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 27 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      8.4%
NEWCREST MINING      5.5%
CHINA MOBILE      4.6%
TESCO      4.2%
SWISSCOM      4.1%
EQUINOR      4.1%
GLAXOSMITHKLINE      4.0%
ROYAL DUTCH SHELL      4.0%
FUKUDA DENSHI      4.0%
BP      3.8%
TOTAL 46.7%

 

Information accurate as at 30th June 2020.