Core Insights - Cullen Capital Management's "SCCM Value Equity Strategy" reported a gross return of 6.9% and a net return of 6.8% for Q3 2025, outperforming the Russell 1000 Value's 5.3% and underperforming the S&P 500's 8.1% during the same period [1] - Year-to-date, the strategy achieved a gross return of 13.0%, compared to Russell 1000 Value's 11.7% and S&P 500's 14.8% [1] Company Overview - Becton, Dickinson and Company (NYSE: BDX) is a global medical technology company that develops and manufactures a wide range of medical supplies, devices, laboratory equipment, and diagnostic products [2][3] - The company has three main segments: BD Medical (50% of 2024 sales), BD Life Sciences (26%), and BD Interventional (24%) [3] - BD Medical focuses on medication delivery devices, holding over 80% market share in US hospital syringes, making it the largest manufacturer of syringes globally [3] Stock Performance - Becton, Dickinson and Company's stock had a one-month return of 2.24% but lost 13.52% over the last 52 weeks, closing at $192.33 per share on November 18, 2025, with a market capitalization of $55.127 billion [2]

Market Overview - The US equity market continued its rally in Q3 2025, with the S&P 500 Index rising 8.12% during the quarter [1] - Bonds also finished higher, with the Bloomberg U.S. Aggregate Bond Index increasing 2.03% [1] Performance Summary - The composite returned 4.33% gross of fees (3.82% net of fees) in Q3 2025 [1] - This performance was compared to a 5.33% return of the Russell 1000 Value Index and an 8.12% return of the S&P 500 Index [1] Company Highlight: Wells Fargo & Company - Wells Fargo & Company (NYSE:WFC) had a one-month return of 3.54% and gained 34.30% over the last 52 weeks [2] - As of October 15, 2025, Wells Fargo's stock closed at $86.46 per share, with a market capitalization of $272.257 billion [2] Company Profile - Wells Fargo & Company, headquartered in San Francisco, California, was founded in 1852 and is one of the largest financial institutions in the U.S. [3] - The company has total assets near $2 trillion and provides a wide array of banking and financial solutions across the U.S. and key international markets [3] - Its operations span four primary business segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management [3]

Core Insights - The US equity market experienced a rally in Q3 2025, with the S&P 500 Index increasing by 8.12% during the quarter [1] - Aristotle Capital's Value Equity Strategy reported a composite return of 4.33% gross of fees and 3.82% net of fees, underperforming the Russell 1000 Value Index and S&P 500 Index [1] Company Overview: Wells Fargo & Company - Wells Fargo & Company (NYSE:WFC) is a major financial services institution, headquartered in San Francisco, California, founded in 1852 [3] - The company has total assets nearing $2 trillion and offers a diverse range of banking and financial solutions across the U.S. and key international markets [3] - Wells Fargo operates through four primary business segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management [3] Stock Performance - Wells Fargo's stock had a one-month return of 3.54% and a 52-week gain of 34.30% [2] - As of October 15, 2025, Wells Fargo's stock closed at $86.46 per share, with a market capitalization of $272.257 billion [2]