Dividend Equity Strategy

This strategy seeks maximum capital appreciation by investing in dividend paying individual securities with the majority of the portfolio. Companies are identified based on a combination of fundamental factors and technical indicators. Screening is performed on an ongoing basis with no set timeframe for changing constituents. Cash is held as a hedge against market volatility with no specific constraint on the relative level of the hedge at any point in time. The result is a portfolio that can potentially provide attractive risk-adjusted returns over multiple market cycles.