Schafer Cullen International High Dividend ADR Value Equity

SELECT A STRATEGY

Investment Process

The Schafer Cullen investment team relies heavily on fundamental research as part of its investment selection process. Because the firm has a disciplined value investment philosophy, a rigorous review of company fundamentals vs. industry peer and the overall market is an important part of the investment process.

Screen For Value:

  • Screen universe of ADRs and Canadian Stocks With +3% Yields For:
    • Low P/E Ratios
    • High Dividend Yield
    • Long-term DPS Growth
    • Long-Term EPS Growth
  • Sector and Industry Inflection Points

Fundamental Research:

  • Attractive Valuations
  • Dominant Company Characteristics
  • Catalysts for Price and EPS Appreciation
  • Superior Dividend Policies
  • Stable Macroeconomic and Geopolitical Environment

Portfolio Construction:

  • Approximately 35-45 holdings
  • No more than 30% in any one sector at cost
  • No more than 15% in any one industry at cost
  • No more than 5% in any one stock at cost
  • Generally, no more than 20% in any one country at cost
  • Top 10 holdings typically represent 35 – 40%
  • Approx. 90% in ADRs
  • Continual Portfolio Upgrade

Sell Discipline:

  • Price objectives reached
  • Earnings growth not realized
  • Deteriorating fundamentals
  • Tax reasons
  • Changes in dividend policy
  • Overvaluation
  • Change in Market Thesis
  • Portfolio Upgrade