Wood Asset

Large Cap Value Strategy


A time-tested, conservative strategy for long-term capital appreciation from high-quality value stocks

The Large Cap Value Strategy maintains a true focus on large-cap value. This portfolio consists of large-cap stocks that provide meaningful exposures to all sectors. We seek competitive returns, reduced volatility and a measure of downside protection.

Strategy:
We seek to generate consistent, competitive results relative to the Russell 1000 Value Index, but with lower levels of volatility.
We perform a top-down macro and sector assessment to identify opportunities on the basis of relevant cycles and trends.
We complete a comprehensive examination of balance sheets and a review of company fundamentals.
We identify undervalued companies using fundamental and qualitative criteria that reveal high-quality stocks with strong balance sheets, good prospects for revenue and earnings growth, strong management teams and growing cash dividends.
We constantly evaluate upside potential and downside risk.

Sell Discipline:
We establish and maintain sell-price targets for each individual security.
We act when we observe loss of management focus or when the inability to execute a business plan is demonstrated.
We trim over-weighted positions.
We remain vigilant toward more attractive opportunities.


Dividend Performers Strategy


Strategy:

We employ a total-return strategy focused on dividend-paying common stocks which are expected to grow their dividend over time. Our objective is to provide the following:

Levels of current income which exceed the average yield of the S&P 500growth rates greater than the long-term average of the S&P 500 levels of volatility below that of the S&P 500

We emphasize companies with a strong history of paying a dividend, supported by strong cashflow profiles and balance sheets, which in turn leads to the potential for future dividend growth. We believe that this history is a good indication of management’s longer term expectations and focus on shareholder interest.

The Dividend Performers product is managed by Boyd Watterson, a subsidiary of Titanium Asset Management.


Titanium Municipal Balanced Strategy


The Titanium Municipal Balanced Strategy combines two established Titanium Asset Management investment disciplines (equity and fixed income) in an asset allocation approach that enables clients to have a target 50% exposure to the equity markets and 50% exposure to the historically less volatile fixed income markets. Actual distribution may change due to market fluctuations.

Strategy:

Equity: Our top down macro analysis identifies investment opportunities on the basis of relevant cycles and trends, which drives our strategic sector weightings. We then employ fundamental and quantitative criteria to identify undervalued companies. These are typically high quality, temporarily out of favor companies with strong balance sheets, good revenue and earnings growth prospects, attractive and growing cash dividends, and strong management teams.

Fixed: Serves to mitigate overall levels of portfolio volatility. A typical fixed income allocation will have high levels of current income, maintain high credit quality profiles and provide ample liquidity, coupled with tightly controlled risk profiles. The structure and composition of the portfolio will be determined by our duration management and sector allocations decisions, respectively. These key decisions will be driven by a disciplined three step process focusing on fundamentals, momentum and valuations in the marketplace. Portfolios will be composed of high quality municipal securities within the three highest rating categories (A, AA, AAA). These portfolios can be tailored to state specific or national securities.