A hard-core contrarian value screen, albeit one using the ‘total return ratio’ in order to combine value metrics with growth. Although he didn’t like the term, Neff was essentially a contrarian investor buying good companies with moderate growth and high dividends while out of favour, and selling them once they rose to fair value. He looked for both value and growth or rather "good companies, in good industries, at low price-to-earnings prices". To identify these, his approach adds the expected future growth rate to the dividend yield, and divided by the PE ratio to give what he termed the ‘terminal relationship’ or, more colloquially, ‘what you pay for what you get’. To learn more about this strategy please click here »
Famous contrarian investor known as the "professional's professional" because many fund managers entrusted their money to him
John Neff On Investing
by John Neff
Published in 2001, this book outlines Neff's investment philosophy. John Neff's average annual total return from Vanguard's Windsor Fund during his 31-year tenure (1964-1995) as portfolio manager was 13.7%. He exceeded the market rate of return by more than 3.5% on a gross basis (and 3.15% on a net basis). He showed a great consistency in beating the broad market index 22 times and was regularly in the top percent of money managers.
This screen is based on a UK dataset.
It uses the following criteria:
Results are sorted by:
And limited to the first 200 Results
| Timeframe | Screen Returns | FTSE 100 | Outperformance |
|---|---|---|---|
| 1 week | 2.42% | 0.05% | 2.4% |
| 1 month | 10.59% | 6.63% | 4.0% |
| 3 months | -4.97% | 5.70% | -10.7% |
| 6 months | -3.62% | 15.64% | -19.3% |
| 1 year | 0.43% | 23.94% | -23.5% |
| Since inception | -8.16% | 24.8% | -33.0% |
| Annualised | -5.74% |
| Maximum Drawdown | -23.59% |
| Average No. of Holdings | 2.8 |
| Diversification Level | Low |
Chart based on an equal weighted portfolio of max 25 stocks rebalanced quarterly. Qualifying shares below updated daily. Past performance not indicative of future returns.
| Ticker | Name | P/E | Sales 5y CAGR % | EPS 5y CAGR % | FCF | PEGY TTM | Op Mgn % | |
|---|---|---|---|---|---|---|---|---|
| Subscriber | Subscriber | |||||||
| Subscriber | Subscriber | |||||||
| Subscriber | Subscriber | |||||||
| COMPARE | ||||||||
Can't see the share you expect? View this screen as a checklist to find out why.
