Dividend Growth

Strategies

Our SMA strategies are designed to capture growth based on earnings quality, proven competitive advantages, and reasonable valuation. We consider these factors to be the underpinnings of success—the kind of success that is unlikely to disappear overnight.

Oak Ridge Dividend Growth

Our Dividend Growth strategy is designed to outperform the S&P 500 Index over each full market cycle and achieve a higher dividend yield than the benchmark. It focuses on high-quality stocks paying above-average dividend yields, as a portfolio, with market capitalizations greater than $5 billion at the time of initial selection. Our privately managed accounts stay fully invested and typically hold 20-33 stocks.

Performance

Yearly Returns Composite—as of March 31, 2017*

2017 YTD 2016 2015 2014 2013 2012 2011 2010***
Return “Pure” Gross** of Fees (%) 5.30 11.79 0.01 11.96 32.24 9.85 5.60 5.78
Return Net of Fees (%) 5.14 11.12 -0.58 11.34 31.50 9.23 5.21 5.78
S&P 500(%) 6.07 11.96 1.38 13.69 32.39 16.00 2.11 6.70

Period Returns Composite—as of March 31, 2017*

Quarter 1 Year 3 Year 5 Year Since Inception^
Return “Pure” Gross** of Fees (%) 5.30 16.64 9.55 11.89 12.59
Return Net of Fees (%) 5.14 15.94 8.91 11.24 11.99
S&P 500 (%) 6.07 17.17 10.37 13.30 13.79

Summary

Top 10 Holdings (%)
As of March 31, 2017*

Apple 6.8 Procter & Gamble 4.0
JPMorgan Chase 5.4 CME Group 4.0
BlackRock 4.4 Time Warner 3.7
UnitedHealth 4.2 Intel 3.7
PepsiCo 4.1 Boeing 3.6
Total 43.8%

Characteristics
As of March 31, 2017*

Oak Ridge S&P 500
Median Market Cap $111.5 B $20.3 B
Wtd Avg. Market Cap $186.2 B $166.1 B
Average Dividend Yield 2.5% 2.0%
5-yr Trailing EPS Growth 4.6% 7.0%
P/E (12-Mo. Forward) 17.6 18.2
Trailing 1-Year Turnover 18% N/A

Sector Weightings

Oak Ridge Dividend Growth

S&P 500

*Click for Dividend Growth Disclosure
** The “pure” gross of fees performance results reflect the asset-weighted performance of accounts (including cash reserves) managed for the period and do not reflect the deduction of any wrap fees or fees in lieu of commissions on wrap-fee accounts or any advisory fees on the accounts, but do reflect the deduction of trading commissions for separately managed accounts. “Pure” gross of fees returns are supplemental to net returns.
*** Partial Period (11/01/10 – 12/31/01)
^ Inception 11/1/2010
Sector Weightings and Fundamental Characteristics Source: The Bank of New York Mellon Corp. (S&P GICS classification)

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