Strategy
Investment Approach
- Employ a conservative, value-oriented investment approach and typically invest in high quality, dividend-paying companies with strong brands, franchises, or assets we think are undervalued.
- To identify these companies, we let valuation be our guide and utilize a variety of different metrics and proprietary screens to assess valuation appeal.
- Leverage our global research platform to assist in uncovering companies with strong reward-to-risk characteristics.
- Maintain a long-term orientation to allow for full exploitation of valuation anomalies.
- Construct a diversified portfolio to help manager our risk profile.
Portfolio Construction
- Bottom-up fundamental approach
- Typically 100-125 issuer portfolio
- Individual positions will typically range from 0.50% to 3.00%-average position size of 0.75% to 1.50%
- Sector weights typically range from 0.5X to 2.0X, the primary value sectors of the Russell 1000 Value Index
- Reserves will typically range from 1% to 5%
- Seeks above average yield relative to the broader equity market
Past performance does not predict future returns.