Boston Partners Long/Short Research Fund Inv CL · NASDAQ:BPRRX
Boston Partners Long/Short Research Fund Inv CL — Boston Partners — Investor Presentation (September 2021)
16 slides from Boston Partners Long/Short Research Fund Inv CL's investor presentation, September 2021
Slide 1: The Sustained Case for Value in Global Equities
August July 13, 5, 2021 2020 The Sustained Case for Value in Global Equities
Slide 2: Equity Investment Team
Equity Investment Team Long tenured investment team employing the same process across all strategies Portfolio Management and Portfolio Research Fundamental and Quantitative Research Joseph Feeney, Jr., CFA Todd Knightly Trevor Frankel, CFA Eric Connerly, CFA CEO, CIO, Long/Short Research Director o
Slide 3: Value Appears Oversold
Value Appears Oversold MSCI EAFE Growth Index vs. MSCI EAFE Value Index Value is Oversold December 10.0% 1984 through March 2021 Annualized Trailing 10-Year Relative Total Return 8.0% MSCI EAFE Growth/Value Avg. +2 StDev. -2 StDev. 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% Jun-07 Jun-12 Jun-17 Jun-97 Ju
Slide 4: Forward Price/Earnings Ratio Comparison
Forward Price/Earnings Ratio Comparison MSCI EAFE Value and MSCI Growth Index Forward Price/Earnings Ratio Comparison December 2005 Through March 2021 December 2005 through March 2021 150% MSCI EAFE Value to MSCI EAFE P/E Ratio MSCI EAFE Growth to MSCI EAFE P/E Ratio 130% 110% 90% 70% 50% Apr-06 Dec
Slide 5: Attractive Value and Positive Estimate Revisions is Working Again
Attractively Value and Positive Estimate Revisions is Working Again Attractively Boston ValueGlobal Partners and Positive Model Estimate ex-U.S.Revisions is working Annualized again using MSCI World Performance Boston Partners Global Model ex-US Annualized Performance using MSCI World ex-US Constitu
Slide 6: Price/Earnings Multiple Expansion has Led the Growth Index Higher
Price/Earnings Multiple Expansion has Led the Growth Index Higher P/E Multiple Expansion has led the Growth Index Higher Annualized AnnualizedReturns January Returns January 2017 2017 through through MarchMarch 2021:EAFE 2021: MSCI MSCI ValueEAFE IndexValue Index and MSCI EAFEand MSCI Growth EAFE Gr
Slide 7: The Growth Index is Expensive Relative to its Own History and Relative to Value
The Growth Index is Expensive Relative to its Own History and Relative to Value MSCI World Growth and MSCI World Value Fiscal Year 1 Price/Earnings Ratio relative to Average* March 2001 through March 2021 190% 190% 170% P/E Current P/E Average* Current/Average 170% MSCI World Growth 30.3x 18.5x 164%
Slide 8: Boston Partners Value Score
Boston Partners Global Developed ex-U.S. Universe Value rank of stocks with attractive momentum scores - rolling 12 month average Boston Partners Global ex-US Universe Value Rank of Stocks with Attractive Momentum Scores - Rolling 12 Month Average December 1994 through March 2021 December 1994 throu
Slide 9: Rolling 1-Year Performance Spread
Global BostonAll-Cap Developed Partners GAC ex-US Stockex-U.S. Stock Selection Model Selection Model Rolling Rolling 1-year top 1-year top ranking rankinglessless the MSCI theEAFE MSCIIndex (hypothetical) EAFE Index (hypothetical) June June 1994 1994 through through March March 2021 2021 50% 40% 30%
Slide 10: Price Momentum Breakdown and Value Stock Performance
Price Momentum Breakdown and Value Stock Performance MSCI WorldBoston Momentum Index Partners Value Rolling 52-Week volatility 12-month performance andtorelative relative performance the MSCI World Index of Boston Partners Value stocks and MSCIvs. theMomentum World MSCI World52-weekIndex Volatility
Slide 11: Portfolio Characteristics - International Equity
Portfolio Characteristics - International Equity A proof statement that the stock selection process results in a "three-circle" portfolio "Three Circles" An attractive valuation, strong business Valuation Fundamentals fundamentals, and positive business momentum. In our experience, portfolios with a
Slide 12: International Equity: Sector weightings through time
International Equity Sector weightings through time – result of the bottom-up process April 2011 – March 2021 4% 2%—7% 7 4%—11% 14% 7%—22% 9% 6%—12% 4% 4%—18% 9% 1%—9% 5% 2%—12% 6% 5%—13% 24% 10%—25% 27% 24%—39% 7 6%—19% 7 5%—11% 18% 9%—24% 13% 7%—15% 11% 3%—17% 3% 2%—4%
Slide 13: Appendix
Boston Partners Appendix Boston Partners n
Slide 14: Investment Performance – International Equity
Investment Performance – International Equity As of March 31, 2021 Annualized Performance (%) 1Q 1 3 5 7 10 Since 1 2021 Year Year Year Year Year Inception* International Equity - Gross of Fees 8.87 55.77 4.11 7.56 4.72 6.95 4.87 International Equity - Net of Fees 8.68 54.71 3.38 6.79 3.97 6.17 4.09
Slide 15: Performance Disclosures
International Equity Performance Disclosures Boston Partners Global Investors, Inc. (“Boston Partners”) The inception date and creation date of the Boston Partners flow; and greater than or equal to 10% of the beginning is an Investment Adviser registered with the Securities and International Compos
Slide 16: Performance Disclosures (continued)
International Equity Performance Disclosures (continued) International Equity: Boston Partners participates in Initial Public Offerings (IPOs) # of Accts. Total Assets Comp. Comp. 3-Yr. Bench. 3-Yr. % of Firm as described in its Form ADV, Part 2. IPO contributions to in Comp. in Comp. Dispersion Std
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