Our Unique Approach to Value Investing

First Fiduciary’s unique, time-tested investment process is instrumental in delivering superior risk-adjusted performance.

• 1. Defining the investment universe
• We select most of our investments from a universe of well-established, dividend-paying, large-capitalization companies.

• 2. Selecting stocks
• We use a disciplined analytical approach in selecting stocks for the portfolio from the basic universe, applying valua­tion and trading screens and conducting fundamental analysis.
• Stock selections are team-based decisions.

• 3. Constructing well-diversified portfolios
• Portfolios are diversified in terms of stocks and sectors.
• Equity portfolios typically hold between 30-40 positions.

• 4. Monitoring portfolios
• We continually evaluate our target price over time—both at the company level and relative to the market—and our sell discipline helps us identify when to begin trimming or exiting a position.