Tactical Income ETF Strategy
|
|
- Edmund Nichols
- 5 years ago
- Views:
Transcription
1 Tactical Income ETF Strategy Investor Presentation N ORTHC OAST A DVISORY T EAM I NVESTMENT INFO@ NORTHCOASTAM. COM
2 N ORTHC OAST A SSET M ANAGEMENT EXPERIENCE Based in Greenwich, CT $1.7 billion in firm AUM (as of 9/30/2017) 30 Professionals STABILITY 100% proprietary research, trading, and management Systematic and rules -based investment execution Daily risk controls that proved their mettle in drawdowns of and 2008 PERFORMANCE Exclusive Agreement with Investor s Business Daily ETF Partnership with BlackRock ishares Recognized as a Financial Times Top 300 Registered Investment Adviser (2014, 2015) 2
3 N ORTHC OAST A SSET M ANAGEMENT S YSTEMATIC I NVESTMENT P ROCESS Daily quantitative research Active portfolio construction & security selection Disciplined, rules-based risk controls Significant investment made in risk management systems I NSTITUTIONAL S TRUCTURE 30 Professionals (including Portfolio Management, Research, Trading, Investor Relations, Operations, & Compliance) Managing 20 separate account strategies & 1 mutual fund across multiple asset classes Diligent compliance program led by experienced compliance officer and counsel 7 member Investment Committee - Expertise in quantitative research Exclusive agreement with Investor s Business Daily utilizing the CAN SLIM investment program T ALENTED R ESEARCH T EAM Career experience with Research Affiliates, Pyramis, and Numeric 2 CFAs, 2 MBAs, and 7 Masters with concentrations in computer science, engineering, statistics, and computational finance E XTENSIVE P ARTNERSHIPS ETF partnership with ishares by BlackRock Separate account platform partners include Fidelity, Morgan Stanley, Wells Fargo, UBS, RBC, Raymond James, and others 3
4 I NVESTMENT P HILOSOPHY We believe a thoroughly researched and repeatable investment process rooted in common sense will outperform over time. Our research shows that markets and securities reward certain factors and punish others. To capitalize on these factors, we employ a market exposure model and a security selection model based on fundamental rationales. These rationales are confirmed by thorough quantitative analysis, are systematically implemented and complemented with extensive risk controls. This proven and repeatable investment process relies on portfolio managers to validate the model outputs daily and traders to implement the strategy efficiently. To maintain, refine and enhance our competitive edge, we remain committed to a continuous and comprehensive research effort. 4
5 I NVESTMENT T EAM Patrick Jamin CFA, FRM Chief Investment Officer Julia Zhu CFA, FRM SVP Market & Security Research Yaqiu Li SVP Portfolio Construction Slava Malkin Senior Vice President Jason Krugly Vice President Sumanth Amarchinta Vice President Partner, Numeric Investors (European / World Fundamental Statistical Arbitrage) Partner, Portfolio Manager, Standard Pacific Capital; Global Long/Short Equity Fund Senior Quantitative Analyst, Invesco; Global Quantitative Fund M.B.A., Harvard Business School, Baker Scholar, Arthur Sachs Scholar M.S. Telecommunications, Ecole Nationale Superieuredes Telecommunications de Paris Ingenieur de I Ecole Polytechnique, Ecole Polytechnique Vice President, Research Affiliates - Quantitative research; equities and asset allocation Associate, First Quadrant Conducted research on GTAA and tactical currency allocation Master of Economics, Yale University, PhD Candidate M.B.A. with concentration in Finance, University of Southern California Climate Modeling National Key Lab of Atmospheric Science, Chinese Academy of Sciences M.S. Quantitative and Computational Finance & M.S. in Statistics, Georgia Tech PhD Candidate CFA Level III Candidate Quantitative currency trading strategies BNP Paribas Portfolio Manager of global macro strategies Research in Global Tactical Asset Allocation strategies Deutsche Asset Management M.S. in Statistics, Harvard University Research experience with Bank of America, Merrill Lynch, Credit Suisse, Deutsche Bank M.S. in Financial Engineering, Baruch College B.S. & M.S. in Computer Science, Polytechnic Institute of New York University Senior Investment Analyst, Pyramis Global Advisors - Quantitative research M.S. in Computer Engineering, Rochester Institute of Technology B.S. in Electrical Engineering, Roorkee Indian Institute of Technology 5
6 S EPARATELY M ANAGED A CCOUNT P LATFORM Designed to meet the broad wealth management goals of clients from asset accumulation through retirement Employing a tactical overlay focused on capital appreciation and downside risk management INCOME GROWTH DIVERSIFIED CORE DIVERSIFIED GROWTH TACTICAL GROWTH Overview A conservative plan, emphasis on income Balanced approach to growth & income Growth by means of capital appreciation and income Capital appreciation with secondary objective of capital preservation Benchmark JPM Global Bond Aggregate (Global Bonds) 50% ACWI / 50% Global Bonds 70% ACWI / 30% Global Bonds Morningstar World Allocation Tactical Shifts 100% (Full) 20% (Modest) 30% (Modest) 100% (Full) Typical Asset Allocation Opportunistic Market Environment Fixed Income U.S. Equity International Equity Alternative The Typical Asset Allocation is for informational and illustrative purposes only based on an Opportunistic market outlook provided by NorthCoast Asset Management. 6
