LAM 2021 U.S. Value Review Letter

In 2021, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of +30.5% (+29.6% net) and +32.1% (+31.0% net), respectively. Comparatively, the S&P 500 and S&P 500 Value produced total returns of +28.7% and +24.9%, respectively.

LAM 2020 U.S. Value Review Letter

In 2020, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of +13.6% (+12.8% net) and +13.2% (+12.1% net), respectively. Comparatively, the S&P 500 and S&P 500 Value produced total returns of +18.4% and +1.4%, respectively.

LAM 2019 U.S. Value Review Letter

In 2019, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of +26.5% (+25.6% net) and +24.3% (+22.8% net), respectively. Comparatively, the S&P 500 and Russell 1000 Value produced total returns of +31.5% and +26.5%, respectively.

LAM 2018 U.S. Value Review Letter

In 2018, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of -21.0% (-21.6% net) and -17.9% (-18.9% net), respectively. Comparatively, the S&P 500 and Russell 1000 Value produced total returns of -4.4 % and -8.3%, respectively.

LAM 2017 U.S. Value Review Letter

In 2017, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of +19.0% (+18.1% net) and +22.7% (+21.3% net), respectively. Comparatively, the S&P 500 and Russell 1000 Value produced total returns of +21.8% and +13.7%, respectively.

LAM 2016 U.S. Value Review Letter

In 2016, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of +16.0% (+15.1% net) and +16.3% (+14.9% net), respectively. Comparatively, the S&P 500 and Russell 1000 Value produced total returns of +12.0% and +17.3%, respectively.

LAM 2015 U.S. Value Review Letter

In 2015, the U.S. Value Equity-EQ and U.S. Value Equity-CS composites produced gross returns of -5.0% (-5.7% net) and -5.1% (-6.3% net), respectively. Comparatively, the S&P 500 and Russell 1000 Value produced total returns of +1.4% and -3.8%, respectively.

LAM 2014 U.S. Value Review Letter

In 2014, our U.S. Value Equity-EQ and U.S. Value Equity-CS composites returned +13.4% and +14.1%, respectively, compared to +13.7% for the S&P 500 Index and +13.5% for the Russell 1000 Value.