Our Philosophy and Approach
We believe that a dynamic, global approach to portfolio construction and management is required given the growing complexity and ever-changing nature of current markets.
Our approach is firmly grounded in disciplined research, a rigorous investment process, and a deep understanding of the needs of institutional investors.
We offer a broad range of proprietary strategies across asset classes including domestic and global equities, fixed income, alternatives, and sustainable investing options.
Our Process
Rigorous Research
Our security selection is based on rigorous analysis focused on factors that we expect to drive superior long-term compounding of earnings and cash flow.
Risk Management
We manage risk using ongoing fundamental analysis and multi-factor risk modeling for thoughtful risk management.
Global Coverage
Disciplined Management
Dynamic
Composition
Investment Management Services
- Individually managed stock portfolios across asset classes
- Domestic and international
- Traditional and sustainable
- Taxable and tax-exempt
- Traditional and sustainable
Optional Services
Investing Through
Mission Alignment
With decades of experience working with institutional clients, we bring a robust platform designed to serve the needs of a diverse institutional client base, including those seeking sustainable investing solutions.
A Consultative Approach
Our approach is centered on education for committees and board members. The foundation of all engagements is clear communication of the sustainable investing landscape, its history, various approaches, and potential risks and opportunities.
- Through workshops, we connect the landscape to institutional purpose and mission to create a clear road map for sustainability integration.
- Each unique client sustainability road map is activated through our investment platform.
- Integrated sustainability information and data enable execution across internal and external investment options, across asset classes, and across active and passive approaches.
- Reporting provides a clear understanding of the balancing act between sustainability objectives, financial objectives, risk tolerance, spending requirements, liquidity needs, and costs.
- Transparency in reporting, approach classification, implementation, and outcomes builds trust in your organization and with donors.
Investment Strategies
US Core Equity
FLP Resilient Core US Equity
A core domestic equity strategy employing fundamental research focused on resilient companies that maintain the financial strength, competitive position, management quality and business practices to sustain above-average revenue and earnings growth over the long-term and whose shares appear to be undervalued in the marketplace.
- Category: US Large Cap Core
- Target 35-50 Securities
- Positions limited to greater of 5% or benchmark weight +2%
- Up to 15% international
- Up to 10% cash
- Growth, value, and quality criteria
- Large-, mid-, and small-cap opportunity set
FLP Tactical Core US Equity
A core domestic equity strategy driven by a quantitative, technical, and fundamental research. The quantitative process fuses growth and value criteria, which allows the strategy to adapt to the prevailing market regime as defined by a relative strength overlay.
- Category: US Large Cap Core
- Target 45-55 Securities
Positions limited to greater of 5% or benchmark weight +2% - Up to 15% international
- Up to 10% cash
- Growth, value, and quality criteria
- Large-, mid-, and small-cap opportunity set
- Expected turnover: 25-40%
FLP Low Carbon Core US Equity
A core domestic equity strategy employing fundamental analysis and seeking to manage investment risks related to climate change while investing in companies we believe can generate above average growth and profitability.
- Category: US Large Cap Core
- Target 40-60 Securities
- Positions limited to greater of 5% or benchmark weight +2%
- Up to 15% international
- Up to 10% cash
- No traditional energy exposure
- Excludes top toxic and carbon emitters, top fossil fuel reserve holders, coal fired electric utilities
- Targeted weighted average CO2 intensity less than benchmark
FLP Focused Core US Equity
A concentrated domestic equity strategy that holds between 30-45 individual equity positions. The strategy uses a growth-at-a-reasonable-price (GARP) methodology and seeks to invest in companies that exhibit higher growth potential while being reasonably valued and possessing high quality metrics.
- Category: US Large Cap Core
- Target 30-45 Securities
- Positions limited to greater of 6% or benchmark weight +2%
- Up to 15% international
- Up to 10% cash
- Growth, value, and quality criteria
- Large-, mid-, and small-cap opportunity set
- Expected turnover: 25-50%
International Core Equity
FLP Core International ADR
A core international equity strategy that aims to deliver appealing returns with strong downside protection by identifying attractively valued high-quality companies with incremental quality improvements.
- Category: International Core
- Positions limited to 5%
- Country & sector weights limited to greater of 20% or 1.5x benchmark
- 100% International; Large-,mid-cap opportunity set
- Up to 5% cash
- Growth, value, and quality criteria
- Expected turnover: 40%-50%
US Growth
FLP Growth US Equity
A concentrated domestic equity strategy focused on companies with unusually high and durable revenue growth and potential for improving profitability.
