Equity Income
Investment Objective
A high level of current income and long-term growth of capital consistent with reasonable risk to capital.
The team seeks to combine the compounding effects of income and stock appreciation to target attractive risk-adjusted returns across cycles. The team targets the shares of durable businesses with the ability to grow shareholder dividends while trading at reasonable valuations.
For information on the mutual fund, click here.
Key Tenets of Our Approach
Income: Identify stocks with above-average dividend yield, demonstrating an ability to grow those dividends over time
Growth: Conduct fundamental, bottoms-up, research to identify companies with reinvestment opportunities to grow earnings and cash flow
Valuation: Focus on relative and absolute valuation metrics
- Domestic large cap stocks with yields at or above S&P 500 Index
- S&P 500 Index
- Russell 1000 Value Index
- Typically 40-60 holdings
- Maximum position size 5% of portfolio
- Cash positions minimal (typically <2%)
- Separately Managed Account
- Mutual Fund
The S&P 500 Index consists of 500 widely held common stocks. This unmanaged index is a total return index with dividends reinvested. The Index is unmanaged.
The Russell 1000 Value Index is an unmanaged, market value weighted index, which measures the performance of those 1,000 largest companies in the Russell 3000 Index with lower price-to-book ratios and lower forecasted growth values. The Index is unmanaged.
One cannot invest directly in an index.
This website is for informational purposes only. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.
Fact Sheet
Learn More
Commentary
Learn MoreThe S&P 500 Index consists of 500 widely held common stocks. This unmanaged index is a total return index with dividends reinvested. The Index is unmanaged.
The Russell 1000 Value Index is an unmanaged, market value weighted index, which measures the performance of those 1,000 largest companies in the Russell 3000 Index with lower price-to-book ratios and lower forecasted growth values. The Index is unmanaged.
One cannot invest directly in an index.
This website is for informational purposes only. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.
The S&P 500 Index consists of 500 widely held common stocks. This unmanaged index is a total return index with dividends reinvested. The Index is unmanaged.
The Russell 1000 Value Index is an unmanaged, market value weighted index, which measures the performance of those 1,000 largest companies in the Russell 3000 Index with lower price-to-book ratios and lower forecasted growth values. The Index is unmanaged.
One cannot invest directly in an index.
This website is for informational purposes only. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.