Overview

Assets

$108.1 million

As of December 31, 2022

Inception Date

December 31, 2021

Holdings

20-30

Turnover

Typically 15-35%

Latest Commentary

Fact Sheet

Body

Philosophy

The Equity Income Strategy (“the Strategy”) seeks dividend income and capital appreciation. Dividend yield is a significant contributor to total return that can help limit portfolio volatility and can offer downside protection in down markets.  The Strategy invests primarily in U.S. equities with market caps > $2 Billion with a focus on companies that we believe to have sustainable, long-term competitive advantages.

Process

Investment Approach

Utilizing a bottom-up, fundamental approach, we search for high quality companies that offer a balance of attractive current dividend streams and prospects for capital appreciation.  We utilize our proprietary corporate performance and valuation framework to identify companies we believe to be undervalued.  We believe the Strategy’s process is distinguished by three key attributes:

High Quality

  • Management teams that convey a strategy consistent with prudent capital allocation
  • Strong and sustainable business models
  • Healthy balance sheets

Equity Income

  • Emphasizes companies with sustainable dividend policies and cash flow generation to support future dividends
  • Targets a portfolio yield above the S&P 500
  • Invests in companies offering both current income and capital appreciation potential

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