Aristotle Global Equity Advisory Q2 2026 Portfolio Review

For the second quarter of 2026, Aristotle Capital's Global Equity WM Composite posted a total return of 6.92% pure gross of fees (6.40% net of fees), underperforming the MSCI ACWI Index, which returned 14.93%, and the MSCI World Index, which returned 13.76%. During the quarter, we sold our positions in Danaher, Dolby Laboratories, and Tokyo Century and purchased Techtronic Industries and Wal-Mart de Mexico. Munich Re, the world's largest reinsurance company, was a detractor during the quarter. The following segment was excerpted from Aristotle Global Equity Advisory Q2 2026 Commentary. Contributors and Detractors for 2Q 2026 Relative Contributors Relative Detractors Microchip Technology ( MCHP ) TotalEnergies ( TTE ) Qualcomm ( QCOM ) Munich Reinsurance