CSC Classic Value | Strategic

• Classic balanced strategy seeking absolute returns throughout market cycles by investing across the corporate capital structure.
• Transparent process and portfolio with no leverage.
• Allcap equity universe with a global opportunity set.
  • allocation range 30% to 80%
• Opportunistic fixed income strategy:
  • bottom-up credit research.
  • limited maturity profile.
  • strategic sector and yield curve positioning.
• Less is more in regards to portfolio turnover, as experience has proven that the quality of decision-making decreases with frequency. This process also facilitates tax-efficiency. That said, mistakes are made and our concentrated research assists in identifying errors relatively early. Securities are sold when their price no longer reflects a margin of safety, or we have identified materially better values in other stocks. CIO Jeffrey Bronchick is responsible for the final portfolio decisions.