Riverbridge Growth and Income

Performance

(as of 03/31/2022)

As of 3/31/2022 QTDYTD1 Year3 Year5 Year10 YearInceptionFact SheetCommentary
Riverbridge Growth and IncomeGross-6.54%-6.54%10.73%16.10%14.99%13.82%10.99%
Net-6.73%-6.73%9.88%15.22%14.08%12.89%10.04%
S&P 500®-4.60%-4.60%15.65%18.92%15.99%14.64%11.08%
Periods greater than one year are annualized. Inception Date: 12/31/2002. The above information is supplemental to the GIPS® Report. Please refer to the GIPS Report 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

Portfolio Facts

(as of 03/31/2022)

Inception Year2002
Number of Holdings30
Wgt. Avg. Market Cap$375.3 billion
5-Year Turnover8.30%
Investment VehiclesSeparate Account
Top 10 Holdings

(as of 03/31/2022)

Microsoft Corporation10.99%
UnitedHealth Group, Inc.6.84%
Fastenal Company5.92%
Linde Plc4.79%
Analog Devices, Inc.4.51%
Ritchie Bros. Auctioneers, Inc.4.45%
Equifax, Inc.4.36%
Watsco, Inc.3.63%
PepsiCo, Inc.3.09%
Rollins, Inc.3.00%
TOTAL51.56%

Questions?

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Our Investment Team

Our investment team is in this to steward your growth.

David Choe

David Choe

CFA, Equity Investments
Julian Dehn

Julian Dehn

CFA, Equity Investments
Ross Johnson

Ross Johnson

CFA, Management, Equity Investments
Adam McGrane

Adam McGrane

CFA, Equity Investments
Rick Moulton

Rick Moulton

CFA, Principal, Equity Investments
Emily Soltvedt

Emily Soltvedt

Management, Equity Investments
Mark Thompson

Mark Thompson

Principal, Management, Equity Investments
Meet our Team