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 capitalization 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 June 30, 2022*
| 2022 YTD | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
| Return “Pure” Gross** of Fees (%) | -16.20 | 28.57 | 13.88 | 31.50 | 0.10 | 22.28 | 11.79 | 0.01 | 11.96 | 32.24 | 9.85 | 5.60 |
| Return Net of Fees (%) | -16.44 | 28.05 | 13.33 | 30.73 | -0.50 | 21.55 | 11.12 | -0.58 | 11.34 | 31.50 | 9.23 | 5.21 |
| S&P 500(%) | -19.96 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 | 32.39 | 16.00 | 2.11 |
Period Returns Composite—as of June 30, 2022*
| Quarter | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception^ | |
| Return “Pure” Gross** of Fees (%) | -12.20 | -6.40 | 12.94 | 12.65 | 13.24 | 12.65 |
| Return Net of Fees (%) | -12.32 | -6.90 | 10.53 | 12.34 | 12.61 | 12.05 |
| S&P 500 (%) | -16.10 | -10.62 | 10.60 | 11.31 | 12.96 | 12.70 |
Summary
Top 10 Holdings (%)
As of June 30, 2022*
| Microsoft | 8.2 | Abbvie | 4.4 |
| Eli Lilly & Co | 6.7 | Blackstone | 3.9 |
| UnitedHealth Group | 5.3 | Qualcomm | 3.8 |
| Apple | 5.2 | Enterprise Prods | 3.6 |
| Broadcom | 4.7 | AstraZeneca plc | 3.5 |
| Total | 49.2% |
Characteristics
As of June 30, 2022*
| Oak Ridge | S&P 500 | |
| Median Market Cap | $92.3B | $27.3B |
| Wtd Avg. Market Cap | $413B | $483B |
| Average Dividend Yield | 2.7% | 1.8% |
| 5-yr Trailing EPS Growth | 15.1% | 18.0% |
| P/E (12-Mo. Forward) | 16.7 | 16.8 |
| Trailing 1-Year Turnover | 8.2% | N/A |
Sector Weightings as of June 30,2022*
| Oak Ridge | S&P 500 | |
| Information Technology | 26.99% | 26.55% |
| Health Care | 18.59% | 15.21% |
| Financials | 12.78% | 10.94% |
| Consumer Discretionary | 9.86% | 10.62% |
| Industrials | 7.04% | 7.85% |
| Cash | 6.43% | 0.14% |
| Energy | 6.31% | 4.36% |
| Materials | 4.57% | 2.62% |
| Consumer Staples | 4.22% | 6.91% |
| Real Estate | 3.21% | 2.80% |
| Communication Services | – | 8.90% |
| Utilities | – | 3.09% |
*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.
^ Inception 11/1/2010
Sector Weightings and Fundamental Characteristics Source: The Bank of New York Mellon Corp. (S&P GICS classification) & Factset