Investment Strategy
A U.S. focused, contrarian value strategy that strives to generate long-term growth of capital through superior, risk-adjusted returns over full market cycles. The strategy is concentrated and typically holds 25 – 35 companies with (i) an investment grade debt rating, (ii) a history of paying common stock dividends, and (iii) market capitalization among the top 1,000 companies in the United States. The investment team evaluates investment opportunities using bottom-up, fundamental analysis, paying particular attention to the following factors:
- Expected future profits
- Expected sustainable revenue and/or asset growth
- Expected cash investment needed to support expected growth
- Normalized free cash flow after considering the items above
- Valuation relative to normalized earnings and free cash flow after giving consideration to growth potential and financial strength
View Fact Sheet
Latest quarterly fact sheet showing Holdings, Characteristics and Performance.
Investment Team
J. Dale Harvey
Portfolio Manager
Derek Derman
Portfolio Manager | CFA
Interested in the Contrarian Value Equity Strategy?
Reach out to Drew Taylor to discuss how this strategy fits your risk and return
objectives.
