Balanced tactical management that seeks competitive total returns from a portfolio of income-generating securities with significantly reduced risk.
A macro-economic framework developed and monitored by the Investment Team that informs asset allocation and sector weightings.
Individual issue selection grounded in deep fundamental analysis, valuation, correlation, and other factors.
A 20-Year audited track record across a variety of market cycles.
Portfolio Managers: Bill Garvey, Alex Oxenham
Investment Vehicles: SMA, mutual fund with Direxion, and selected investment platforms.
“A lot of the success of Tactical Income has been where we haven’t been, in addition to where we have been.”
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Last Updated September 30, 2023
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A six to 18-month outlook on macroeconomic factors, such as fiscal and monetary policy, interest rates, commodity pricing, and general business conditions, shapes broad allocations to fixed income, equity, and cash.
Sector weightings further reflect the Investment Team’s views on economic cycles, with an eye toward managing across earnings growth, quality, and more defensive consumer staples categories.
In addition to traditional fixed income securities, other income-producing securities in the portfolio can include dividend-paying common shares, preferred shares, and REITs, among others.
Individual securities are selected via a disciplined process based on deep fundamental analysis with a preference for companies with steady dividend growth, solid balance sheets, and industry leadership.
“It’s important to understand that this is more than “picking stocks” to complement a fixed income portfolio.”