- Category: US Large Cap Growth
- Positions limited to 12%
- Up to 10% cash
Equity Income
FLP Global Equity Income
A core global equity strategy that seeks high current income, growth of income, and capital appreciation. Emphasis is given to high-quality companies with strong and stable cash flows, consistent dividend policies, and brand recognition.
- Category: Global Value
- Target 40-60 Securities
- Positions limited to 5%
- Up to 30% International
- Up to 10% cash
- Large-, mid-, and small-cap opportunity set
- Expected turnover: 20-30%
Thematic Sustainable
FLP Focused Environmental Opportunities
A concentrated global equity strategy employing a combination of thematic research and fundamental analysis. Thematic research provides insight into disruptive forces shaped by advancements in technology and shifting regulations, driving business opportunity and risk. Fundamental company analysis narrows thematic insight to actionable investments centered on innovative products and services that can scale over multi-year time frames.
- Category: Speciality Global / Sustainable
- Target 30-60 Securities
- Positions limited to 7%
- Only companies with material direct product, service, or business model exposure to environmental innovation
- Up to 10% cash
- Wide latitude across cap size, sectors, and geographic locations
FLP Sustainable Opportunities
A core global equity strategy employing a combination of thematic research and fundamental analysis. Thematic research provides insight into opportunities related to sustainable business practices in an environment marked by shifting regulations and advancements in technology. The strategy emphasizes exposure to six environmental themes across a portfolio diversified by size, sector, geography and other factors.
- Category: US All Cap Core / Sustainable
- Target 40-60 securities
- Positions limited to greater of 5% or benchmark weight +2%
- Up to 40% international
- Alternative energy, Energy efficiency, Pollution prevention, Green building, Sustainable water and agriculture
- Excludes top toxic and carbon emitters, top fossil fuel reserve holders
US Core SRI
FLP Catholic Values
A core domestic equity strategy employing fundamental analysis across an opportunity set that excludes exposure to objectionable factors outlined in the United States Conference of Catholic Bishops’ Socially Responsible Investment Guidelines. Within a fundamentally rigorous investment framework, the strategy overlays responsible investing parameters that protect human life and dignity, promote environmental well-being, and encourage corporate responsibility.
- Category: US Large Cap Core
- Target 35-55 Securities
- Positions limited to greater of 5% or benchmark weight +2%
- Up to 15% international
- Up to 10% cash
- Primarily large-cap companies, with some small- and mid-cap exposure
- Companies that are consistent with the USCCB
- Socially Responsible guidelines
- Expected turnover 20-40%
FLP Faith-Based Equity
A core domestic equity strategy employing fundamental analysis across an opportunity set that excludes exposure to companies that fail to protect human life or encourage corporate responsibility. Within a fundamentally rigorous investment framework, the strategy overlays responsible investing parameters that protect human life and dignity, promote environmental well-being and encourage corporate responsibility.
- Category: US Large Cap Core
- Target 35-55 Securities
- Positions limited to greater of 5% or benchmark weight +2%
- Up to 15% international
- Up to 10% cash
- Primarily large-cap companies, with some small- and mid-cap exposure
- Companies that protect human life and dignity, and encourage corporate responsibility
- Expected turnover 20-40%
Fixed Income
FLP Intermediate-Term Taxable
- Category: Taxable
- Investment grade – Single A average credit quality target
- Bond maturity range: 0-15 years
- Integrates tactical allocations to diversifying sectors
- Macroeconomic view on interest rates and the economic cycle informs portfolio duration and sector allocation
- Credit research and relative value drives security selection
- 10% maximum allocation to High Yield
- Low-Carbon and Values-based overlays available
FLP Strategic Municipal Income
- Category: Tax-Exempt
- Investment grade – Single A average credit quality target
- Bond maturity range: 0-20 years
- Customized for state of residence
- Integrates tactical allocations to diversifying sectors
- Macroeconomic view on interest rates and the economic cycle informs portfolio duration and sector allocation
- 10% maximum allocation to High Yield
FLP High Income Bond
A fixed income approach that seeks to generate elevated yield through an increased allocation to credit.
- Category: Taxable
- Focused on income generation
- BBB average credit quality target
- Bond maturity range: 0-15 years
- Integrates tactical allocations to diversifying sectors
- Macroeconomic view on interest rates and the economic cycle informs portfolio duration and sector allocation
- 30% maximum allocation to high yield securities
FLP Short-Duration Fixed Income
- Category: Short Duration
- Implemented with individual bonds or optimized ETFs and mutual funds
- Single A average minimum credit quality
- Time horizon: 1 year+
- Less than 3-year maturity target maturity for individual bonds
- Customized for client circumstances
