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 29 stocks)
  • Truly global and unconstrained – no geographic, sector or company size restrictions
  • Wholly transparent: equities and cash – no leverage, derivatives or hedging
  • Genuinely active: 97% 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
NEOPOST 6.4%
NEWMONT MINING 5.5%
M1 4.6%
TEXWINCA 4.1%
BP 4.0%
ROYAL DUTCH SHELL 3.8%
FUKUDA DENSHI 3.8%
EXXON 3.8%
STATOIL 3.6%
GLAXOSMITHKLINE 3.6%
TOTAL 43.3%