Portfolio Manager Updates

In our quarterly portfolio manager presentations, we dive into the latest quarterly performance-drivers and share our thoughts on the market environment. Click the link below each video for access to the corresponding presentation.

Boston Partners Long/Short Research

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Emerging Markets Dynamic Equity

1Q 2022 Portfolio Manger Update

Portfolio Manager Video

Boston Partners Small Cap Value II

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Boston Partners International Equity

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Boston Partners Global Long/Short

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Boston Partners Long/Short Equity

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Boston Partners Large Cap Value

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Premium Equity (All Cap Value)

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

Boston Partners Mid Cap Value

1Q 2022 Portfolio Manager Update

Portfolio Manager Video

These videos are provided for informational purposes only and should not be considered an offer for a particular security or securities. Views are as of the date of recording and are subject to change at any time based upon market or other conditions. Boston Partners disclaims any responsibility to update such views. Any forward-looking statements are not guarantees of future performance or occurrences and actual results or developments may differ materially from those projected. These views should not be relied on as investment advice, and because investment decisions are based on numerous factors, may not be relied on as an indication of trading intent on behalf of Boston Partners. Please consult your tax or financial advisor for additional information concerning your specific situation.

Past performance is not a guarantee of future results.

The holdings identified and described do not represent all of the securities purchased, sold, or recommended for advisory clients. To receive a complete list of securities purchased, sold, or recommended for this account, their contributions to the portfolio’s overall performance during the time period cited and the calculation methodology used, please contact a Boston Partners representative.

Active Share is a measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index. Managers with high Active Share have been found to outperform their benchmark indexes and Active Share significantly predicts fund performance.

Alpha: A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a product and compares its risk-adjusted performance to a benchmark index. The excess return of the product relative to the return of the benchmark index is the alpha.

Basis Point (bips): Basis Point (bips) refers to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument. The relationship between percentage changes and basis points can be summarized as follows: 1% change = 100 basis points and 0.01% = 1 basis point.

Dividend Yield: The dividend yield or dividend–price ratio of a share is the dividend per share, divided by the price per share. It is also a company’s total annual dividend payments divided by its market capitalization, assuming the number of shares is constant. It is often expressed as a percentage.

Earnings per share (EPS) is a figure describing a public company’s profit per outstanding share of stock, calculated on a quarterly or annual basis. EPS is arrived at by taking a company’s quarterly or annual net income and dividing by the number of its shares of stock outstanding.
Enterprise value-to-sales (EV/sales) is a financial valuation measure that compares the enterprise value (EV) of a company to its annual sales. The EV/sales multiple gives investors a quantifiable metric of how to value a company based on its sales while taking account of both the company’s equity and debt.

Federal Funds Rate and Implied Federal Funds Rate: The target interest rate set by the Federal Open Market Committee (FOMC). This target is the rate at which commercial banks borrow and lend their excess reserves to each other overnight.

Free Cash Flow Yield: A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share. The ratio is calculated by taking the free cash flow per share divided by the current share price.

Inflation: A decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.

Interest Rates: The amount lenders charge borrowers and is a percentage of the principal. It is also the amount earned from deposit accounts.

Operating Return on Operating Assets (OROA): Efficiency financial ratio that calculates the percentage return a company earns from investing money in assets used in its operating activities.

Price-to-Book (P/B): The price per share of a stock divided by its book value (net worth) per share. For a portfolio, the ratio is the weighted average price-to-book ratio of the stocks that it holds.

FY0 and FY1 Price To Earnings (P/E FY1): A method of valuing stocks, calculated by dividing the closing price of a company’s stock by its annual earnings per share. A higher multiple means investors have higher expectations for future growth and have bid up the stock’s price. P/E FY1 is simple measure of one year earnings per share growth from the prior fiscal year (FY0) to the current fiscal year (FY1).

Price-to-sales: Ratio calculated by taking a company’s market capitalization (the number of outstanding shares multiplied by the share price) and divide it by the company’s total sales or revenue over the past 12 months. The lower the P/S ratio, the more attractive the investment.

Return-on-Equity (ROE): A measure of financial performance calculated by dividing net income by shareholders’ equity. Because shareholders’ equity is equal to a company’s assets minus its debt, ROE is considered the return on net assets.

Year Treasury Yield: The 10-year Treasury note is a debt obligation issued by the United States government with a maturity of 10 years upon initial issuance. A 10-year Treasury note pays interest at a fixed rate once every six months and pays the face value to the holder at maturity.