High Profitability
High return on equity and return on capital

Ratings
Companies rated B+ to A+ by S&P

Growth
Above average earnings and dividend growth

Excess Cash Flow
Demonstrated ability to repurchase shares and increase dividends

Leadership
Strong competitive position

Management
Proven senior management
Commitment to shareholders

Diversification
Portfolios are diversified by industry and economic sector
Fixed income holdings are comprised of staggered maturities

Predictability
Steady growth of earnings and dividends