Green should be able to revive this strategy. Longtime manager Richie Freeman, who began managing the strategy at its 1983 inception, retired in 2021 after his ultrapatient approach grew stagnant.

The strategy has an annualized 0.9-percentage-point edge since the index’s mid-1994 inception. In 2023, the strategy outpaced the index and landed in the top third of peers, partly thanks to its ...