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Favorable Environment for Value Continues
Deep Value Strategy

Favorable Environment for Value Continues
Rising Uncertainty = Greater Value Potential
Deep Value Strategy

Rising Uncertainty = Greater Value Potential
A Fork in the Road (Follow Value Signs)!
Deep Value Strategy

A Fork in the Road (Follow Value Signs)!
Low Valuation Securities Remain Attractive
Deep Value Strategy

Low Valuation Securities Remain Attractive
Price Versus Value
Deep Value Strategy

Price Versus Value
The Weighing Machine Should Tilt in Value’s Favor
Deep Value Strategy

The Weighing Machine Should Tilt in Value’s Favor
Pro-Value Cycle
Deep Value Strategy

Pro-Value Cycle
Return to Normal Supports Value’s Outperformance
Deep Value Strategy

Return to Normal Supports Value’s Outperformance
Value’s Lead in the Recovery
Deep Value Strategy

Value’s Lead in the Recovery
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