7 T ACTICAL I NCOME I NVESTMENT P ROCESS Proprietary market outlook determined by 40+ signals across four dimensions identifies opportunities & risks Daily market signal analysis Ongoing research assessment of market signals ensures accuracy and relevance Rigorous proprietary research shows ETFs exhibit common characteristics before gains Daily scoring of 150+ ETFs with 20+ signals Seeking ETFs with superior risk-adjusted potential Dynamic optimizer properly maintains riskadjusted portfolio daily Assessment of total transaction costs and estimate of implementation shortfall Each ETF s idiosyncrasies evaluated by team prior to taking a position Proprietary risk model Controls embedded through investment process Combination of active and passive risk management methods Daily monitoring of positions Higher concentrated portfolio enhances longterm alpha 7
8 I NVESTMENT P ROCESS Proprietary market outlook determined by 40+ signals across four dimensions identifies opportunities & risks to determine optimal exposure and leverage TECHNICAL Momentum Reversal Fear SENTIMENT Consumers Producers Credit Surprise MACRO- ECONOMIC Leading Indicators Federal Reserve Jobs Geopolitical VALUATION Historical Forward Rate Adjusted Inflation Adjusted Equity Target Lelvel 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% NorthCoast Equity Exposure Model 1/1/ /31/2016 Technicals Sentiment Macroeconomic Valuation 0% The chart above shows a hypothetical simulation of NorthCoast s proprietary market outlook analysis tool. This simulation is generated by using multiple data points across four broad dimensions including Technical, Sentiment, Macroeconomic, and Valuation indicators. The daily result determines equity exposure. It does not represent actual equity exposure. 8
9 D AILY S CORING OF ETFS NorthCoast scores a variety of ETFs across multiple asset classes utilizing a combination of factors (signals) that drive performance Individual securities are for comparative purposes only and NorthCoast may not recommend these positions at the time of publication. Score-based model is a proprietary security selection system of NorthCoast Asset Management. 9
10 D AILY S CORING OF ETFS ETF Harmony Describes NorthCoast s approach to evaluating and selecting Exchange Traded Funds (ETFs). Highlights the use of four categories of factors/signals, with of what works, and what doesn t: Technical Macroeconomic Sentiment Valuation 10
11 T ACTICAL I NCOME The NorthCoast Tactical Income ETF Program s investment objective is to provide: Target yield of Inflation + 2-3% through a diverse set of income sources Protection against rising interest rates and inflation with real assets Potential for appreciation through growth assets Downside protection through a tactical allocation to income sources benefitting from diversification Given today s interest rate & yield environment, institutional investors are seeking an active and alternativesolution for portfolio income needs Equity 0%-25% Alternative 0%-25% Fixed Income 50%-100% Emerging Markets 15%-25% Developed International United States 50%-70% 15%-25% Sample Allocation by Asset Class Sample Allocation by Country 11
12 T ACTICAL I NCOME S UMMARY Past Performance is not indicative of future results. All investments involve risk, including loss of principal. Results are presented net of management fees. Please reference the Appendix for additional disclosure information. 12
13 T ACTICAL I NCOME P ERFORMANCE $120,000 $115,000 Tactical Income vs. Competitive Benchmarks Hypothetical Growth of $100,000: 11/1/2012-9/30/2017 Tactical Income Global Bond Agg. U.S. Bond Agg. Growth of $100,000 $110,000 $105,000 $100,000 $95,000 $90,000 Nov 2012 Apr 2013 Sep 2013 Feb 2014 Jul 2014 Dec 2014 May 2015 Oct 2015 Mar 2016 Aug 2016 Jan 2017 Jun 2017 Annualized Returns 2012* YTD 1-Year 3-Year Inception 11/1/2012 Tactical Income ETF 0.9% 1.7% 6.3% -3.8% 5.9% 7.1% 3.7% 3.6% 3.6% Global Bonds -0.3% -2.6% 1.7% -2.7% 2.2% 5.8% -1.2% 1.5% 0.8% U.S. Bonds 0.0% -2.0% 6.0% 0.6% 2.7% 3.1% 0.1% 2.7% 2.1% *2012 performance results from 11/1/ /31/2012. Data as of 9/30/2017. Past performance is not a guarantee of future profits and must be viewed in concert with Disclosure Information in the Appendix. Returns are presented net-of-fees, including the reinvestment of dividends. Net-of-fee returns are reduced by trading costs and the portfolio s actual management fee. 12
