Logan Value (LV) identifies large-cap stocks with strong fundamentals that have relatively high dividend yields and are undervalued relative to peers. The portfolio maintains a dividend yield relatively higher than the yield on the Russell 1000 Value index [1] , and the portfolio’s defensive characteristics help preserve wealth in times of market stress.

Past performance does not guarantee future results.

Investment Style

A value-oriented diversified [1] portfolio of 35-45 large cap financially strong companies

Employs a disciplined, proprietary screening process to identify large companies (minimum >$20B at purchase) with relatively attractive valuation metrics, consistent cash flows, and robust balance sheets

Dividend yield is the primary, but not exclusive, valuation tool

Performance Highlights

Solid downside protection from balance sheet strength and high dividend yield help support stock price

Outperforms primary benchmark (Russell 1000 Value) gross of fees on 1, 3, 5, and 10 year basis as of 6/30/2020

Low annual turnover and high active share at 76%

Indices are unmanaged and investors cannot invest directly in an index. Unless otherwise noted, performance of indices do not account for any fees, commissions or other expenses that would be incurred. Returns do not include reinvested dividends.

[1] The Russell 1000 Value Index measures the performance of those Russell 1000® companies with lower price-to-book ratios and lower forecasted growth values.

[1] Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk.

Strategy Managers
Richard E. Buchwald, CFA® Managing Director, Portfolio Manager
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William T. Fitzpatrick, CFA® Managing Director, Portfolio Manager
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