Investment Overview

The Value Team employs an Opportunistic Value approach, seeking companies trading at a discount to their intrinsic value, using a strategy offering consistent value exposure that does not sacrifice quality.
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 can help to preserve capital by remaining objective.
 

Portfolio Construction

60 to 80 stocks in portfolio
Maximum active weight: approximately 3 %
Maximum sector weight variance of 5% relative to Russell® 1000 Value Index
Cash is typically kept to less than 5 % of the portfolio
Target excess return: 200-250 basis points
Target tracking error range: 200-400 basis points

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