Our Strategies
We have developed a variety of value-based strategies beyond the original Value Equity strategy. By adding these additional parameters to the basic value investment strategy, we provide our investors the ability to participate in more specialized segments of the marketplace.
High Dividend Value Equity
Strategy Summary- High current dividend yield (target of above 3%)
- Low P/E stocks with growing earnings & growing dividends
- 30-45 undervalued large cap stocks (primarily U.S. companies)
- May selectively invest in ADRs
Benchmarks
Russell 1000® Value
S&P 500®
Portfolio Managers
James Cullen, Jennifer Chang
Enhanced Equity Income
Strategy Summary- Portfolio yield target is 7%+ generated through both dividend and covered call premium yields
- Covered calls selection written on ~25-40% of the portfolio to generate increased income
- 30-45 undervalued stocks (primarily U.S. companies)
Benchmark
S&P 500® Buywrite Index (BXM)
Portfolio Managers
James Cullen, Jennifer Chang, Tim Cordle, Mike Kelly, Michael Gallant
ESG Value Equity
Strategy Summary- Concentrated portfolio of 25 – 40 primarily large cap stocks focusing on integrating Environmental, Social and Governance factors
- Disciplined Value Approach
- ESG screening to exclude companies with controversial models and practices
- Portfolio companies maintain strong governance structure and competitive positioning
Benchmark
Russell 1000® Value
Portfolio Managers
James Cullen, Jennifer Chang, Anuca Laudat
Small Cap Value Equity
Strategy Summary- 30-45 undervalued small cap stocks (primarily U.S companies)
- Low P/E and earnings growth potential
- May invest in ADRs
Benchmark
Russell 2000® Value
Portfolio Managers
James Cullen, Brooks Cullen, Brian Drubetsky
Value Equity
Strategy Summary- 30-45 undervalued stocks (primarily U.S. companies)
- Low P/E and earnings growth potential
- May invest in ADRs
Benchmarks
S&P 500®
Russell 1000® Value
Portfolio Managers
James Cullen, Jennifer Chang, Brooks Cullen
Global High Dividend ADR
Strategy Summary- 30-45 undervalued global large cap stocks
- Low P/E with growing earnings & dividends
- High current dividend yield (target of above 4%)
Global Enhanced Equity Income
Strategy Summary- 40-50 undervalued global large-cap stocks
- Select covered calls written on generally 25-40% of the portfolio to generate increased income
- Portfolio yield target is 8%+ (net) generated through 4% dividend yield and 4%+ call premium yield
Benchmark
MSCI World
Portfolio Managers
James Cullen, Pravir Singh, Tim Cordle, Michael Gallant
Water Impact
Strategy Summary- Concentrated portfolio consisting of 20-30 stocks focused on: the water scarcity crisis; improving water quality; and global water supply
- Pure-Play Investments in Water
- Disciplined Value Approach
- Global Portfolio with low turnover
Benchmark
S&P Global Water Index
Portfolio Managers
Matthew Diserio
International High Dividend ADR
Strategy Summary- High current dividend yield
- Low P/E stocks with growing earnings and growing dividends
- Analyze for geopolitical risk and macroeconomic forecasts
- 30-45 undervalued non-US equities with a focus on developed economies
International High Dividend ORD
Strategy Summary- 30-45 undervalued non-US equities with a focus on developed economies
- Growing earnings & dividends
- High current dividend yield (target of above 4.5%)
Benchmark
MSCI EAFE
Portfolio Managers
James Cullen, Rahul Sharma, Pravir Singh
Emerging Markets High Dividend
Strategy Summary- High current dividend yield
- Low P/E stocks with growing earnings and growing dividends
- Analyze for geopolitical risk and macroeconomic forecasts
- 50-70 undervalued high-quality emerging market companies
Benchmark
MSCI Emerging Markets
Portfolio Managers
James Cullen, Rahul Sharma
