Riverbridge Growth and Income

Performance

(as of 12/31/2022)

As of 12/31/2022 QTDYTD1 Year3 Year5 Year10 YearInceptionFact SheetCommentary
Riverbridge Growth and IncomeGross8.01%-12.77%-12.77%8.83%10.38%12.74%10.17%
Net7.80%-13.45%-13.45%8.00%9.52%11.83%9.23%
S&P 500®7.56%-18.11%-18.11%7.66%9.42%12.56%9.80%
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 12/31/2022)

Inception Year2002
Number of Holdings31
Wgt. Avg. Market Cap$287.5 billion
5-Year Turnover5.00%
Investment VehiclesSeparate Account
Top 10 Holdings

(as of 12/31/2022)

Microsoft Corporation9.19%
UnitedHealth Group Incorporated7.64%
Linde plc5.25%
Fastenal Company5.07%
Analog Devices, Inc.4.81%
Ritchie Bros. Auctioneers Incorporated4.69%
Equifax Inc.3.84%
TJX Companies Inc3.80%
PepsiCo, Inc.3.58%
Dollar General Corporation3.57%
TOTAL51.44%

Questions?

Contact us

Our Investment Team

Our investment team is in this to steward your growth.

David Choe's headshot

David Choe, CFA

Portfolio Manager, Equity Investments
Julian Dehn's headshot

Julian Dehn, CFA

Portfolio Manager, Equity Investments
Ross Johnson's headshot

Ross Johnson, CFA

Management, Chief Investment Officer, Equity Investments
Adam McGrane's headshot

Adam McGrane, CFA

Portfolio Manager, Equity Investments
Emily Soltvedt's headshot

Emily Soltvedt

Management, Portfolio Manager, Equity Investments
Meet our Team