Value Opportunities

Characteristics
As of 09/30/2019
TOP TEN HOLDINGS (%)1
Microsoft Corp.
6.4
General Electric Co.
5.6
Seritage Growth Properties
4.4
Wells Fargo & Co.
4.4
General Electric Co. (5% Pref.)
4.3
Goldman Sachs Group Inc.
4.2
Oracle Corp.
3.6
American International Group Inc.
3.5
Bank of America Corp.
3.5
Morgan Stanley
3.3
0% 2% 4% 6% 8% 10%
TOP TEN INDUSTRIES (%)1
Banks
10.5
Software
10.1
Industrial Conglomerates
9.9
Capital Markets
9.7
Media
8.4
Oil, Gas & Consumable Fuels
5.7
Equity REITs
4.8
Energy Equipment & Services
4.5
Insurance
4.5
Automobiles
4.0
0% 3% 6% 9% 12% 15%
SECTOR BREAKDOWN (%)1
  Portfolio Russell 3000 Value Index2
Financials 25.4 23.0
Industrials 17.6 8.2
Information Technology 14.4 9.9
Communication Services 13.0 6.8
Energy 10.2 8.7
Consumer Discretionary 7.9 5.5
Real Estate 5.4 5.5
Materials 1.5 4.0
Health Care 1.2 14.4
Consumer Staples 0.5 7.4
Utilities 0.0 6.5
STATISTICS
  Portfolio Russell 3000 Value Index
P/E Ratio (FY2) 11.7x 13.8x
Price/Normal Earnings 7.3x 14.5x
Price/Book 1.2x 1.9x
Price/Sales 1.1x 1.5x
Dividend Yield (ex bonds) 2.0% 2.7%
Yield (including bonds) 2.7% --
Payout Yield 5.8% 5.3%
Weighted Average Market Capitalization (millions) $164,835 $107,179
Median Market Capitalization (millions) $9,866 $1,528

% of Total Portfolio 
2 As of 6/30/19

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