High Quality Dividend Appreciation Strategy

High Quality

(as of June 30, 2021)

  High Quality Dividend Appreciation S&P 500 Index
Return on Invested Capital 16% 12%
Debt to EBITDA 1.0x 1.6x

Source: BFM Estimates, Capital IQ, Bloomberg, Results are median weighted
Our portfolios have higher returns and lower leverage than the index.

High Conviction

(as of June 30, 2021)

  High Quality Dividend
Appreciation
S&P 500

Index

Morningstar
Category Average1
Top ten holdings as a % of total 57% 28% 35%

Source: Morningstar, Results are median weighted
1US Dividend Appreciation Large Blend category
Active Share
80%

Low Turnover

(as of June 30, 2021)

  BFM High Quality Dividend Appreciation Morningstar Category Average
Turnover 12% 58%

Source: Morningstar, Results are median weighted
Together with our clients, we have a long-term mindset.

Low-Risk

(as of June 30, 2021)
Cumulative Performance in Up & Down Markets (June 30, 2016 - June 30, 2021)

Up Market

Upside Capture: 82%

Down Market

Downside Capture: 82%

Annualized 5 Years

Annualized Alpha: -0.1%
BFM High Quality Dividend Appreciation
S&P 500 Index

Up-Down Market measure composite performance (net of fee) relative to index during periods when index has risen/fallen.
Source: Morning Star, BFM Estimates

We place emphasis on limiting the downside relative to our benchmark.


Factsheet
High Quality Dividend Appreciation Strategy
June 30, 2021

Download


Pitchbook
High Quality Dividend Appreciation Strategy
June 30, 2021

Download

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy or product made reference to directly or indirectly by BFM in its website, or indirectly via a link to an unaffiliated third-party website, will be profitable or equal past performance. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable for a client or prospective client. Investment in securities involves risks, including the risk of loss of principal.