Balanced Income Strategy

As of 7/31/20

Assets Under Management

  • $20 million

Objectives

  • Seeks current income and, secondarily, total return consistent with the preservation of capital.

Available Vechicles

Portfolio Management Team

George J. Cipolloni III Photo

George J. Cipolloni III
Portfolio Manager

Scott Ellis Photo

Scott Ellis
Portfolio Manager

Mark J. Saylor Photo

Mark J. Saylor
Portfolio Manager

Greg Zappin Photo

Greg Zappin
Managing Director & Portfolio Manager

View Full Team

Characteristics

  • Opportunistically invest within the income investable universe across asset classes (equity and fixed income) to create a diversified portfolio of high-conviction ideas.
  • Flexible asset allocation with a 40% common stock limit (at purchase) driven by a bottom-up investment process.
  • Identify the most attractive value opportunities across a company’s capital structure.
  • Credit Quality: Typically focused on triple-B to single-B corporate securities
  • Number of Positions: Typically 60-80
  • Position Size: Typically 1-2% (3% max at purchase)

Key Asset Classes

Common and Preferred Stocks
High Yield Corporate
Investment-Grade Corporate
Convertible Bonds
Treasury/Agency
Mortgage-Backed Securities (MBS)
Asset-Backed Securities (ABS)

 

Disclosure Statement

Past performance is not indicative of future results. Investors should be aware of the additional risks associated with investments in non-diversification, undervalued or overlooked companies and investments in specific industries. In addition, investors should be aware of the additional risks associated with investments in non-investment grade (high yield) debt securities and structured securities, which are subject to greater fluctuations in value and risk of loss of income and principal as a result of interest rate risk and economic risk. Diversification neither assures a profit nor eliminates the risk of loss.

The information herein does not constitute investment advice and the strategy described may not be available to, or suitable for, all investors.

Thought Leadership & Market Insights