Artifex Folios

Durable Investment Portfolios Customized to Your Goals


November 29, 2012

The AFG  LC Core or Large Cap Core Equities model, is comprised of core holdings that may or may not pay dividends.  In other words, it is not a requirement of this model that the companies pay dividends.  However, they should be stocks that we plan on holding for the long term (1-5 years or longer).  Predictability of financial performance is critical, as is longer-term growth.  The major difference between this model and the Equity Income model is primarily that we do not require a substantial dividend stream from these positions.

The inception date of this model is 10/27/2008 and it has generated a total return of 236.71% vs. the S&P 500 return of 167.15% since that date.  This model’s return for 2016 (1/1/2016-12/31/16) was 9.54% vs the S&P return of 9.54%

Model Risk Metrics as of 1/18/2017:

Beta vs. S&P 500: .95/ Average

Volatility / Absolute risk: 12.43% / Average

Dividend Yield: 1.79%

Representative Holdings:

MMM - 3M Company

AIG - American International Group

AMG - Amgen Inc

BBBY - Bed, Bath & Beyond

CABO - Cable One Inc Com

CELG - Celgene Corp

KO - Coca Cola

COST - Costco Wholesale Group

CMI - Cummins Inc Com

FB - Facebook Inc Class A

GHC - Graham Holdings Corp

HAR - Harman International

JNJ - Johnson and Johnson

KR - Kroger Co

PGR - Progressive Corp

WBA - Walgreens Boots Alliance