The US Mid Cap Income Opportunities strategy seeks companies with the potential to grow both market cap and dividends over time, focusing on resilient mid-cap dividend payers with sound capital structures. It is a focused, equally weighted portfolio where every holding matters.
Total return, three ways
Current income, rising dividends, and capital appreciation work together to deliver total return across market cycles
Equal-weight conviction
High-conviction portfolio of 35-50 holdings, equal-weighted and rebalanced quarterly to systematically capture compounding
Mid-cap sweet spot
Large enough for established franchises and dividend capacity, small enough for meaningful growth
Quality dividend growers may be overlooked as markets undervalue businesses combining meaningful yield and moderate growth, creating persistent opportunity.
Not all dividends are equal – high yield with low payout and dividend growth systematically outperform. Yield cushions downside, low payouts enable dividend growth and capital appreciation.
Mid-caps are the sweet spot of the economy – large enough for durable franchises with pricing power, small enough for meaningful growth and market inefficiency.
Screen for income first, then evaluate business quality, dividend growth, and low payout ratios for total return while avoiding yield traps.
Equal-weight discipline across 35-50 holdings enforces what emotions won’t. Rebalancing quarterly enforces systematic sell strength/buy weakness while maintaining conviction.
Bottom-up selection drives construction with sector weights driven by stock opportunities rather than top-down allocation, allowing long holding periods.
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Risk Disclosures
Investing involves risk, including the possible loss of principal.
A fund or strategy that holds a limited number of securities may be more sensitive to the price fluctuations of a single security in its portfolio and may be more volatile than a fund or strategy that holds a greater number of securities.
Investments in small and/or mid-cap companies may be more volatile than those of larger companies.
Investing in the real estate industry includes risks such as declines in real estate value, lack of availability of mortgage funds, overbuilding, extended vacancies, increases in property taxes, changes in zoning laws, costs from clean-up of environmental problems, uninsured damages, variations in rents, and changes in interest rates. The value of an investment in a real estate investment trust (REIT) may be adversely affected by various factors, including interest rate changes, changes in property values, changes in dividend payments, loss of the REIT's ability to qualify for pass-through tax treatment under federal tax laws, or the REIT's failure to maintain its exemption from registration as an investment company.
High portfolio turnover rates may increase transaction costs and lower returns.
Diversification may not protect against market risk.
Market risk is the risk that all or a majority of the securities in a certain market — like the stock market or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.
Government and regulatory risk is the risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.
Growth stocks reflect projections of future earnings and revenue. These prices may rise or fall dramatically depending on whether those projections are met. These companies’ stock prices may be more volatile, particularly over the short term.
Active management and selection risk is the risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.
Liquidity risk is the possibility that securities cannot be readily sold within seven calendar days at approximately the price at which a portfolio has valued them. To the extent that a portfolio holds fixed income securities in smaller “odd lot” sizes, such positions may be less liquid and harder to sell. Odd lots may trade at lower prices than institutional round lot sizes, which may affect a portfolio’s ability to accurately value its investments.
Equity securities are subject to price fluctuation and possible loss of principal.
Issuers in the information technology sector may be impacted by intense competition; dramatic and often unpredictable changes in growth rates and competition for qualified personnel; effects on profitability from being heavily dependent on patent and intellectual property rights and the loss or impairment of those rights; obsolescence of existing technology; general economic conditions; and government regulation.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
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Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.
Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.
The fund or strategy is subject to liquidity risk, which is the risk that the fund or strategy’s investments cannot be readily sold within seven calendar days at approximately the price at which the fund or strategy has valued them.