Bell Investment Advisors

MARCH 15, 2023

Original air date: Monday, March 13th, 2023 at 12pm PDT Presenter: Portfolio Manager Ryan Kelley, CFA® Slide 1: Annual Review and Outlook 0:00 Good afternoon. I’m a portfolio manager here at Bell Investment Advisors. There’s maybe a similar valuation to what you might have seen in 2017, 2018, or 2019.

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Brown Advisory

FEBRUARY 14, 2023

Such abundance of information, coupled with biases, inconsistencies and lags that are still present in country data, require establishing clear criteria to separate signal from noise. Our in-house Sovereign Sustainability Score provides an initial indication of a country’s performance from over 30 indicators across a number of factors.

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Brown Advisory

FEBRUARY 14, 2023

Such abundance of information, coupled with biases, inconsistencies and lags that are still present in country data, require establishing clear criteria to separate signal from noise. Our proprietary Sovereign ESG Score provides an initial indication of a country’s ESG performance from over 30 indicators across a number of ESG factors.

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Brown Advisory

FEBRUARY 14, 2023

Such abundance of information, coupled with biases, inconsistencies and lags that are still present in country data, require establishing clear criteria to separate signal from noise. Our proprietary Sovereign ESG Score provides an initial indication of a country’s ESG performance from over 30 indicators across a number of ESG factors.

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The Big Picture

DECEMBER 19, 2023

There are about 13 different portfolio managers each focused on a different sub-sector. They run long short across each of these, and they’ve put up some pretty impressive numbers over the past couple of years. And to the credit of the portfolio manager that I was working with Josh Fisher, we were actually up that year.

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The Big Picture

JULY 24, 2023

MIAN: So Stray Reflections is a macro advisory and community that works with portfolio managers, CIOs around the world. And I don’t have a particular ego that needs to be presented and, you know, articulate in a particular way. MIAN: Valuations are ebb and flow. Tell us a little bit about your research.

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The Big Picture

AUGUST 29, 2023

And it worked out and had multiple job offers coming out of school from a number of different insurance companies. I had a number of relationships that I built up and had another job lined up in New York City. DAVIS: So when we think about how those teams are evaluated, it’s a three-year number. So how did you perform?

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Brown Advisory

JUNE 1, 2023

This is achieved by investing in a concentrated portfolio of companies that, according to our analysis, generate durable levels of free cash flow, exhibit capital discipline and have attractive valuations. The number of ESG-focused funds has mushroomed to meet investor demand. Numbers may not total due to rounding.

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Brown Advisory

SEPTEMBER 22, 2017

It then presents a framework for how to use ESG information to support fundamental research. Of the 20 academic studies referenced, half reported a positive effect of ESG factors on portfolio performance, three reported negative effects, and the rest were neutral. The Journal of Portfolio Management 40(2): 18-29.

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Brown Advisory

SEPTEMBER 22, 2017

It then presents a framework for how to use ESG information to support fundamental research. Of the 20 academic studies referenced, half reported a positive effect of ESG factors on portfolio performance, three reported negative effects, and the rest were neutral. The Journal of Portfolio Management 40(2): 18-29.

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Brown Advisory

APRIL 18, 2018

Balancing Act | For Good Measure: How We Value Global Leaders achen Wed, 04/18/2018 - 11:03 Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio.

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Brown Advisory

APRIL 18, 2018

Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio. This makes ratios like the P/E ratio dangerous as a valuation tool. Wed, 04/18/2018 - 11:03.

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Brown Advisory

MARCH 30, 2022

We believe that a long-term investing approach focused on businesses with strong competitive advantages, with business models that generate high return on incremental invested capital, capable and rightly incentivized management teams and attractive valuations, from a long-term investment horizon, may help investors navigate this volatility.

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Brown Advisory

DECEMBER 18, 2017

Investigative Research Process: Receive assignment from a portfolio manager or sector analyst. the company’s products had been in wider use in Europe for a number of years, so Doug also made in-person contact with an expert in the U.K. Although new in the U.S., and a connection with a Texas surgeon.

