The objective of this strategy is to achieve long-term capital appreciation and income growth by investing primarily in large capitalization U.S. dividend-paying corporations.
100% S&P 500 Index
Philosophy and process
The strategy focuses on firms that can grow their assets or sales, while regularly raising dividends.
The investment process combines a top-down macroeconomic view with: (1) bottom-up fundamental security selection to identify stocks of high-quality businesses that offer good valuation, a robust balance sheet, and excellent management; and (2) a proprietary Discounted Cash Flow valuation model. The top-down process allows for selective sector allocation.
The portfolio holds 55 to 75 securities on average.
Risk allocation focuses on stock selection rather than on larger sectorial bets and is based on target-weight models.
Why invest in these strategies?
A high-conviction strategy focused on regular and growing dividends that aims to deliver capital appreciation and income.
Dividend-paying stocks historically grow faster than the market, with less volatility.
A defensive strategy that has led to good participation in a strong equity market and less downside risk during weaker environments.
An actively managed and broadly diversified portfolio with a long-term investment horizon that provides stability through market cycles.