U.S. Dividend


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.

How to invest?

Portfolio Manager(s)

Dan Rohinton

Vice-President, Portfolio Manager, Global Dividend

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Oliver Shao

Director, Portfolio Manager, Global Dividend

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