Strategies and Performance

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04/18/17: Viral, whatever...
Too often our first reaction to something strange happening isn’t to intervene, or offer a…
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Two legendary champions played an epic tennis match at the Australian Open, and the winner…

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Strategies & Performance

equity income portfolio

Current Strategy

Top 10 Holdings
Eaton Vance Fund Wells Fargo
Ares Capital Corp. Vodafone Group
Macquarie Infrastructure EPR Properties 
Mattel Inc. Cedar Fair LP
Blackstone Group LP HSBC Holdings

Generating steady income from traditional fixed income investments is currently a challenge due to the low interest rate environment. The Income Portfolio attempts to overcome this by building a diversified portfolio of income generating securities across asset classes and sectors. While this portfolio does contain more risk than traditional high quality bonds, we believe the long-term risk is lower compared to a strategy of holding long-dated or lower quality bonds. This month, we took advantage of stocks we like in the long term, after they got hit, adding to both MAT and MIC. We also added to financial stocks that will benefit from a rising rate environment, adding to BX, ARCC, and EVFAX. We added to Healthcare stocks, AZN and BMY, also focusing on the long term franchise in oncology. We swapped agricultural stocks, selling ADM, and buying POS and CF and believe that the ag cycle is in the early stages of a multi-year period. Our process focuses on selecting high quality securities that provide above average current dividends and a sustainable record of above average dividend growth. The current dividend yield of the portfolio is 5.84%

equity income

This investment strategy is not a recommendation to buy or sell any of the securities mentioned. Past performance is not a guarantee of future results.