Investment Overview

Our investment team adheres to a traditional value approach that emphasizes high-quality, defensible franchises within a risk-aware framework.
We emphasize bottom-up, fundamental research.
Our focus is on companies we believe have strong business franchises and the potential for attractive earnings and dividend growth, yet sell at discount valuations.
We seek to limit risk and control emotion throughout the investment process.
A strict sell discipline helps to protect capital by remaining objective.
Target excess return: 400-600 basis points.
Target tracking error range: 400-800 basis points.

Portfolio Construction

25-35 stocks in the portfolio
Largest position can be up to 300 bps above the largest benchmark position
Maximum sector variance of 5% relative to Russell 1000 Value Index
Cash typically kept to less than 5% of the portfolio

Investment Team

Edward J. Perkin, CFA
Portfolio manager (Team leader)
22 years of industry experience
3 years at Eaton Vance
BA, University of California, Santa Barbara
MBA, Columbia University
John D. Crowley
Portfolio manager
19 years of industry experience
19 years at Eaton Vance
BA, MA, The Catholic University of America
MBA, Babson College

Benchmark

Russell 1000® Value Index