Investment Strategy

Logix is unique among equity managers focused on dividend yield.  The strategy utilizes historical absolute and relative yield thresholds by industry as a means to evaluate the potential for capital appreciation.  The benefit to the portfolio is attractive industry entry points and a relatively high level of current income.

Logix employs a disciplined strategy of buying dividend-yielding industries when the price of those industries is at or near the bottom of its cycle, based on historical absolute and relative dividend data.  Logix employs a disciplined strategy of selling appreciated industries when the price of those industries is towards, but not at the top of its cycle (approaching Logix measure of fair value), based on historical absolute and relative dividend data.

  Logix Executive Summary

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DIFFERENTIATING LOGIX

• Industry Buy/Sell discipline based on proprietary valuation model

• Dividend yield valuation: Objective measure of value through money paid to shareholders

• Performance through realized capital appreciation and dividend cash flow; historically low beta

Logix began managing money for clients in March, 2002 and since inception has employed a single, focused investment discipline.

Logix is a unique dividend strategy that uses yield as an effective, objective valuation metric in making buy, sell, and hold decisions over an industry market cycle.

Logix is available to investors on a separately managed account platform or as a mutual fund utilizing the identical strategy.