Riverbridge Growth and Income

Performance

(as of 09/30/2019)

 QTDYTD1 Year3 Year5 Year10 YearInceptionFactsheetCommentary
Riverbridge Growth and Income (Gross)
Riverbridge Growth and Income
1.55%17.09%8.11%13.30%11.78%12.22%10.13%
Riverbridge Growth and Income (Net)1.35%16.45%7.27%12.37%10.87%11.27%9.17%
S&P 500®1.70%20.55%4.25%13.39%10.84%13.24%9.77%
Periods greater than one year are annualized. Inception Date: 12/31/2002. The above information is supplemental to the GIPS® compliant presentation. Please refer to the GIPS Compliant Presentation and Riverbridge Disclosures.

Overview

The Growth and Income Portfolio was established in 2002. This is a diversified growth stock portfolio invested in 30-45 companies of all market capitalization sizes that are growing their dividends. Due to our long-term investment approach, turnover for the portfolio is low – averaging less than 20% annually.

Investment Philosophy

Riverbridge believes earnings power determines the value of a business, therefore we invest in high quality growth companies that possess the ability to build their earnings power at above-average rates for long periods of time. We define earnings power as companies achieving high returns on invested capital while possessing an enduring strategic advantage in their marketplace. We build portfolios by identifying and buying well-managed companies we believe can maintain consistent unit growth and strong free cash flow, allowing them to finance their growth using internally generated sources of capital.

Sector Weightings

(as of 09/30/2019)

Portfolio Facts

(as of 09/30/2019)

Inception Year2002
Number of Holdings31
Wgt. Avg. Market Cap$178.5 billion
5-Year Turnover9.5%
Investment VehiclesSeparate Account
Top 10 Holdings

(as of 09/30/2019)

Microsoft Corporation8.79%
Fastenal Company 4.77%
Analog Devices, Inc.4.47%
Ritchie Bros. Auctioneers, Inc.4.41%
UnitedHealth Group, Inc.4.27%
Linde Plc4.25%
Fiserv, Inc.3.95%
Equifax, Inc.3.79%
PepsiCo, Inc.3.71%
Starbucks Corporation3.70%
TOTAL46.10%

Questions?

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Our Investment Team

Our investment team is in this to steward your growth.

David Choe

CFA, Investments

Julian Dehn

CFA, Investments

Dana Feick

CFA, Investments

Ross Johnson

CFA, Management, Investments

Adam McGrane

CFA, Investments

Rick Moulton

CFA, Principal, Investments

Emily Soltvedt

Investments

Mark Thompson

Principal, Management, Investments
Meet our Investment Team