ABOUT THIS PORTFOLIO
As defensive value specialists, we look to invest in high-quality companies with strong management teams, stable balance sheets and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down market capture.
WHY INVEST IN THIS PORTFOLIO
Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.
The portfolio typically holds between 40 to 60 stocks with business fundamentals considered more important than fluctuations in the wider economy.
Different Than the Benchmark
The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.