The strategy focuses on companies that have a consecutive 25-year history of paying cash dividends. Our history indicates that a strategy of emphasizing low price/book ratios and high dividend yields provides a measure of protection in down markets, as well as participation in improving economic cycles.
Seeks to outperform the Russell 1000® Value Index over a full market cycle.
We seek quality companies that are temporarily undervalued for reasons we can identify, understand, and believe will improve over time. We strive to construct portfolios that trade at levels below the market across multiple metrics (P/E, P/B) while simultaneously delivering an above-market dividend yield. The strategy focuses on companies that have a consecutive 25-year history of paying cash dividends with below-market valuations based on actual trailing earnings, characterized by low expectations due to past earnings disappointments or other temporary issues. We expect the companies in which we invest to produce above market earnings growth, profitability, and return on capital.
Top 10 Holdings
*Most recent quarter returns are not annualized. Past performance does not guarantee future results and there is no assurance that the Strategy will achieve its investment objective.