Established
management team together for over 25 years
Low
turnover which can lead directly to tax efficiency
Lower
portfolio volatility
Disciplined,
yield-driven buy and sell process
Focus
on stocks that currently have high yields portfolio structure
PORTFOLIO
CHARACTERISTICS
Above
market yield
Below
market beta
Annual
turnover below 20%
25
to 35 holdings Only S&P
500
stocks
BUY
PROCESS
Screen
for yield: stocks with yields above the market yield
Compare
to historical relative yield: stocks with historically low prices
Analyze
companies: stocks which pass intensive fundamental analysis
Diversify:
stocks which represent current sector and industry weightings
SELL
DISCIPLINE
Berkeley
strives to minimize portfolio losses and to outperform the overall
market by
practicing quantitative sell disciplines including a stop-loss
discipline. We will sell a
stock for any of the following reasons:
A stock’s yield falls at least one standard deviation
below its historic relative yield;
A stock’s yield declines to the yield of the market;
A stock’s price declines 20% from our cost relative to
the market (a stop-loss); or
A stock’s yield falls at least one standard deviation
below its historic relative yield; 