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Brown Advisory

DECEMBER 18, 2017

Investigative Research Process: Receive assignment from a portfolio manager or sector analyst. the company’s products had been in wider use in Europe for a number of years, so Doug also made in-person contact with an expert in the U.K. Develop an understanding of the problem or question we are looking to answer. Emily Dwyer.

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Brown Advisory

OCTOBER 11, 2021

With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. It is not representative of an actual portfolio. The estimated returns are representative of a hypothetical portfolio and asset allocation. Source: BLOOMBERG. Performance source: BLOOMBERG.

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Brown Advisory

OCTOBER 11, 2021

With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. It is not representative of an actual portfolio. The estimated returns are representative of a hypothetical portfolio and asset allocation. Muted Expectations. Source: BLOOMBERG.

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Aleph

JANUARY 14, 2023

Picture Credit: David Merkel, with an assist from the YouImagine AI image generator || Boldly flying in front of a stained glass window Portfolio Management Sick of the ups and downs of the markets? link] Abundant liquidity from the Fed emboldened growth investors to bid prices to unsustainable valuations.

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Good Financial Cents

NOVEMBER 16, 2022

Transaction management: You can receive local market information, offer management, and complete transaction services. Property management: This covers marketing, tenant relations, repairs, maintenance, and construction management. Portfolio management: You get reporting, accounting, oversight, and recommendations.

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Brown Advisory

MARCH 28, 2019

Long-term principal erosion is of particular concern for endowments and foundations; many of these portfolios were created to provide funding into perpetuity, and the erosion of capital represents a clear and present danger to a perpetuity mandate. The charts present only a range of possible outcomes.

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Brown Advisory

MARCH 28, 2019

Long-term principal erosion is of particular concern for endowments and foundations; many of these portfolios were created to provide funding into perpetuity, and the erosion of capital represents a clear and present danger to a perpetuity mandate. The charts present only a range of possible outcomes. FROM THEORY TO PRACTICE.

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The Big Picture

SEPTEMBER 26, 2023

It was, it will be drawn if the opportunity presents itself. Ritholtz ] 00:09:37 I recall reading, and I know you can’t say this, but I recall reading that fund return something like 19% a year, some just astounding number. Crazy number. So the A fund, if I recall correctly, was about three and a half billion.

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The Big Picture

AUGUST 16, 2022

And if you’re able to do that in a diverse number of markets and asset classes, while managing risk in the markets that aren’t trending, you know, that’s in general how trend following works. Maybe we’ll get down to 4% or 5%, but that’s the number the Fed doesn’t like. TROPIN: Correct.

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The Big Picture

MARCH 26, 2024

00:09:37 [Speaker Changed] So again, I was on the avatar side of this y avatar broader organization, which was institutional money management, managing money for a lot of large corporate plans and foundations and endowments. And I was a portfolio manager, so I was doing bottom up research and picking stocks.

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The Big Picture

MARCH 21, 2023

I was a fixed income portfolio manager and trader, which is a ton of fun. PIMCO out on the West Coast, read the first thing I wrote in the Journal of Portfolio Management. You can use this in a number of ways. And that’s a pretty good number. Program didn’t feel right. I then got just very lucky.

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The Big Picture

DECEMBER 12, 2023

And because my mother and grandmother were looking at these trying to figure out what was going on, I was curious about the sea of numbers. And a third approach is compare price with the present value of future cash flows from here to eternity. Because you shouldn’t say the present value is the same for everything.

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The Big Picture

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. This conversation is over.

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The Big Picture

FEBRUARY 12, 2024

And since that happened, I don’t know, about four or five years ago, the fund has been putting up great numbers, outperforming doing really, really well. I just figured if I do well, I would be able to be presented with, with good options. And we held it for, I don’t know, for a number of years.

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