Quality 250™
High quality and growth from a mix of stable large-cap companies and mid-cap and small-cap companies with strong growth prospects.
Overview
The Quality 250™ is a fundamentally weighted, 250-stock portfolio, constructed from a diverse group of A-rated, dividend-paying companies.
Investment philosophy
The Quality 250 seeks to take advantage of the following key tenets of Haverford’s investment philosophy:
- High-quality companies provide superior risk-adjusted returns.
- Dividend-paying companies provide superior risk-adjusted returns.
- Systematic rebalancing of portfolios based on fundamental factors may enhance returns.
Investment process
Portfolio Characteristics*
| Haverford | S&P 500 | |
| Financial Strength | A+ | B++ |
| Earnings Predictability | 77.0 | 64.0 |
| Average Market Cap ($Billion) | 112.0 | 113.0 |
| Return on Equity | 24.5% | 26.8% |
| Projected EPS Growth (5 Years) | 8.5% | 8.0% |
| Historical EPS Growth (5 Years) | 6.4% | 1.8% |
| Historical Dividend Growth (5 Years) | 8.4% | 1.7% |
| Dividend Yield | 3.2% | 2.0% |
| Price to 2012 Earnings | 13.6 | 13.6 |
| Projected Growth Rate + Dividend Yield | 11.6% | 10.0% |
Sector Allocation*
| Haverford | S&P 500 | |
| Consumer Discretion | 7.2% | 10.7% |
| Consumer Staples | 16.2 | 11.5 |
| Energy | 10.6 | 12.3 |
| Financials | 10.2 | 13.4 |
| Health Care | 14.9 | 11.9 |
| Industrials | 12.6 | 10.7 |
| Information Tech. | 11.7 | 19.0 |
| Materials | 3.1 | 3.5 |
| Telecommunication | 7.4 | 3.2 |
| Utilities | 6.0 | 3.9 |
Top-Ten Holdings*
| Exxon Mobil Corp. |
| AT&T |
| Chevron Corp. |
| Verizon Communications Inc. |
| Pfizer Inc. |
| Johnson & Johnson |
| General Electric Co. |
| Proctor & Gamble Co. |
| Microsoft Corp. |
| Merck & Co. |
Notes:
* Based on recommended portfolio weights. Portfolio Characteristics, Sector Allocation and Holdings are subject to change at any time based on market or other conditions.
The S&P 500 is for comparative purposes only. The S&P 500 is a capitalization-weighted indexes, calculated on a total return basis with dividends reinvested. The S&P 500 is an unmanaged index with no expenses, which covers 500 industrial, utility, transportation, and financial companies of U.S. markets. It is not possible to invest directly in an index.
Disclosure:
All Data as of March 31, 2012. The information presented should not be construed as investment advice or recommendations with respect to specific securities presented and may not represent the holdings or weighting of any particular portfolio.