Important disclosures regarding performance information contained on this website.
LSV claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. LSV has been independently verified for the period May 1, 1995 through December 31, 2023. Net-of-fee composite returns are based on fully discretionary accounts under management, including those accounts no longer with LSV, and were calculated using the highest model management fees applicable to portfolios within the composite, applied monthly as described in Part 2A of LSV’s Form ADV, which is available at https://lsvasset.com/disclosure/. 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. Actual fees may vary depending on, among other factors, the applicable fee schedule and portfolio size. 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. Withholding taxes may vary according to the investor’s domicile. All returns are expressed in USD except those indicated with another currency. 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. The returns of the applicable indices are calculated using tax rates different from those of the LSV composite and the domicile of the investors. Investments cannot be made directly in a broad-based securities index. Returns for applicable indices include the effect of foreign currency exchange rates. The exchange rate source of the applicable LSV composite is WM/Reuters. The benchmark provider may use a different source for exchange rates. Past performance is not indicative of future results.
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. The performance information presented on this website is not approved, reviewed, or produced by any of the benchmark providers.
Composite returns are compared against indexes for illustrative purposes only. Index returns are not examined. The comparison to the indexes is not intended to imply that an LSV portfolio is similar to any such index or that an LSV portfolio’s performance will meet or exceed that of any index. Calculations of performance results for the indexes may vary from that of the composite returns in a number of respects. None of the index providers shall have any liability whatsoever with respect to any index data contained herein.
No securities commission or regulatory authority has in any way passed upon the accuracy, quality or adequacy of the information contained herein. This information is not, and under no circumstances is to be construed as, investment advice, a prospectus, a public offering or an offering memorandum as defined under applicable securities legislation or the rules thereunder.
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, including quantitative model risk, management risk, equity risk, market risk, investment in thinly-traded securities risk, cybersecurity risk and business disruption risk. 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.