Institutional Small Cap Value
Equity Portfolio Characteristics As of 12/31/2023
| Characteristic | Brandywine Global | R2000V |
| Price/Earnings1 | 12.1 | 12.1 |
| Price/Book | 1.5 | 1.4 |
| Price/Cash Flow | 6.2 | 8.3 |
| Dividend Yield (%) | 1.9 | 2.2 |
| Average Market Capitalization ($B) | 3.1 | 2.8 |
| Number of Securities | 58 | 1,431 |
| Turnover (% Last 12 Months) | 69.4 | - |
Top Ten Holdings As of 12/31/2023
| Company | Weight (%) |
| Nerdwallet Inc | 3.0 |
| Jeld-wen Holding Inc | 2.9 |
| Allegiant Travel Co | 2.9 |
| Slm Corp | 2.5 |
| Tfs Financial Corp | 2.2 |
| First Advantage Corp | 2.2 |
| Loandepot Inc | 2.2 |
| Black Hills Corp | 2.2 |
| Hope Bancorp Inc | 2.2 |
| Alaska Air Group Inc | 2.2 |
Sector Allocation As of 12/31/2023
| Sector | Brandywine Global (%) | R2000V (%) |
| Communication Services | 1.6 | 2.4 |
| Consumer Discretionary | 9.0 | 10.9 |
| Consumer Staples | 2.4 | 2.3 |
| Energy | 9.4 | 9.2 |
| Financials | 28.6 | 27.2 |
| Health Care | 7.0 | 8.8 |
| Industrials | 17.4 | 14.1 |
| Information Technology | 7.4 | 5.9 |
| Materials | 2.0 | 4.8 |
| Real Estate | 4.9 | 10.5 |
| Utilities | 7.8 | 3.9 |
| Cash | 2.6 | - |