PORTFOLIO STRATEGY
How We Select Holdings for Each Portfolio Tier
The screening process behind Core Equity, Growth, Balanced, High-Yield Fixed Income and Private Wealth.
KEY TAKEAWAYS
- Every tier starts from a defined risk budget.
- Liquidity screens come before valuation screens.
- Position limits are set before any holding is bought.
Start with the risk budget
Each tier carries a target volatility range agreed in advance. That budget decides how much equity exposure the tier can hold before any individual name is considered.
Liquidity first
A holding we cannot exit in a stressed week is a holding we do not size meaningfully. Average traded value screens run before valuation work, because a cheap asset you cannot sell is not an opportunity.
Valuation and quality
Surviving names are then ranked on cash generation, balance sheet strength and earnings consistency. We favour boring businesses with predictable cash flows in the defensive tiers and accept more variability in the growth tiers.
- Maximum single position weight per tier
- Sector concentration limits
- Scheduled review of every holding each quarter
This note is published for information only. It is not personal investment advice, and the value of investments can fall as well as rise.