Channing Capital Management, LLC

Channing Capital Management, LLC is an investment adviser based in Chicago, IL, established in 2003 by Rodney Herenton and Wendell Mackey. The firm specializes in value investing, offering small-cap value, small-mid cap value, large-cap value, and all-cap value U.S. domestic equity investment portfolio strategies to institutional clients. Channing participates in wrap fee programs, providing continuous portfolio management and advisory services. As of 12/31/2024, the firm's discretionary assets under management were $3,883,481,934, and non-discretionary assets were $20,217,270. Fees for Channing's services are generally based on a percentage of assets under management, with fee schedules varying based on the type of client and strategy. The firm may negotiate fees with clients and reserves the right to waive or reduce fees at its discretion. Channing does not generally charge performance-based fees but may consider such arrangements on a limited basis. The firm acts as a fiduciary, putting clients' best interests first. Channing's investment philosophy focuses on fundamental, bottom-up value investing in undervalued domestic equity stocks. The firm's investment process emphasizes stock picking over market timing or sector allocation. Clients have varying levels of investment discretion, with Channing managing assets based on clients' stated objectives, guidelines, and restrictions. The firm has a comprehensive compliance program, code of ethics, and supervisory controls in place to ensure adherence to regulatory standards and client interests.