Conservative Allocation Value Investment Strategy

Investment Strategy:

This strategy normally invests between 20% and 40% of portfolio assets in equity securities with the remainder in fixed-income securities or cash equivalents.
The equity portion of this strategy is primarily invested in the same securities as those found in the CM Value I (All-Cap Value) strategy.
The equities in this strategy are not constrained by market size or capitalization. Therefore, a significant portion of portfolio assets may be invested in micro-, small-, medium-, or large-cap companies with one market capitalization being more heavily weighted over the other at any given time.
The fixed-income portion of this strategy is primarily invested in high- and medium-grade U.S. corporate and government bonds.
The strategy will maintain maximum flexibility with the maturity structure for the fixed-income securities within the portfolio.
This strategy may hold high levels of cash and cash equivalents for extended periods of time if the portfolio manager believes cash and cash equivalents represent a greater or equal value relative to alternative investments.
While this strategy will typically invest in common stocks, as well as government and corporate fixed-income securities, it may also invest in other security types which may include, but are not limited to, convertible stocks, convertible bonds, municipal bonds, mutual funds, and exchange-traded funds (“ETFs”).

Our Commitment

It is one of our core beliefs that as the advisor, we invest our own money in the same investments as our private clients and mutual fund shareholders. Therefore, our officers, employees, and their families have a substantial amount, if not all, of their investments in one or more of the private account and mutual fund strategies that we manage.

Footnotes and Disclosures

A full description of strategies, composites and investment advisory fees are supplied in our Form ADV Part 2A.

Past performance of markets, strategies, composites, or any individual securities is no guarantee of future results. The performance of accounts in any Century Management composite may be materially different from account to account and from the composite itself. Differences that may affect investment performance include but are not limited to cash flows, inception dates, historical prices, asset size, market conditions, portfolio holdings, and fees. Positions within a composite may not be the same from one account to the next. Individual securities within a composite may be traded at different times as well as receive different execution prices. In addition, accounts within a composite may be pursuing similar investment strategies, but may have different investment restrictions.

Investment in Century Management composites are subject to investment risks, including, without limitation, market risk, interest rate risk, management style risk, business risk, regional risk, sector risk, small cap risk, low-rated securities risk, liquidity risk, maturity risk, mortgage risk, extension risk, and other risks related to equity and fixed income securities.

It should not be assumed that any of the holdings, sectors, recommendations, or characteristics discussed on this website will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable. Century Management reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.