Large Cap Value
Historic Row Houses
Monroe Ward Neighborhood; Richmond, VA
Haxall Canal Walk Murals
Downtown; Richmond, VA
About Large Cap Value
Investment Objective
The Large Cap Value team seeks to provide a return that outperforms the Russell 1000® Value Index, net of our management fee, over a full market cycle.
Investment Overview
TSW’s Large Cap Value strategy applies a bottom-up, fundamental approach to investing. We seek stocks having a combination of three characteristics: mispriced shares relative to our estimate of intrinsic value, identifiable catalysts for positive change and upside potential that meaningfully exceeds downside risk over an 18 to 36-month time horizon.
Investment Process
TSW employs a disciplined investment process—applied and refined over decades—designed to identify attractive securities and to build portfolios to meet our clients’ objectives. Process, not herd instincts or emotion, drives every
Strategy Highlights
Repeatability: a tenured team executing a consistently applied process
A tenured team with nearly a decade of averaged experience working together
A time-tested approach
- Bottom-up, fundamental process
- Searching for mispriced stocks exhibiting signs of positive change
- Seeking favorable reward versus risk profile
- A long-term investment horizon
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Large Cap Value Trailing Performance
September 30, 2024
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell 1000® Value Index. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). Benchmark Source: Russell Investments. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
Periods less than one year are not annualized. Performance represents the Large Cap Value composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Since Inception: August 31, 2015
Please see Risk Disclosures for important information.
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell 1000® Value Index. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). Benchmark Source: Russell Investments. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
Periods less than one year are not annualized. Performance represents the Large Cap Value composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Since Inception: August 31, 2015
Please see Risk Disclosures for important information.
Industry Weights
September 30, 2024
Portfolio Characteristics
September 30, 2024
Benchmark: Russell 1000® Value Index. Source: FactSet, Russell Investments (October 2024). Industry weights are run on a single account in the Large Cap Value composite and, due to rounding, may not add up to 100.0%.
Benchmark: Russell 1000® Value Index. Source: FactSet, Russell Investments (October 2024). Characteristics are run on a single account in the Large Cap Value composite and are subject to change. Turnover reflects one-year annualized data.
Meet Our Team
Brett is a graduate of the University of Richmond, BA and the University of Virginia, Darden School, MBA. Previously, he was employed with Arthur Andersen LLP as a Senior Associate and First Union Securities, Inc, Assistant Vice President, Equity Research. He holds the Chartered Financial Analyst® designation. He is registered as an Investment Adviser Representative. Check the Background of this Investment Professional here.
Bryan is a graduate of the College of the Holy Cross, BA and the Fuqua School of Business at Duke University, MBA. Most recently, he was a Partner at Private Advisors, LLC. Formerly, he was employed with MFC Global Investment Management as a Senior Research Analyst. Mr. Durand was also previously employed at TSW as an Equity Research Analyst. Bryan is currently registered as an Investment Adviser Representative. Check the background of this Investment Professional here.
Michael is a graduate of Western Kentucky University, BS and Hofstra University, MBA. Previously, he was employed as a buyside analyst at an insurance holding company and most recently as a sell-side analyst covering the Utilities/Energy Pipeline sector. He holds the Chartered Financial Analyst® designation.
Related News and Insights
1Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor. Important information about the Fund can be found in the prospectus or summary prospectus which can be obtained at www.perpetual.com or by calling 1‑866‑260‑9549 or 1‑312‑557‑5913. Please read the prospectus or summary prospectus carefully before investing. The Perpetual Americas Funds are advised by Perpetual Americas Funds Services and distributed through Perpetual Americas Funds Distributors, LLC, member FINRA. The Perpetual Americas Funds are not FDIC‑insured, may lose value, and have no bank guarantee.
Data as of 09/30/2024
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Suite 600
Richmond, VA 23230
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You are leaving TSW
You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
You are leaving TSW
You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
