Page 349 - DCAC Feb 2026 Files

Boston Partners SCV II 12/31/25
FUND INFORMATION PEER GROUP ANALYSIS - Small Value RISK VS. RETURN (5 YEARS*)
Fund Boston Partners 20.0 20.0
Family:
Fund Inception: 07/01/1998
Portfolio Gumpert,G 15.0 15.0
Manager:
Total 695 Million 10.0
Assets: 10.0
Turnover 70.00 %
Firm and Management: Return 5.0 Return (%) 5.0
Boston Partners was founded in 1995.
They focus on having one investment 0.0
philosophy and process across all 0.0
strategies. They focus on the "Three
Circles" stock selection process which -5.0
includes the valuation, business -5.0
fundamentals and business momentum
of each stock. -10.0
-8.0 0.0 8.0 16.0 24.0 32.0
Investment Strategy: -10.0 Risk (Standard Deviation %)
Boston Partners Small Cap Value is Last Year 1 3 5 7 10
fundamental, bottom-up value strategy. Quarter To Date Year Years Years Years Years Standard
Their value discipline is rooted in three ¢ £ Boston Partners SCV II -0.68 (92) 7.50 (44) 7.50 (44) 12.67 (18) 9.75 (41) 10.96 (36) 9.13 (41) Return Deviation
"fundamental truths": 1. Low valuation ˜  Russell 2000 Value Index 3.26 (25) 12.59 (13) 12.59 (13) 11.73 (29) 8.88 (58) 10.09 (56) 9.27 (36) ¢ £ Boston Partners SCV II 9.75 18.32
stocks outperform high valuation ˜  Russell 2000 Value Index 8.88 20.15
stocks. 2. Companies with strong Median 9.32 19.44
fundamentals (high returns on invested Median 1.82 6.76 6.76 10.43 9.32 10.32 8.84 ¾
capital) outperform companies with
poor. 3. Stocks with positive business
momentum (improving trends/rising CALENDAR YEAR RETURNS AND PERCENTILE RANKINGS
earnings) outperform stocks with
negative momentum. These 2024 2023 2022 2021 2020 2019 2018
characteristics are analyzed using a Boston Partners SCV II 14.02 (10) 16.68 (40) -11.49 (51) 25.78 (78) 1.60 (64) 28.02 (11) -16.34 (63)
bottom-up blend of qualitative and Russell 2000 Val Idx 8.05 (62) 14.65 (57) -14.48 (80) 28.27 (60) 4.63 (39) 22.39 (48) -12.86 (29)
quantitative inputs to build a portfolio Small Value Median 9.20 15.54 -11.37 30.60 3.45 22.24 -14.90
which they believe will outperform with
the ultimate goal to "win by not losing".
Innovest Assessment: ROLLING 3 YEAR RETURN AND PERCENTILE RANKINGS
The strategy should be expected to 3 3 3 3 3 3 3
outperform in market environments with Years Years Years Years Years Years Years
an upward bias that are broadly based Ending Ending Ending Ending Ending Ending Ending
and balanced in terms of style. It Dec-2025 Dec-2024 Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019
should also outperform in periods Boston Partners SCV II 12.67 (18) 5.60 (26) 9.11 (63) 4.19 (80) 17.83 (60) 2.85 (44) 5.54 (35)
marked by a correction from prior Russell 2000 Val Idx 11.73 (29) 1.94 (84) 7.94 (80) 4.70 (74) 17.99 (58) 3.72 (33) 4.77 (47)
market imbalances and recovery from Small Value Median 10.43 3.77 9.82 6.36 18.42 2.54 4.59
profound valuation dislocations. It
should underperform in a highly
speculative market in which valuation
and fundamental investment principles
are disregarded.
*If less than 5 years, data is since inception of fund share class.

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