14 T ACTICAL I NCOME P ERFORMANCE 8% 6% 4% Strategy Performance Yield + Appreciation Asset Appreciation Yield Generation Performance 2% 0% -2% -4% -6% -8% 2012 * Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Yield Generation 1% 1% 1% 1% 1% 5% 1% 1% 1% 1% 4% 1% 1% 1% 1% 4% 1% 1% 1% 1% 4% 1% 1% 1% 2% Asset Appreciation 0% 1% -6% 1% 0% -3% 2% 2% -2% 1% 2% 0% -4% -3% -1% -8% 2% 3% 1% -2% 2% 2% 2% 1% 4% Performance 1% 3% -5% 3% 1% 2% 3% 3% -1% 2% 6% 1% -3% -2% 0% -4% 3% 4% 2% -1% 6% 3% 3% 2% 6% *11/1/ /31/2012. Yield Generation and Asset Appreciation are estimated figures based on the annualized yield of the portfolio. Past Performance is not indicative of future results. All investments involve risk, including loss of principal. Results are presented net of management fees. Please reference the Appendix for additional disclosure information. 14
15 15
16 B ENEFITS OF U NCONSTRAINED I NCOME Few traditional income options meet the inflation hurdle 8% Asset Classes and Efficient Frontiers Turning to additional income vehicles can enhance yield Careful portfolio construction and risk management can lead to a better efficient frontier Combining traditional and non-traditional income options can improve a portfolio s yield with an acceptable level of volatility Yield 7% 6% 5% 4% 3% 2% Inflation = 3% Preferred Shares MLP High Yield EM High Yield Bonds High Yield Short Term High Yield Muni High Yield ex-us Build America 10+ Y Credit Bank Loan EM Bonds Muni Bonds Intermediate Credit 7-10 Y T-Bills Y T-Bills US Equities 20+ Y T-Bills Infrastructure MBS 1% 1-3 Y Credit 3-7 Y T-Bills Tips 1-3 Y T-Bills 0% 0% 2% 4% 6% 8% 10% 12% 14% Volatility Traditional Core Income Enhanced Income Unconstrained Income Intal Equities Intal REIT US REIT Traditional Efficient Frontier Enhanced Efficient Frontier Unconstrained Efficient Frontier Source: Bloomberg, ishares, as of 11/06/
17 D ISCLOSURE I NFORMATION Past Performance is not indicative of future results. All investments involve risk, including loss of principal. The firm is defined as NorthCoast Asset Management LLC. NCAM was established in 1988 and is an independent Registered Investment Advisor (RIA) registered with the Securities and Exchange Commission (SEC). The firm is a full service investment management company. The firm specializes in quantitative investment programs. NCAM is located in Greenwich, CT, and is not affiliated with any parent organization and has no other offices operating under the same brand name. Returns are presented net-of-fees. Net-of-fee returns are reduced by trading costs and the portfolio s actual management fee. Valuations are computed and performance is reported in U.S. dollars. A complete list of composite descriptions is available upon request. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. To obtain a compliant presentation for the associated strategy, please contact one of our advisors at Tactical Income is a fully tactical investment strategy designed to produce income while managing principal risk. The strategy invests in a diversified basket of global ETFs across the income spectrum using U.S. bonds, international bonds, corporate bonds, mortgages, and U.S. and international dividend equities. The strategy seeks a target yield of inflation +2-3%, protection against rising interest rates & inflation with real assets, potential for appreciation through growth assets, and downside protection through a tactical allocation to yield sources with diversification benefits. Benchmarks - The Barclays Aggregate Bond Index and JP Morgan Global Aggregate Bond Index are used for comparison purposes. The Barclays Aggregate Bond Index is a broad based index designed to represent global investment grade bonds traded in the United States. The JP Morgan Global Aggregate Bond Index is a broad-based index designed to represent multi-currency, global investment grade bonds. 17
18 D ISCLOSURE I NFORMATION This information contained herein has been prepared by NorthCoast Asset Management, LLC ("NorthCoast") on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. NorthCoast has not sought to independently verify information obtained from public and third party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. This material is for informational and illustrative purposes only and is intended solely for the information of those to whom it is distributed by NorthCoast. No part of this material may be reproduced or retransmitted in any manner without the prior written permission of NorthCoast. NorthCoast does not represent, warrant or guarantee that this information is suitable for any investment purpose and it should not be used as a basis for investment decisions. PAST PERFORMANCE DOES NOT GUARANTEE OR INDICATE FUTURE RESULTS. This material should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment products or to adopt any investment strategy. The reader should not assume that any investments in companies, securities, sectors, strategies and/or markets identified or described herein were or will be profitable and no representation is made that any investor will or is likely to achieve results comparable to those shown or will make any profit or will be able to avoid incurring substantial losses. Performance differences for certain investors may occur due to various factors, including timing of investment. Investment return will fluctuate and may be volatile, especially over short time horizons. INVESTING ENTAILS RISKS, INCLUDING POSSIBLE LOSS OF SOME OR ALL OF THE INVESTOR'S PRINCIPAL. The investment views and market opinions/analyses expressed herein may not reflect those of NorthCoast as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. 18
