Non U.S. Concentrated Value

Strategy Information (as of 6/30/19)

Asset Class: Non U.S. equity
Strategy Inception: August 2004
Assets in Strategy: $1.2 billion
Minimum Holdings: 30
Market Cap Range: $500 million and greater
Products: Separate Account (open)
Common Benchmarks:

  • MSCI ACWI Ex U.S. Value

Investment Approach

  • Quantitative
  • Deep Value Orientation

The LSV Non U.S. Concentrated Value Strategy applies the LSV quantitative model to a universe of stocks to create and maintain a concentrated portfolio of primarily large and mid cap developed and emerging market non U.S. listed equities. The portfolio will typically have deep value orientation relative to the portfolio benchmark, including low price to earnings, low price to cash flow, and high dividend yield relative to the portfolio benchmark.


 Since InceptionQTDYTD1 Yr3 Yr5 Yr10 Yr
International Concentrated Value Equity Composite (Gross)8.93%1.59%9.77%1.58%10.69%2.85%7.85%
International Concentrated Value Equity Composite (Net)7.86%1.34%9.23%0.57%9.60%1.83%6.79%
MSCI AC World Ex US6.10%2.98%13.60%1.29%9.39%2.16%6.54%
MSCI AC World Value Ex US5.40%1.57%10.02%-0.07%8.93%0.29%5.43%

*Quarterly and year-to-date performance has not been annualized.


LSV is a registered investment adviser and is a joint venture between its management team, current and retired employee partners and SEI Investments Company (“SEI”). SEI’s relationship is entirely as a venture capitalist, by virtue of the minority ownership of SEI Funds, Inc., a wholly-owned subsidiary of SEI, in LSV. To receive a complete list and description of the composites maintained by LSV and/or a compliant presentation, please contact Marisa Rosenblatt at

LSV claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared the performance information for the International Concentrated Value Equity Composite in compliance with the GIPS standards. The International Concentrated Value Equity Composite includes fully discretionary institutional accounts that invest in a concentrated portfolio of non-U.S. developed and emerging market equity securities with the long-term goal of outperforming the net dividend return of a global ex-U.S. large cap benchmark such as the MSCI All Country World Ex-U.S. Index. The MSCI AC World Ex U.S. Index captures large and mid-cap representation across developed markets (excluding the U.S.) and emerging markets and covers a majority of the global equity opportunity set outside the U.S. The returns of the Index are presented net of withholding taxes. Net-of-fee performance is based on fully discretionary accounts under management, including those accounts no longer with LSV, and was calculated using the highest model management fees applicable to portfolios within the composite. Fees may be higher for certain pooled vehicles and the composite may include accounts with performance-based fees. Non-fee paying accounts are not included in the composite. All performance results are net of commissions and transaction costs, and have been presented gross and net of management fees and include the reinvestment of all income. Dividend income is recorded on ex-dividend date or as soon after the ex-dividend date as the information becomes available to LSV. Interest income is recorded on the accrual basis. When applicable, composite performance is presented net of foreign withholding taxes. The U.S. Dollar is the currency used to express performance. Performance results for the indices include reinvested dividends and are presented net of applicable foreign withholding taxes but, unlike the portfolio’s returns, do not reflect the payment of sales commissions or other expenses incurred in the purchase or sale of the securities included in the indices. Past performance is not indicative of future results.

Please see LSV’s Form ADV Part 2A by clicking here for additional information, including LSV’s standard fee schedules and risks related to investing. Actual fees may vary depending on, among other factors, the applicable fee schedule and portfolio size. Additional information regarding LSV’s policies for valuing portfolios, calculating performance, and preparing performance presentations compliant with the GIPS standards are available upon request. None of the benchmark providers, such as MSCI, S&P and Russell, make any express or implied warranties or representations and shall have no liability whatsoever with respect to any benchmark data contained herein. The benchmark data may not be further redistributed or used as a basis for other indices or any securities or financial products. This presentation is not approved, reviewed, or produced by any of the benchmark providers.