Overview

The Kennox Strategic Value Fund is a highly-differentiated, global equities portfolio of top quality, sector-leading companies available on exceptional valuations.

  • A high conviction, concentrated portfolio (currently 28 stocks)
  • Truly global and unconstrained – no geographic, sector or company size restrictions
  • Wholly transparent: equities and cash – no leverage, derivatives or hedging
  • Genuinely active: 98% Active Share
  • Low turnover (typically less than 15% per annum)
  • Attractive long-term, risk-adjusted performance, uncorrelated with index returns
  • An attractive dividend yield, paid twice a year

The Fund has the flexibility to hold up to 20% in cash which provides us with three distinct advantages: (1) it allows us to avoid markets when they are over-valued; (2) enables us to separate our buy decisions from our sell decisions; and (3) ensures that we have dry powder available when genuine value opportunities arise.

Top Ten Holdings % of Fund
NEWMONT CORP 8.0%
QUADIENT 5.1%
WESTERN UNION 4.9%
CHINA MOBILE 4.8%
EQUINOR 4.3%
BP 4.2%
MUNICH REINSURANCE 4.1%
TESCO 3.9%
ROYAL DUTCH SHELL 3.9%
GLAXOSMITHKLINE 3.9%
TOTAL 47.1%

 

Information accurate as at 31st January 2020.