EQUITY INCOME STRATEGY

Our strategy was originally incepted for ultra high net worth families as a means of generating above market dividend yields in addition to stock price appreciation. The strategy generates tax advantaged income with qualified dividend tax treatment.

In this strategy we seek to identify and invest in companies that are:

Our investment process is data driven, factor-based model coupled with a qualitative overlay for ultimate portfolio construction. The process is systematic, intuitive and repeatable.

01

UNIVERSE

  • 4,400 stocks
  • U.S. domiciled companies
  • All sectors except real estate
02

THRESHOLD FILTERS

  • Top 50 companies by revenue per sector
  • Market cap threshold
  • Dividend yield threshold
03

RANKING BY 13 FACTORS

Examples include:

  • Total debt/equity
  • Dividend yield
  • EBITA margin
04

PORTFOLIO CONSTRUCTION

  • Qualitative overlay
  • 4 positions per sector
  • 10 sectors
  • 40 equally-weighted positions

Portfolios are reconstituted and rebalanced each quarter. Our portfolio managers are focused on tax efficiency (low turnover) and offer the option to systematically harvest capital losses during volatile periods to lower an investor’s overall tax burden.

portfolio managers

James A. West, CFA

James A. West, CFA

Chief Executive Officer and Portfolio Manager

Christopher Prest

Christopher Prest

Portfolio Manager

MONTHLY PERFORMANCE, NET OF FEES (TOTAL RETURN)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total R1000V
2019 9.61 1.48 0.28 3.70 -10.28 8.05 0.74 -6.29 5.19 11.35 17.81
2018 3.15 -5.37 -1.58 1.82 2.45 -0.51 4.24 0.50 0.15 -5.59 2.99 -8.05 -6.49 -8.27
2017 -0.21 2.33 -1.77 0.15 -0.18 1.62 1.88 0.59 4.58 1.05 4.73 2.18 18.11 13.66
2016 -2.61 2.73 7.29 -0.21 -1.37 2.36 3.53 -1.16 -0.03 -1.65 4.46 2.74 16.75 17.34
2015 -3.31 4.93 -2.12 0.57 -0.91 -3.44 0.97 -4.68 -2.15 9.18 -0.06 -1.91 -3.69 -3.83
2014 -4.18 4.32 2.44 2.90 0.84 0.79 -0.62 3.68 -0.33 1.66 3.11 -0.10 15.17 13.45
2013 5.57 1.05 5.50 2.06 0.55 -1.15 4.30 -1.53 3.27 4.98 0.93 2.29 31.22 32.53
2012 1.14 2.43 1.23 -0.92 -4.55 4.91 1.56 1.49 2.26 -1.05 -1.32 0.82 7.97 17.51
2011 2.20 2.93 0.84 2.93 -0.57 -1.04 -3.19 -3.59 -4.35 9.44 1.40 2.61 9.21 0.39
2010 -5.18 2.03 5.59 1.67 -6.30 -3.95 6.62 -3.09 9.38 2.78 -0.67 8.11 16.60 15.51
2009 -5.83 -12.04 8.11 11.10 5.44 0.22 5.94 4.41 3.83 -2.20 6.73 3.99 31.06 19.69
2008 6.07

 

Risk Return Profile as of 9/30/19
Return Std Dev Semi Std Dev Sharpe Ratio Sortino Ratio Beta Best Month Worst Month Max Drawdown Cumulative Return Alpha
GS EI 13.64 13.79 14.28 0.96 1.62 0.89 11.10 -12.04 -17.17 299.41 2.55
R1000V 12.10 14.48 16.06 0.83 1.29 1.00 -13.36 -23.32 23.32 244.65 0.00

 

Returns are presented net of management and performance-based fees and include the reinvestment of all income.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the strategy may be lower or higher than the performance quoted.

Returns are presented net of management and performance-based fees and include the reinvestment of all income.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the strategy may be lower or higher than the performance quoted.

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Executive Summary

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