Managed ETF Strategies with Tactical Income spotlight
Managed ETF Strategies with Tactical Income spotlight Investor Presentation 203.532.7000 INFO@ NORTHCOASTAM. COM N ORTHC OAST A SSET M ANAGEMENT An established leader in the field of tactical investment
More informationNorthCoast ETF Portfolio Solutions
NorthCoast ETF Portfolio Solutions Investor Presentation NorthCoast Advisory Team info@northcoastam.com 800.274.5448 northcoastam.com Executive Summary PRESENTATION OVERVIEW Who is NorthCoast? What does
More informationNorthCoast CAN SLIM Investment Strategy
NorthCoast CAN SLIM Investment Strategy For Presentation to Morgan Stanley Wealth Management Financial Advisors A growth portfolio with downside risk protection This presentation is to report on the investment
More informationCONCENTRATED POSITIONS
NORTHCOAST ASSET MANAGEMENT CONCENTRATED POSITIONS Private Client Advisor 203.532.7000 privateclientadvisors@northcoastam.com 1 N ORTHC OAST A SSET M ANAGEMENT An established leader in the field of quantitative
More informationNorthCoast Growth. Investor Presentation NORTHCOASTAM. COM
NorthCoast Growth Investor Presentation 203.532.7000 INFO@ NORTHCOASTAM. COM N ORTHC OAST A SSET M ANAGEMENT EXPERIENCE Based in Greenwich, CT $1.8 billion in firm AUM (as of 6/30/2018) 30+ Professionals
More informationNorthCoast International
NorthCoast International Investor Presentation 203.532.7000 INFO@ NORTHCOASTAM. COM N ORTHC OAST A SSET M ANAGEMENT EXPERIENCE Based in Greenwich, CT $.8 billion in firm AUM (as of 6/30/208) 30+ Professionals
More informationNorthCoast Growth. Tactical All-Cap Growth Strategy. Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM
NorthCoast Growth Tactical All-Cap Growth Strategy Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7003 INFO@ NORTHCOASTAM. COM NORTHCOAST ASSET MANAGEMENT T HE N ORTHC OAST A DVANTAGE
More informationTactical Income ETF. Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM NORTHCOASTAM. COM
Tactical Income ETF Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7000 INFO@ NORTHCOASTAM. COM NORTHCOAST ASSET MANAGEMENT An established leader in the field of tactical investment
More informationNorthCoast International: A CAN SLIM strategy
NorthCoast International: A CAN SLIM strategy Investor Presentation 203.532.7000 INFO@ NORTHCOASTAM. COM N ORTHC OAST A SSET M ANAGEMENT EXPERIENCE Based in Greenwich, CT $1.8 billion in firm AUM (per
More informationCAN SLIM Investment Program
CAN SLIM Investment Program Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7003 INFO@ NORTHCOASTAM. COM N ORTHC OAST A SSET M ANAGEMENT EXPERIENCE STABILITY Based in Greenwich,
More informationCAN SLIM Investment Program
CAN SLIM Investment Program Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7000 INFO@ NORTHCOASTAM. COM NORTHCOAST ASSET MANAGEMENT An established leader in the field of tactical
More informationLegends Value. Investor Presentation I NVESTMENT N ORTHC OAST A DVISORY T EAM NORTHCOASTAM. COM
Legends Value Investor Presentation N ORTHC OAST A DVISORY T EAM I NVESTMENT 203.532.7003 INFO@ NORTHCOASTAM. COM NORTHCOAST ASSET MANAGEMENT T HE N ORTHC OAST A DVANTAGE EXPERIENCE STABILITY Founded in
More informationCAN SLIM INTERNATIONAL
CAN SLIM Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7000 INFO@ NORTHCOASTAM. COM 6 Glenville St Greenwich, CT 06831 jwildern@northcoastam.com www.ncamadvisors.com phone: 248.470.3600
More informationTactical Growth ETF. Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM NORTHCOASTAM. COM
Tactical Growth ETF Investor Presentation N ORTHC OAST I NVESTMENT A DVISORY T EAM 203.532.7000 INFO@ NORTHCOASTAM. COM NORTHCOAST ASSET MANAGEMENT An established leader in the field of tactical investment
More informationNorthCoast CAN SLIM Investment Strategy
NorthCoast CAN SLIM Investment Strategy A growth portfolio with downside risk protection NorthCoast CAN SLIM now available on Morgan Stanley s UMA platform This presentation is to report on the investment
More informationTotal
The following report provides in-depth analysis into the successes and challenges of the Northcoast Tactical Growth managed ETF strategy throughout 2017, important research into the mechanics of the strategy,
More information2017 Strategy Review. CAN SLIM Investment Program. 1 Cash Scaling
2017 Strategy Review CAN SLIM Investment Program December 31, 2017 The following report provides in-depth analysis into the objective, investment process, and the successes and challenges of the strategy
More informationGlobal Select International Select International Select Hedged Emerging Market Select
International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country
More informationAnnual Returns: S&P 500 vs. ACWI ex-u.s. (Global Equities outside U.S.)
