Market capitalization minimum is $500 million.

As of 3/31/23 for the KCM Value Equity Composite the median market cap is $32.5 billion, the average market cap is $69.5 billion and the weighted market cap is $79.9 billion.

Stocks selected:

  • Must pay dividends at the time of purchase*
  • Have frequently been sold out or ignored for some time by other investors
  • Have earnings or other factors such that we believe will make them become better regarded by other investors
  • Usually have low price/earnings multiples (≤15x) and high cash flow per share
  • Are generally at no more than 20% above their 52-week Low
  • Public debt, if any, must be investment grade (BBB-, BAA3 or better) at time of purchase
  • KCM purchases foreign securities if they are ADRs and are traded on U.S. exchanges.

*KCM retains stocks that have suspended dividend payments if there is investment merit and a turnaround is anticipated.