Ken Cutler developed Cutler’s Equity Income strategy in the 1960’s. Mr. Cutler was a firm believer that dividends were an important risk-management tool. He believed that dividends cannot be manipulated, and are an indicator of financial viability. Today, we remain stewards of Mr. Cutler’s investment philosophy, applying a strict dividend-based criteria for security selection.
The portfolio consists of US-domiciled large capitalization securities. We look for companies with a 10-year dividend history with no reductions. The result is a value-oriented portfolio, applying an S&P 500 benchmark. While dividends are an important criteria as a part of our process, we do not search for the highest possible portfolio yield. Instead, we aim to achieve total return and downside protection.
|# of positions||34|
|Mgmt. Team Avg. Experience||18 years|
|PORTFOLIO WEIGHTING %|
|Deere & Co.||4.53|
|The Home Depot Inc||4.45|
|Charles Schwab Corp.||4.09|
|Bristol-Myers Squibb Co||3.74|
|Republic Services Inc||3.46|
|Becton, Dickinson and Co||3.37|
We take great pride in the experience, education, and background of our team. We continue to build upon this great foundation, growing our team’s expertise and investment experience. Our strength is our diversity of thought and our ability to form consensus using these different points of view.