2015 Strategy Review Tactical Growth (Managed ETFs) December 31, 2015 The following report provides in-depth analysis into the successes and challenges of Tactical Growth throughout 2015, important research
More informationZero Beta (Managed Account Mutual Funds/ETFs)
2016 Strategy Review Zero Beta (Managed Account Mutual Funds/ETFs) December 31, 2016 The following report provides in-depth analysis into the successes and challenges of the NorthCoast Zero Beta investment
More informationS&P 500 Optimal Weight Strategy. 9/30/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:
S&P 500 Optimal Weight Strategy 9/30/2018 999 Vanderbilt Beach Road, Suite 102 Naples, Florida 34108 V: 866-459-9998 10 Executive Summary Sector Momentum, Income, Broad U.S. Equity Exposure Existing financial
More informationDestinations. Defensive Qualified. March 31, Asset class breakdown. Portfolio overview* Key statistics. Portfolio holdings
Destinations Defensive Qualified March 31, 2018 Portfolio overview* Absolute return objective Low volatility and low correlation to equity markets Suited for investors with a timeframe of 1+ years Key
More informationMorgan Stanley ETF-MAP 2 Index Information
Morgan Stanley ETF-MAP 2 Index Information Investing in instruments linked to the Morgan Stanley ETF-MAP 2 Index involves risks not associated with an investment in other instruments. See Risk Factors
More informationFIXED INCOME PORTFOLIO
FIXED INCOME PORTFOLIO 1 IN TODAY S UNCERTAIN MARKETS, you re likely looking for a partner to meet your fixed income objectives. Let Innealta Capital work with you to cultivate your portfolio with our
More informationAspiriant Risk-Managed Equity Allocation Fund RMEAX Q4 2018
Aspiriant Risk-Managed Equity Allocation Fund Q4 2018 Investment Objective Description The Aspiriant Risk-Managed Equity Allocation Fund ( or the Fund ) seeks to achieve long-term capital appreciation
More informationBROAD COMMODITY INDEX
BROAD COMMODITY INDEX COMMENTARY + STRATEGY FACTS JUNE 2017 80.00% CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% -80.00% ABCERI S&P GSCI ER BCOMM ER
More informationRethink your income strategy
Rethink your income strategy BlackRock Multi-Asset Income Fund (BIICX) 1 THE CHALLENGE Yields remain low Yields are low across the income landscape, with less than 25% of fixed income assets yielding over
More informationGrant Park Multi Alternative Strategies Fund. Why Invest? Profile Since Inception. Consider your alternatives. Invest smarter.
Consider your alternatives. Invest smarter. Grant Park Multi Alternative Strategies Fund GPAIX Executive Summary November 206 Why Invest? 30 years of applied experience managing funds during multiple market
More informationBROAD COMMODITY INDEX
BROAD COMMODITY INDEX COMMENTARY + STRATEGY FACTS APRIL 2017 80.00% CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% -80.00% ABCERI S&P GSCI ER BCOMM ER
More informationBROAD COMMODITY INDEX
BROAD COMMODITY INDEX COMMENTARY + STRATEGY FACTS AUGUST 2018 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) -80.00% ABCERI S&P
More informationDestinations INVESTOR GUIDE. Multi-asset class solutions to meet a range of investor needs. Dynamic portfolios constructed from mutual funds
multi-asset class, dynamic portfolios are designed to deliver consistent returns over the long-term and help individuals stay invested. Risk-based portfolios INVESTOR GUIDE Income-focused portfolios CONSERVATIVE
More informationBROAD COMMODITY INDEX
BROAD COMMODITY INDEX COMMENTARY + STRATEGY FACTS JULY 2018 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) -80.00% ABCERI S&P GSCI ER BCOMM
More informationTactical Long/Short Strategy
Tactical Long/Short Strategy Tactical Long/Short Strategy INVESTMENT OBJECTIVE: To seek capital appreciation in varying market environments while exhibiting less downside volatility than the S&P 500. INVESTMENT
More informationBROAD COMMODITY INDEX
BROAD COMMODITY INDEX COMMENTARY + STRATEGY FACTS JANUARY 2018 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) -80.00% ABCERI S&P GSCI ER
More informationETF portfolio review, 30th September ETF portfolios with ESG overlay. market overview. portfolio performance
ETF portfolio review, 30th September 2017 market overview All our ETF portfolios performed better than s in September and all portfolios bar fixed-income continued to add to their gains year-to-date. Our
More informationETFs: Regulatory (High) Impact. Commerzbank, leaders in ETF February 2018
ETFs: Regulatory (High) Impact Commerzbank, leaders in ETF February 2018 What are ETFs? Securities that track the value of an index, commodities or a basket of assets and trade like a stock on the exchange
More informationAspiriant Defensive Allocation Fund RMDFX Q3 2018
Aspiriant Defensive Allocation Fund RMDFX Q3 2018 Investment Objective Description The Aspiriant Defensive Allocation Fund ( RMDFX or the Fund ) seeks to achieve long-term investment returns with lower
More informationJ.P. Morgan Structured Investments
July 2017 J.P. Morgan Structured Investments ent JPMORGAN EFFICIENTE (USD) INDEX STRATEGY GUIDE The JPMorgan ETF Efficiente 5 Index Strategy Guide Important Information The information contained in this
