Strategies - Lyrical Asset Management

Lyrical Strategies

Lyrical Asset Management oversees a diverse family of domestic and international value equity strategies, all guided by a disciplined and repeatable investment process.

Process-

Value + Quality + Analyzability = The Lyrical Way

Value

Lyrical’s process begins with the largest companies in the market. We sift through these securities, applying fundamental research to identify the most attractive values in the market. We believe the price we pay is the most important driver of our ultimate return.

Quality

The next prong of our Gems Amid the Junk™ approach aims to avoid investing in the lowest quality “value trap” companies. If you look hard enough, you can find quality companies, we call gems, priced as cheap as the junk. Quality improves our odds of success, as resilient businesses are more able to withstand the world’s inevitable unexpected ups and downs.

Analysis

Price matters most, but if future earnings do not materialize, all is for naught. Investing success depends on reasonably estimating the future earnings of a business. For some companies this is much easier than for others. We seek companies that are relatively simple to understand, which we believe should improve our ability to estimate future earnings.

U.S. Value Equity

As of 03/31/2023

wdt_ID	Strategy Name	Strategy Vehicle	Asset Class	Inception Date	Vehicle Assets
1	U.S. Value Equity Strategy (EQ)	SMA	U.S. Equity	01/01/2009	$1,745M
3	U.S. Value Equity Strategy (CS)	SMA	U.S. Equity	08/01/2013	$3,056M
4	U.S. Value Equity Strategy (CS)	UCITS	U.S. Equity	06/07/2021	$457M
5	U.S. Value Equity Strategy (EQ)	Limited Partnership	U.S. Equity	01/01/2014	$158M
6	U.S. Value ETF (USVT)	ETF	U.S. Equity	09/14/2021
7	Lyrical U.S. Value Equity Fund (LYRIX)	Mutual Fund	U.S. Equity	02/04/2013

Disclosures/disclaimers go here

International, Global & Impact