Product Facts

We are a Large Cap Core Equity Manager whose style is characterized as having a bias toward high quality companies. 

In our investment process, we focus on companies that combine attractive valuation and improving fundamentals. These are firms that we feel possess leading positions in their respective industries, great management teams, strong balance sheets and high barriers to competition. We look for companies with a proven record of executing their business plan and delivering attractive returns on investment. Once we identify those great businesses and companies, a key element is to determine what we consider a fair price to pay for a portion, or share, of the company. We then carefully construct portfolios, reviewing our sector, industry and security exposure.

The firm’s emphasis on extensive internal research and on-site company management visits helps to set it apart. We believe that this emphasis on in-depth fundamental research not only is crucial for identifying superior investments, but also provides the potential for capital appreciation while seeking to identify risk. 

Given our size, we are able to manage each client relationship separately. With our team approach to portfolio management and client service, each client has a primary as well as a secondary contact.

Product Facts

Numerous studies show that over time, dividends contribute significantly to the market’s total return. A growing dividend can also be a signal of financial strength and helps instill capital discipline in corporations. Dividends in general fell out of favor with the stock market gains of the 1990’s as investors focused on capital gains and company managements focused on internal investment projects.

With dividend payments now taxed at a maximum rate of 15%, they become an increasingly attractive way for investors to receive income. Company managements are more willing to declare and distribute dividend income as they begin to refocus on “total return” to shareholders.

Our goal with this product is to build a portfolio with what we feel are high quality companies that have a history of paying and growing a dividend. The portfolio will be constructed from the bottom up using the same rigorous fundamental valuation tools that we use in our existing investment process. We expect this portfolio to have lower volatility than a lower-yielding equity portfolio, but one should not expect it to have comparable volatility to a fixed-income portfolio.

Back to Top

Parent Company
Waddell & Reed

The services described in this website are sold only in the United States. Nothing in this website should be considered a solicitation to buy or an offer to sell such services in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Austin, Calvert & Flavin, Inc. offer separate account management for a $1 million minimum. For more complete information, please contact your Austin, Calvert & Flavin, Inc. financial advisor, by calling 1-877-353-0500.                              © Austin, Calvert & Flavin, Inc. 1981-2008. All Rights Reserved.