Investment Overview

The Value Team employs an Opportunistic Value approach, seeking companies trading at a discount to their intrinsic value, to create a high-conviction portfolio comprised of leading companies.
We emphasize independent bottom-up, fundamental research.
We seek leading companies that are mispriced, out of favor, or misunderstood by the market, and identify them by using a culture of ownership and debate within the Team. Leading companies exhibit:
     – Robust and sustainable business models with strong returns on capital
     – Financial discipline exemplified through a durable balance sheet
     – A strong free cash flow profile that supports compounding of value
A strict sell discipline helps to preserve capital by remaining objective.
 

Portfolio Construction

25-45 stocks in the portfolio
Largest position can be up to 300 basis points above the largest benchmark position
Maximum sector weight variance of 5% relative to Russell 1000® Value Index
Cash typically kept to less than 5% of the portfolio

Investment Team

Aaron Dunn, CFA

Managing Director, Co-Head of Value Equity

Joined investment management industry in 2000

Joined Eaton Vance in 2012

BS, University of Arkansas

MBA, University of Texas


Bradley Galko, CFA

Managing Director, Co-Head of Value Equity

Joined investment management industry in 1991

Joined Eaton Vance in 2013

BBA, University of Notre Dame


 

Benchmark

Benchmark: Russell 1000® Value Index