“It’s not where
you fish
that matters,
it’s the fish
you catch.”

– William H. Reaves

Reaves believes that an information advantage can be created when experienced

analysts focus their fundamental, quantitative and qualitative, bottom up research

on select, complex industry sectors.

Dividend paying companies often enforce the financial discipline required by a

growing business. Identifying growing companies that also pay consistent and

increasing dividends is our life's work.

Reaves’ large cap value style seeks to be disciplined and risk efficient. Low volatility,

correlation, R-squared and similar statistics have remained consistent for 30 years.

Portfolios are constructed to improve plan information ratios and complement more

aggressive plan managers. Reaves' portfolios may help to spend risk budgets efficiently.

Critical to our philosophy is investing in companies that usually generate above

average EPS growth.

Historically, Reaves' portfolios have provided attractive returns in improving markets

while outperforming in declining markets. Principal preservation is emphasized.