The DEP Team provide an update on Rotork Plc a UK industrial company added to the portfolio in May this year.

We seek businesses protected by durable competitive advantages. Few companies embody these qualities as completely as Visa, which we have added to portfolios during the recent quality sell-off.

S&P Global Inc is the latest addition to our DEP portfolios. A leader in credit ratings, benchmark indices and market intelligence for over 100 years, we explain why we are confident to hold it for the next decade.

Melrose's aerospace business operates in an industry defined by high barriers to entry and long-term growth. We explain why we believe it is an attractive investment opportunity.

While recent market returns have been driven by banks, energy and mining, attractive opportunities remain elsewhere. We explain why Rotork's quality, resilience and valuation make it a compelling long-term investment.

After holding Cisco Systems since the 2020 bear market, we recently decided to trim our position. In this article, we explain the investment case, how the business has evolved over time, and why we believe a more balanced risk-reward outlook now justifies a reduction.