Deliver superior current income versus traditional equity income strategies with reduced volatility and lower levels of interest rate risk compared to a debt strategy.
This strategy is designed to deliver a superior risk-adjusted yield while reducing volatility over a full market cycle. The strategy seeks to achieve this objective by investing in a broad basket of yield-producing assets including common and preferred equities, exchange traded debt, and ETFs/ETNs. This diversity allows us to produce a higher yield than a more traditional income product while still providing volatility reduction through active asset allocation model-based decision making. The strategy does not invest in junk bonds or distressed debt securities.
- Lee A. Calfo
- Brian C. Shevland
- Inception in September 2010
- Typical allocation is 20-30 positions
- Maximum non-ETF position size is 5% at initiation
- No leverage, No Shorting
- Max levered ETF exposure 10% (typically zero)
PORTFOLIO STATISTICS (1Q18)
|2017 Yield (Annual)||4.76%|
|3 Year Trailing Yield (Annual)||5.38%|
|Historical Annualized Return||4.43%|
|Beta vs. S&P||0.37|
As of 1/1/2019
|Class I||Class R||Blend*|