Johnson Equity Income Strategy 

Quality is the foundation of the Johnson approach.  We seek to protect and enhance our clients’ capital by investing in companies with durable competitive advantages and responsible management teams. The Johnson Equity Income strategy consists of quality large stocks with attractive valuations and shareholder friendly capital allocation models. The portfolio is constructed via a fundamental bottom-up approach to research and security selection.

Decoration

The Johnson Equity Income strategy seeks to outperform the S&P 500 over a full market cycle with a disciplined quality framework that provides investors with long-term capital growth, above average shareholder yield and reduced volatility through downside protection.

We believe that the best way to build an all-weather portfolio is to invest in companies that exhibit a favorable combination of quality, valuation, and shareholder yield. Positive shareholder yield is a signal of quality and owning companies with a quality bias is the most consistent method to achieve superior risk-adjusted long-term capital appreciation.

We focus on building a diversified portfolio through a bottoms-up fundamental approach focused on quality businesses that have strong competitive advantages, a healthy and flexible balance sheet, and a track record of prudent capital management.

  • Benchmark: S&P 500
  • Domestic large cap equities with market cap over $2 billion
  • Diversified portfolio of 40-60 securities
  • Deliver shareholder yield greater than the market
  • Maintain lower volatility than the S&P 500
  • Expected annual turnover between 20 - 40%
Fact Sheet
Commentary

Performance Chart

Performance Chart
All data as of 12/31/2023.

Portfolio Sector Weightings

Portfolio Sector Weightings
All data as of 12/31/2023.

Top 10 Holdings

Top 10 Holdings
Source: All data as of 12/31/2023. Source: Table Source: Model holdings are subject to change. There is no assurance that any of the securities shown still remain in the portfolio at the time you received this fact sheet. Actual holdings and percentage allocation in individual client portfolios may vary and are subject to change. The Top Ten Holdings, as well as the other data presented, are as of the period indicated, and should not be considered a recommendation to purchase, hold, or sell any particular security. It should not be assumed that any of the Top Ten Holdings were or will be profitable going forward.