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Salient International Dividend Signal ADR Portfolio

Overview

Philosophy

The Salient International Dividend Signal ADR investment philosophy is based on the belief that by emphasizing higher-yielding stocks, the portfolio can participate in stock market advances and protect capital better than competing strategies during stock market declines.

Strategy

The Salient International Dividend Signal ADR Portfolio seeks to provide long-term capital appreciation and income by investing in dividend-paying companies located outside of the United States. The portfolio invests primarily in ADRs that regularly pay dividends.

Investments are selected based on higher-relative dividend yields, dividend growth potential and anticipated stock price appreciation. This internationally oriented portfolio is typically structured with 30 to 50 stocks diversified across seven to ten sectors. Geographically, the portfolio is diversified across eight or more countries.

Process

  1. Screen for companies with an absolute dividend yield higher than the local market or the S&P 500
  2. Identify companies with unusually high historical relative yield
  3. Qualitatively review resulting companies to identify the most attractive candidates
  4. Determine weighting based upon perceived risk and strength of the investment catalyst
Team

David L. Ruff, CFA

Managing Director & Senior Portfolio Manager
San Francisco

Randall T. Coleman, CFA

Portfolio Manager
San Francisco

Bruce R. Brewington

Portfolio Manager
San Francisco

Eric Sagmeister

Portfolio Manager
San Francisco

Paul Broughton, CFA

Portfolio Manager
San Francisco

Aaron Visse, CFA

Portfolio Manager
San Francisco

Hwee-See Teng

Investment Analyst
San Francisco

Related Resources

Separately Managed Accounts and related investment advisory services are provided by Forward Management, LLC, a federally regulated Investment Advisor.