Q1 2023 Focused Value Commentary
The Snow Focused Value strategy outperformed the benchmark by 10 basis points during the quarter, returning 1.11% gross of fees (0.88% net of fees), while the Russell 1000 Value index gained 1.01%. The strategy has now outperformed the benchmark by 542 basis points over the prior one-year period, returning -0.50% gross of fees (-1.43% net of fees), while the Russell 1000 Value declined -5.91%.
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