Investment Strategies
The KAR Global Dividend Yield Portfolio is a global large-cap portfolio of high quality, mature companies focused on providing a high level of current income while minimizing risk and preserving capital. It is a high-conviction strategy that utilizes a bottom-up fundamental research approach to identify what we believe are the best companies at the most attractive prices within the high-quality universe.
Highlights
Asset Class: Dividend Income
Primary Index: MSCI World High Dividend Yield Index
Inception Date: May 1, 2020
Holdings Range: 25-50
Sector Constraint: Seek broad diversification, but no sector constraints
Portfolio Turnover: 25% – 45%
Company |
Percent of equity (%) |
Country |
|---|---|---|
| International Business Machines | 5.1 | United States |
| BCE | 4.3 | Canada |
| Amcor | 4.2 | Switzerland |
| AbbVie | 4.1 | United States |
| Southern Company | 4.0 | United States |
| Total | 21.7 |
This report is based on the assumptions and analysis made and believed to be reasonable by Advisor. However, no assurance can be given that Advisor’s opinions or expectations will be correct. This report is intended for informational purposes only and should be not considered a recommendation or solicitation to purchase securities. Holdings are subject to change. Holdings and weightings are based on a representative portfolio. Individual Investors’ holdings may differ slightly. Data is obtained by FactSet Research Systems and is assumed to be reliable. Numbers may not always add up due to rounding. Past performance is no guarantee of future results.
Holdings are subject to change. Holdings and weightings are based on a representative portfolio. Individual Investors’ holdings may differ slightly. The sector information represented above is based on GICS sector classifications. Data is obtained by FactSet Research Systems and is assumed to be reliable.
* “Other” is comprised of securities held in countries within the benchmark which are not held in our representative portfolio. The countries include Austria, Belgium, Brazil, Burkina Faso, Chile, China, Denmark, Hong Kong, Ireland, Israel, Jordan, Netherlands, Norway, Portugal, South Africa, Spain and Sweden.
Holdings are subject to change. Holdings and weightings are based on a representative portfolio. Individual Investors’ holdings may differ slightly. Data is obtained by FactSet Research Systems and is assumed to be reliable.
KAR Global |
MSCI® World High |
|
|---|---|---|
| Quality | ||
| Return on Equity-Past 5 Years | 19.3% | 20.0% |
| Debt Coverage | 4.6x | 7.6x |
| Growth | ||
| Earnings Per Share Growth-Past 5 Years | 6.2% | 14.2% |
| Dividend Per Share Growth-Past 5 Years | 4.3% | 8.3% |
| Value | ||
| Dividend Yield | 4.8% | 3.8% |
| Market Characteristics | ||
| Dividend Payout Ratio-5 Year Average | 70.5% | 60.5% |
| $ Weighted Average Market Cap | $66.6 B | $152.5 B |
| Largest Market Cap | $263.0 B | $470.7 B |
*Free cash flow data is as of [prior quarter end date]. Prices are as of [quarter end date]. Excludes financials.
This material is deemed supplemental and complements the performance and disclosure at the end of the Disclosure page of the KAR Global Dividend Yield fact sheet. Data is obtained from FactSet Research Systems and BNY Mellon and is assumed to be reliable. Other principal consultant firms may use different algorithms to calculate selected statistics. Estimates are based on certain assumptions and historical information. Past performance is no guarantee of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.
Annualized Returns (%)†
As of September 30, 2023Annual Returns (%)
KAR Global
Dividend Yield
(gross)
KAR Global
Dividend Yield
(net)‡
MSCI® World
High Dividend
Yield Index
*January 1, 2012
†All periods less than one year are total returns and are not annualized. Returns are final.
‡Net of all fees and expenses. Assumes a 0.70% annual fee. Fees presented on the Disclosure page of the KAR Global Dividend Yield fact sheet could vary from the assumed fee in the net-of-fee calculation, as actual fees paid by a particular client account differ depending on a variety of factors including, but not limited to, business unit and size of mandate. The fee used on the Disclosure page of the KAR Global Dividend Yield fact sheet utilizes an assumed maximum fee across the firm’s business units, which is further detailed on that page.
This material is deemed supplemental and complements the performance and disclosure on the Disclosure page of the KAR Global Dividend Yield fact sheet. Returns of the Kayne Anderson Rudnick composite are final. For further details on the composite, please see the Disclosure page of the KAR Global Dividend Yield fact sheet. Data is obtained from FactSet Research Systems and is assumed to be reliable. Past performance is no guarantee of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.
KAR Global |
KAR Global |
MSCI® World High |
|
|---|---|---|---|
| Annualized Standard Deviation | 14.72 | 14.72 | 14.24 |
| Alpha | (0.78) | (1.47) | 0.00 |
| Beta | 0.98 | 0.98 | 1.00 |
| Sharpe Ratio | 0.17 | 0.12 | 0.24 |
| R-Squared | 90.40 | 90.40 | 100.00 |
*January 1, 2012
This material is deemed supplemental and complements the performance and disclosure on the Disclosure page of the KAR Global Dividend Yield fact sheet. Returns of the Kayne Anderson Rudnick composite are final. For further details on the composite, please see the Disclosure page of the KAR Global Dividend Yield fact sheet. Past performance is no guarantee of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.