More informationIntroducing BlackRock's Target Allocation ETF Models
Introducing BlackRock's Target Allocation ETF Models Eve Cout Director, Managed Accounts Business Thomas Wood, CFA Lead Strategist, US Model Portfolios Tuesday January 23 rd, 2018 BENEFIT # 1 Scale and
More informationExchange Traded Fund Strategies
Exchange Traded Fund Strategies 221 W. 6 th Street, Suite 1210 Austin, Texas 78701 Phone 512.477.3110 Fax 512.472.1046 Teresa Finney Senior Vice President, Investments Richard A. Funk, CFP First Vice President,
More informationGlobal Tactical Asset Allocation
Global Tactical Asset Allocation This material is solely for informational purposes to be viewed in conjunction with this presentation. The information presented should not be construed as representative
More informationTHE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY MANAGEMENT INVESTMENT
More informationJuly J.P. Morgan Structured Investments. The J.P. Morgan Efficiente Plus 5 Index (Net ER) Strategy Guide
July 2017 J.P. Morgan Structured Investments The J.P. Morgan Efficiente Plus 5 Index (Net ER) Strategy Guide Important Information The information contained in this document is for discussion purposes
More informationMANAGED FUTURES INDEX
MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS SEPTEMBER 2018 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 140.00% 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX
More informationMANAGED FUTURES INDEX
MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS JUNE 2018 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX S&P 500 S&P
More informationManaged Accounts. FTA/Morningstar Multi-Discipline 75/25 Strategy. First Quarter 2018
Managed Accounts FTA/Morningstar Multi-Discipline 75/25 Strategy First Quarter 2018 Firm Profile First Trust Advisors L.P./First Trust Portfolios L.P. Established in 1991; privately owned Over 700 employees
More informationINDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*
Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 Jun 13 Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17 Jun 18 Dec 18 Dec 07 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08
More informationAlphaSolutions Multi-Sector Fixed Income Model
AlphaSolutions Multi-Sector Fixed Income Model A fixed income model based on trending and momentum strategies Portfolio Goals Primary: Seeks to invest in highranked sectors within the fixed income market
More informationEquity Markets in a Late-Cycle Environment: Balancing Opportunity and Risk
Equity Markets in a Late-Cycle Environment: Balancing Opportunity and Risk Speaker: Olivia Engel, CFA Senior Managing Director, CIO, Active Quantitative Equity State Street Global Advisors 2 Content What
More informationSMID Low Volatility Strategy. 6/30/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:
SMID Low Volatility Strategy 6/30/2018 999 Vanderbilt Beach Road, Suite 102 Naples, Florida 34108 V: 866-459-9998 10 Executive Summary Reduced Equity Market Risk The 50%+ downturn in the broad U.S. equity
More informationLarge Cap Low Volatility Strategy. 12/31/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:
Large Cap Low Volatility Strategy 12/31/2018 999 Vanderbilt Beach Road, Suite 102 Naples, Florida 34108 V: 866-459-9998 10 Executive Summary Reduced Equity Market Risk The 50%+ downturn in the broad U.S.
More informationINDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*
OVERVIEW Index Name: Helios Dynamic Risk 13% Index Ticker: Inception Date: February 28, 2005 S&P Launch Date: March 3, 2017 Benchmark: 65% MSCI ACWI / 35% BBgBarc Agg Bond Morningstar SecID: F00000YYHJ
More information2015 ANNUAL RETURNS YTD
Stephen Somers, William Somers 1410 Russell Road, Suite 100, Paoli, PA 19301 USA ph. +1-484-576-3371 fax +1-610-688-9261 http://www.somersbrothers.com ANNUAL RETURNS 2011 2012 2013 2014 2015 YTD Advisor
More informationFranklin Bissett Strategic Income Fund A BALANCED AND VERSATILE APPROACH TO INCOME
Franklin Bissett Strategic Income Fund A BALANCED AND VERSATILE APPROACH TO INCOME Franklin Templeton Investments Gain From Our Perspective At Franklin Templeton Investments, we re dedicated to one goal:
More informationGlobal ETF Portfolios
The Leaders In Pactive Management Richard Bernstein Advisors Global ETF Portfolios Richard Bernstein Advisors The Leaders In Pactive Management It is startling that so many investors focus on short-term
More informationRetirement Distribution Income: Enhanced (MAP) Select UMA American Funds (Model Portfolio Provider)
American Funds (Model Portfolio Provider) 333 S Hope Street, 52ND Floor Los Angeles, California 90068 Style: Sub-Style: Firm AUM: Firm Strategy AUM: Global Multi Asset Global Multi Asset Income $1,706.1
More informationSeparately Managed Accounts. Investment Advisory Solutions for Today s Complex Markets
Separately Managed Accounts Investment Advisory Solutions for Today s Complex Markets Contents Consulting Group Overview Resources The GIC and Global Investment Manager Analysis Separately Managed Accounts
More informationCan Behavioral Factors Improve Tactical Performance?
