Overview

Assets

$376.9 million

As of June 30, 2024

Inception Date

April 1, 2005

Holdings

20-25

Turnover

Typically 25-40%

Latest Commentary

Fact Sheet

Body

Philosophy

The Dividend Growth Strategy (“the Strategy”) seeks quality companies trading at attractive valuation levels with growing dividend payments. The Strategy primarily invests in large-capitalization companies with management teams focused on increasing their return to shareholders in the form of dividends.

Process

Utilizing a bottom-up, fundamental approach, we search for quality companies with growing dividend payments trading at attractive valuation levels. We believe the Strategy’s process is distinguished by three key attributes:

High Quality

  • Strong and sustainable business models
  • Competitive advantages, barriers to entry and unique differentiation
  • Strong returns on invested capital and high levels of free cash generation

Dividend Growth

  • Ability and willingness to return more cash to shareholders through dividend payments
  • Dividends growing faster than the market
  • Target a portfolio yielding at or above the benchmark

Concentrated Portfolio

  • Reflects our deep conviction in holdings
  • Controls risk through diversification and appropriate position sizing
  • Enables us to conduct rigorous, fundamental research on every holding

Team

Commentary

Dividend Growth