LOMBARDIA CAPITAL PARTNERS LLC

Lombardia Capital Partners LLC is an “employee and minority-owned boutique asset manager specializing in U.S. and non-U.S. value equities.” The company is based out of Pasadena, California and has expanded to have an additional office in Chicago, Illinois. Lombardia Capital Partners was originally established in 1989 and, as its name suggests, operates under a partner company infrastructure. The company has grown from its inception to how operate with 27 employees of which 16 are investment professionals. Lombardia Capital Partners manages over $3.7 billion in total assets under management spread across 84 accounts, all of which are discretionary accounts. Although the company’s total number of accounts has not changed significantly in recent years, its total assets under management has been increasing, growing significantly from under $1.4 billion back in 2010 to well over twice that amount today. Lombardia Capital Partners conducts its research internally, allocating its assets across a variety of small to large cap companies across a diversified array of sectors. The company utilizes a fundamental methodology to make its investment decisions and benchmarks its performance against a variety of Russell indices. Lombardia Capital Partners invests most heavily in the finance sector, which alone makes up a fifth of its total asset allocations, and also invests in the industrials, consumer discretionary, other, real estate, information technology, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation. The company, on average, keeps its holdings over 9 quarters and has had a most recent turnover rate of approximately 21%. Lombardia Capital Partners mainly caters to pension and profit sharing plans and state and municipal government entities, which each make up approximately a third of its client base, and also caters to a variety of other clientele. The company currently offers its small cap value, small cap core, large cap value, all cap value, and international equity value strategies.