Can Behavioral Factors Improve Tactical Performance? Feb 20, 2018 C. Thomas Howard, Ph.D. CEO and Director of Research AthenaInvest Advisors LLC More and more, Financial Advisors agree that portfolios
More informationMulti-Asset Income Investing
LEADERSHIP SERIES Multi-Asset Income Investing Look for go-anywhere flexibility focused on income and guided by a risk framework Adam Kramer l Portfolio Manager Jim Morrow l Portfolio Manager Ford O Neil
More informationDo You Have Protection from Rising Rates?
Do You Have Protection from Rising Rates? After almost 35 years of declining interest rates, it appears as though the tide has finally turned to a prolonged upward trend. While the bottoming-out process
More informationJacksonville Police & Fire Pension Fund Presentation
NOT FOR PUBLIC DISTRIBUTION. Jacksonville Police & Fire Pension Fund Presentation Presentation to: William M. Bellamy, CFA Director of Income Strategies Matthew Soule, CFA Client Portfolio Manager January
More informationMorningstar Investment Services
Morningstar Core Managed Portfolios Investment Services Peter Dugery Senior Vice President, National Sales Morningstar Investment Services August 21 st, 2012 For financial professional use only. 2012 Morningstar
More informationAn Introduction to Dynamic Overlay
Tactical investment strategy striving to preserve and grow client wealth An Introduction to Dynamic Overlay www.mrminv.com 12444 Powerscourt Drive Suite 350, St. Louis, MO 63131 1-(800) 233-1944 Q4 2018
More informationBOARD OF VISITORS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA
BOARD OF VISITORS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA COMMITTEE MEETINGS Board Rooms - Blow Memorial Hall April 17-19, 2013 INVESTMENTS SUBCOMMITTEE of the COMMITTEE ON FINANCIAL AFFAIRS
More informationAlphaSolutions Sector Rotation Model
AlphaSolutions Sector Rotation Model An investment model based on trending and momentum strategies Portfolio Goals Primary: Seeks long term growth of capital by investing in highranked U.S. Equity Sectors
More informationWhy and How to Pick Tactical for Your Portfolio
Why and How to Pick Tactical for Your Portfolio A TACTICAL PRIMER Markets and economies have exhibited characteristics over the past two decades dissimilar to the years which came before. We have experienced
More informationINDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*
OVERVIEW Index Name: Helios Diversified Index Ticker: Inception Date: September 30, 2003 S&P Launch Date: March 3, 2017 : 45% MSCI ACWI / 25% BBgBarc Agg Bond / 30% Morningstar Div Alts Morningstar SecID:
More informationPortfolio Allocation Models. for Lincoln Financial Group s Variable Life Insurance Products
Portfolio Allocation Models for Lincoln Financial Group s Variable Life Insurance Products 40% (Conservative) Allocation Model M s Portfolio Allocation Models for Lincoln Financial Group s Variable Insurance
More informationInvestors Have Allocated Less to Value
Investors Have Allocated Less to Value by Over $1 Trillion Compared to 10 Years Ago Equity Asset Under Management $20,000,000,000,000 $18,000,000,000,000 $16,000,000,000,000 $14,000,000,000,000 $12,000,000,000,000
More informationFourth Quarter 2015 Market Review. March 2016
Fourth Quarter 2015 Market Review March 2016 Agenda Market Review Investment Outlook and Portfolio Positioning 2 2015 was a Challenging Year for Investment Returns Last year was the first time since 2001
More informationCMG Tactical Rotation Strategy CMG Capital Management Group, Inc. Financial Professional Use Only
CMG Tactical Rotation Strategy About CMG CMG is a Registered Investment Advisor located in King of Prussia, Pennsylvania founded in 1992 by Stephen Blumenthal. Since the beginning, CMG has embraced Uncommon
More informationFortigent Alternative Investment Strategies Model Wealth Portfolios Fortigent, LLC.
