US Dividend GROWTH

Inception:
May 2014

7%

Trailing
Median DGR¹

GIPS
Compliant Firm²

U.S. Dividend GROWTH

Inception:
May 2014

7%

Trailing Median DGR¹

GIPS
Compliant Firm²

Incepted in May 2014, the Blue Current US Dividend Growth strategy builds on the team’s decade of global investing experience to select high quality, US-based dividend-paying companies. The primary objectives are to pay a stable and increasing dividend each quarter and deliver attractive long-term capital appreciation to investors.

The Blue Current investment team concentrates on a select portfolio of 35-45 US domiciled companies that meet our stringent qualities. We focus on companies that we believe have a history of rewarding shareholders and have the financial ability to continue to increase the dividend over time. We strive to purchase those businesses when they are trading at a discount to their true value, delivering to investors a total return solution.

HISTORICAL TOTAL RETURNS

(*annualized)

Portfolio Qualities

Std Deviation Since Inception

13.9%

Positions

36

Median Market Cap ($bn)

$112

Dividend Yield

2.2%

TR One Year Median Div Growth

6.9%

Net debt to EBITDA

1.7

Media Return on Equity

23.4%

Trailing Weighted PE

20.5

Forward Weighted EPS Growth

13.3%

Forward Weighted PE

18.1

Forward Weighted EPS Growth

10.2%

Top 10 Holdings

Weighting

RTX Corporation

4.6%

J.P. Morgan Chase & Co.

4.1%

Morgan Stanley

3.6%

Johnson & Johnson

3.5%

Targa Resources Group

3.3%

Broadcom Inc.

3.3%

Chevron Corporation

3.2%

Ventas, Inc.

3.1%

Microsoft Corporation

3.0%

Walmart Inc.

3.0%

Sector Exposure

Strategy

Russell 1000 Value Index

Difference

Consumer Discretionary

4.3%

11.3%

-7.0%

Consumer Staples​

11.3%

5.8%

5.5%

Energy

6.5%

5.8%

0.7%

Financials

20.4%

20.6%

-0.2%

Health Care

8.6%

11.8%

-3.2%

Industrials

17.9%

16.0%

1.9%

Information Technology

14.9%

14.0%

0.9%

Materials

1.7%

2.9%

-1.2%

REITS

7.8%

4.0%

3.8%

Telecommunications

0.0%

3.4%

-3.4%

Utilities

2.8%

4.6%

-1.8%

Cash

3.7%

0.0%

3.7%

SECTOR EXPOSURE Strategy Russell 1000 Index Value Difference
Consumer Discretionary 4.3% 11.3% -7.0%
Consumer
Staples
11.3% 5.8% 5.5%
Energy 6.5% 5.8% 0.7%
Financials 20.4% 20.6% -0.2%
Health Care 8.6% 11.8% -3.2%
Industrials 17.9% 16.0% 1.9%
Information Technology 14.9% 14.0% 0.9%
Materials 1.7% 2.9% -1.2%
REITS 7.8% 4.0% 3.8%
Telecommunications 0.0% 3.4% -3.4%
Utlilites 2.8% 4.6% -1.8%
Cash 3.7% 0.0% 3.7%
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Important Disclosures

¹ DGR: Dividend Growth Rate. Calculated using the median trailing 12-month dividend growth rate of the portfolio at the end of each quarter.

² GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

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