Our portfolio emphasizes companies that offer above average yield, historic growth in dividends, and a demonstrated ability to meet these commitments over time.

• Diversification strategy emphasizes income potential over growth
• Yield targeted at 50% to 125% above the yield of the S&P 500
• Large well-known companies
• Likely to be defensive in down markets
• Designed to experience low turnover

• Proprietary qualitative analysis ranks companies on current yield, future yield adjusted for historical dividend growth, and financial ability to increase dividends.
• Key comparative factors include a company's historical operating cash flow after capital spending, forward-looking expense estimates, and payment of preferred dividends.
• Consideration given to other criteria such as potential liabilities (i.e. legal expense, pension status), management strength, quality of business, anticipated competitive advantage, and the potential to benefit from secular trends.
• Leverages the Equity Income Strategy through common universe of high quality, financially strong companies as well as stock selection employed for the Core Model Portfolio for companies that meet the requirements of the Equity Income Portfolio.