(804) 353-4500tswinfo@tswinvest.com
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.
Mid Cap Value
Haxall Canal Walk Murals
Downtown; Richmond, VA
Haxall Canal Walk Murals
Downtown; Richmond, VA
About Mid Cap Value
Investment Objective
The Mid Cap Value team seeks to provide a return that outperforms the Russell Midcap® Value Index, net of our management fee, over a full market cycle.
Investment Overview
TSW’s Mid 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 investment
Strategy Highlights
Repeatability: a tenured team executing a consistently applied process
A tenured team with over 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
ASSET CLASS / STYLE
U.S. Equity / Value
Composite AUM
$3,011.7M
BENCHMARK
Russell Midcap® Value Index
vehicles available
Separate Account
Sub-Advised Mutual Fund (MVTIX) Transamerica Mid Cap Value Opportunities1
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.
Collective Trust
Sponsored (SMA/UMA)
Mid Cap Value Trailing Performance
As of
September 30, 2024
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell Midcap® Value Index. The Russell Midcap® Value Index measures the performance of those Russell Midcap® Index companies with lower price-to-book- ratios and lower forecasted growth values. The Index is reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the midcap value market. 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 Mid 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.
Please see Risk Disclosures for important information.
Calendar year performance reflects past 10 years of data available.
Benchmark: Russell Midcap® Value Index. The Russell Midcap® Value Index measures the performance of those Russell Midcap® Index companies with lower price-to-book- ratios and lower forecasted growth values. The Index is reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the midcap value market. 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 Mid 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.
Please see Risk Disclosures for important information.
Industry Weights
As of
September 30, 2024
Portfolio
Benchmark
Basic Materials
3.8%
3.5%
Consumer Discretionary
9.6%
13.1%
Consumer Staples
12.4%
5.7%
Energy
7.3%
5.6%
Financials
7.8%
15.0%
Health Care
18.4%
8.7%
Industrials
14.4%
21.8%
Real Estate
2.6%
10.3%
Technology
6.0%
8.1%
Telecommunications
4.6%
1.0%
Utilities
13.1%
7.2%
Portfolio Characteristics
As of
September 30, 2024
Portfolio
Benchmark
Price / Cash Flow
8.4x
12.1x
Price / Earnings (NTM)
11.9x
16.3x
3-5 Year Fwd. EPS Growth
8.5%
10.9%
Weighted Average Market Cap ($ Billion)
$17.3
$25.2
Median Market Cap ($ Billion)
$13.9
$10.9
Number of Stocks
66
714
Name Turnover
39.4%
–
Benchmark: Russell Midcap® Value Index. Source: FactSet, Russell Investments (October 2024). Industry weights are run on a single account in the Mid Cap Value composite and, due to rounding, may not add up to 100.0%.
Benchmark: Russell Midcap® Value Index. Source: FactSet, Russell Investments (October 2024). Characteristics are run on a single account in the Mid Cap Value composite and is subject to change. Turnover data reflects one-year annualized data.
Meet Our Team
Brett Hawkins, CFA
Portfolio Manager
Co-Portfolio Manager
Brett Hawkins, CFA
Portfolio Manager and Chief Investment Officer
2001-01-01
with the firm
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.
bhawkins@tswinvest.com
R. Michael Creager, CFA
Research Analyst
Co-Portfolio Manager
R. Michael Creager, CFA
Portfolio Manager; Research Analyst
2006-01-01
with the firm
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.
mcreager@tswinvest.com
Bryan Durand, CFA
Research Analyst
Co-Portfolio Manager
Bryan Durand, CFA
Portfolio Manager; Research Analyst
2016-01-01
with the firm
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.
bdurand@tswinvest.com
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. Transamerica Mid Cap Value Opportunities is distributed by Transamerica Capital, Inc., which is not affiliated with Thompson, Siegel & Walmsley LLC or any other affiliate. To request a copy of the prospectus, you may call 1-866-414-6349. Only I share class tickers are shown. Contact the adviser or distributor at the links below for specific share class information.
For more information on Transamerica Mid Cap Value Opportunities, visit www.transamerica.com or call 1-800-851-7555.
Data as of 09/30/2024
Stay in the Loop
Subscribe to receive the latest news and updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
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.
CONTACT US
tswinfo@tswinvest.com(804) 353-45006641 West Broad StreetSuite 600
Richmond, VA 23230
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.
LegalPrivacy PolicyRisk DisclosuresForm ADV Part 2AForm ADV Part 2BForm CRS
JOHCM
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.
Perpetual
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.
