At Coho Partners, we aspire to produce positive returns each year, although we know this may not always happen. Our performance expectations are two-fold: first, to protect principal during difficult times and second, to capture the majority of broad market advances. We seek to attain these seemingly divergent goals by investing in stable companies that have historically weathered down markets very well. These same companies have over time provided competitive returns in all but the most speculative and lowest quality up markets. Given our highly focused portfolios, we believe that with our diligent research, we can find companies whose valuations at time of purchase will prove rewarding over a full economic cycle.
As of March 31, 2017