International Dividend GROWTH
Inception:
April 2021
12%
Median DGR¹
GIPS
Compliant Firm²
International Dividend GROWTH
Inception:
April 2021
12%
GIPS
Compliant Firm²
The Blue Current International Dividend Growth strategy invests in a diverse portfolio (30-40 stocks) of dividend-paying securities domiciled in developed-markets that are committed to rewarding shareholders through dividend growth and share buybacks. We believe that over the long-term, dividend growth and quality investing leads to above-average compounded returns.
We select securities from the MSCI World-Ex US universe. We do not invest in emerging markets but seek to exploit those growth trends through investments in companies domiciled in developed markets. Each portfolio company will be committed to long-term dividend growth and we seek to have exposure to a variety of currencies. No country or sector will represent more than 30% of the portfolio.
We have a value-based approach that identifies businesses with industry leading fundamentals including return on capital, balance sheet quality, free cash flow generation and friendly shareholder governance policies that reward investors through the cycle. We seek to invest in these businesses when there is an identifiable catalyst capable of closing the price discount to our calculated intrinsic value.
- Concentrated with 30 to 40 companies
- Emphasis on International-developed markets
HISTORICAL TOTAL RETURNS
(*annualized)
Portfolio Qualities
Positions
29
Median Market Cap ($bn)
$101
Dividend Yield (gross)
2.6%
Dividend Coverage Ratio
2.4
Net debt to EBITDA
1.7
Trailing Weighted PE
17.6
Trailing Weighted EPS Growth
7.8%
Forward Weighted PE
16.0
Forward Weighted EPS Growth
7.0%
Top 10 Holdings
Weighting
Taiwan Semiconductor
4.3%
RELX PLC
4.0%
BNP Paribas
3.9%
Shell PLC
3.8%
UBS Group AG
3.8%
Danone
3.8%
Hitachi Ltd
3.7%
Commerzbank AG
3.7%
Allianz SE
3.7%
Coca-Cola Europacific
3.6%
Sector Exposure
Portfolio Weights
S&P Intl Dividend Aristocrats
Difference
Consumer Discretionary
5.3%
3.7%
1.6%
Consumer
Staples
16.4%
1.4%
15.0%
Energy
7.8%
4.7%
3.1%
Financials
22.8%
25.3%
-2.5%
Health Care
6.2%
6.3%
-0.1%
Industrials
16.1%
10.2%
5.9%
Information Technology
6.5%
1.2%
5.3%
Materials
2.5%
3.4%
-0.9%
REITS
0.0%
12.8%
-12.8%
Communication Services
5.3%
10.7%
-5.4%
Utilities
0.0%
20.3%
-20.3%
Cash
11.2%
0.0%
11.2%
Country Exposure
Portfolio Weights
S&P Intl Dividend Aristocrats
Difference
France
21.3%
3.3%
18.0%
Germany
13.4%
2.6%
10.8%
United Kingdom
24.1%
5.7%
18.4%
Japan
10.7%
12.2%
-1.5%
Switzerland
12.7%
7.9%
4.8%
Hong Kong, China
0.0%
19.9%
-19.9%
Other
17.8%
68.3%
-50.5%
| SECTOR EXPOSURE | Portfolio Weights | S&P Intl Dividend Aristocrats | Difference |
|---|---|---|---|
| Consumer Discretionary | 5.3% | 3.7% | 1.6% |
|
Consumer Staples |
16.4% | 1.4% | 15.0% |
| Energy | 7.8% | 4.7% | 3.1% |
| Financials | 22.8% | 25.3% | -2.5% |
| Health Care | 6.2% | 6.3% | -0.1% |
| Industrials | 16.1% | 10.2% | 5.9% |
| Information Technology | 6.5% | 1.2% | 5.3% |
| Materials | 2.5% | 3.4% | -0.9% |
| REITS | 0.0% | 12.8% | -12.8% |
| Communication Services | 5.3% | 10.7% | -5.4% |
| Utlilites | 0.0% | 20.3% | -20.3% |
| Cash | 11.2% | 0.0% | 11.2% |
| COUNTRY EXPOSURE | Portfolio Weights | S&P Intl Dividend Aristocrats | Difference |
|---|---|---|---|
| France | 21.3% | 3.3% | 18.0% |
| Germany | 13.4% | 2.6% | 10.8% |
|
United Kingdom |
24.1% | 5.7% | 18.4% |
| Japan | 10.7% | 12.2% | -1.5% |
| Switzerland | 12.7% | 7.9% | 4.8% |
|
Hong Kong, China |
0.0% | 19.9% | -19.9% |
| Other | 17.8% | 68.3% | -50.5% |
