yield | 5.2% | 5.4% |
| Weighted Avg Market Cap ($M) | $73,934 | $88,245 |
| Median Market Cap ($M) | $26,882 | $19,007 |
| Number of Securities | 57 | 459 |
| Turnover (5 Yr Avg) | 28% | |
| Active Share (5 Yr Avg) | 90 |
1 % of Total Portfolio
2 As of 9/30/25
Data source: H&W, MSCI, Bloomberg
Information provided is based on a representative portfolio of the International Value strategy. Portfolio allocations, sector weights, characteristics, and holdings may vary due to different restrictions, cash flows, and other relevant considerations; characteristics shown without the impact of fees and expenses. 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.
H&W selected the representative portfolio based on non-performance criteria. The International Value representative portfolio reflects the management style of the strategy, is part of the strategy’s composite, and has the longest duration under the Adviser’s discretion. Selection of the representative portfolio considers one or more of the following factors, such as the portfolio’s investment guidelines/restrictions, cash flow activity, or duration under the Adviser’s discretion. The representative portfolio is used for informational purposes only, does not predict future portfolio characteristics, and may differ from other portfolios in the strategy due to asset size, client guidelines, and other variables.
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. Any indices and other financial benchmarks shown are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. It is not possible to invest directly in an index.
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. A value-oriented investment approach involves the risk that value stocks may remain undervalued or may not appreciate in value as anticipated. Value stocks can perform differently from the market as a whole or from other types of stocks and may be out of favor with investors and underperform growth stocks for varying periods of time.