Fortigent Alternative Investment Strategies Model Wealth Portfolios Important Disclaimers The information provided is for educational purposes only and is not intended to be, and should not be construed
More informationTHE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 AT MORGAN STANLEY AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT INVESTMENT STRATEGIES Investments and services offered through Morgan
More informationAll Alternative Funds are Not Equal
May 19 New York All Alternative Funds are Not Equal Patrick Deaton, CAIA, Senior Vice President, Alternatives, Neuberger Berman David Kupperman, PhD, Managing Director, Alternatives, Neuberger Berman Today
More informationGlobal Equities. Q&A roadshow #QAroadshow2016. Gavin Marriott Product Manager
Global Equities Q&A roadshow 216 #QAroadshow216 Gavin Marriott Product Manager June 216 For professional advisers only. This material is not suitable for retail clients Questions What will drive global
More informationFactor Mixology: Blending Factor Strategies to Improve Consistency
May 2016 Factor Mixology: Blending Factor Strategies to Improve Consistency Vassilii Nemtchinov, Ph.D. Director of Research Equity Strategies Mahesh Pritamani, Ph.D., CFA Senior Researcher Factor strategies
More informationETF Trend Following. As of January 31,
ETF Trend Following As of January 31, 2015 This presentation does not constitute an offering of securities. The information contained herein is summary in nature. Table of Contents: Page 3: Executive Summary
More informationMoving On Up Investing in Today s Rate Environment
Moving On Up Investing in Today s Rate Environment Presented by PFM Asset Management LLC Steve Faber, Managing Director Gray Lepley, Senior Analyst, Portfolio Strategies September 18, 2018 PFM 1 Today
More informationMANAGED FUTURES INDEX
MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS JULY 2018 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX S&P 500 S&P
More informationCity of LA 457 Plan Plan Structure Review International Equity
August 17, 2010 City of LA 457 Plan Plan Structure Review International Equity Devon Muir, CFA, Los Angeles Eileen Kwei, CFA, San Francisco www.mercer.com Contents Introduction Current Situation International
More informationMulti-Asset Income. Newfound Case ID: December 2015
Multi-Asset Income Newfound Case ID: 4173689 1 December 2015 The Newfound Mission Defensive Simple Consistent Thoughtful In August 2008, Newfound Research was founded based on a simple, but powerful, premise:
More informationMulti-Asset Income NFMAX NFMCX NFMIX. December NLD Review Code: 5088-NLD-02/03/2016 Newfound Case ID:
Multi-Asset Income NFMAX NFMCX NFMIX NLD Review Code: 5088-NLD-02/03/2016 Newfound Case ID: 4226941 1 December 2015 The Newfound Mission Defensive Simple Consistent Thoughtful In August 2008, Newfound
More informationTailwinds Tactical Portfolio Suite
Tailwinds Tactical Portfolio Suite Newfound Case ID: 4176917 1 December 2015 The Newfound Mission Defensive Simple Consistent Thoughtful In August 2008, Newfound Research was founded based on a simple,
More informationPortfolio Construction Including ETFs: Impressive Opportunities and Clear Benefits
Portfolio Construction Including ETFs: Impressive Opportunities and Clear Benefits Rohit Mehta Executive Vice-President, Distribution & Strategy First Asset Investment Management, Inc. ETF AUM over the
More informationMANAGED FUTURES INDEX
MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS JULY 2017 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX S&P 500 S&P
More informationMANAGED FUTURES INDEX
MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS JANUARY 2019 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 140.00% 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX S&P
More informationINDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*
OVERVIEW Index Name: Helios Alpha Index Ticker: Inception Date: September 30, 2003 S&P Launch Date: March 3, 2017 Benchmark: MSCI ACWI Index INDEX PERFORMANCE HISTORY As of: October 31, 2018 DESCRIPTION
More informationUpdate on UC s s Absolute Return Program. 603 Committee on Investments / Investment Advisory Committee February 14, 2006
Update on UC s s Absolute Return Program 603 Committee on Investments / Investment Advisory Committee February 14, 2006 AGENDA Page I. Understanding of Absolute Return as an Asset Class 3 II. Review of
More informationTactical Stocks-Bonds Strategy
Tactical Stocks-Bonds Strategy FACT SHEET December 31, 2017 60 State Street, Suite 700 Boston, Massachusetts 02109 team@modelcapital.com 617-854-7417 http://modelcapital.com/ FIRM S INVESTMENT PHILOSOPHY
More informationFundSource. Professionally managed, diversified mutual fund portfolios. A sophisticated approach to mutual fund investing
FundSource Professionally managed, diversified mutual fund portfolios Is this program right for you? FundSource is designed for investors who: Want a diversified portfolio of mutual funds that fits their
More informationASSET ALLOCATION STRATEGIES THE ART OF DIVERSIFICATION
ASSET ALLOCATION STRATEGIES THE ART OF DIVERSIFICATION Potential Advantages of Diversification Individual asset classes tend to historically perform differently depending on market conditions. A portfolio
More informationWhy fight the Fed and the market? The case for loans as rates rise.
EATON VANCE APRIL 2018 TIMELY THINKING Why fight the Fed and the market? The case for loans as rates rise. SUMMARY The recent federal tax cuts and budget agreement represent major stimulative fiscal measures,
More informationTHE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY
Morgan Stanley 20 Linden Place Red Bank, NJ 07701 (732) 936-3400 THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY THE DURSO WEALTH MANAGEMENT GROUP AT MORGAN STANLEY DISCRETIONARY PORTFOLIO MANAGEMENT
More informationFund Size $ mil. November Fund Performance Summary Gross of Fees
November 2017 Fund Performance Summary Gross of Fees Australian Equity - Scientific BlackRock Australian Alpha Tilts Fund BGL0006AU 425.9 1.21 6.15 8.36 12.27 7.14 16.91 13.16 9.88 11.44 10.55 31-Oct-97
More informationTrading Volatility: Theory and Practice. FPA of Illinois. Conference for Advanced Planning October 7, Presented by: Eric Metz, CFA
Trading Volatility: Theory and Practice Presented by: Eric Metz, CFA FPA of Illinois Conference for Advanced Planning October 7, 2014 Trading Volatility: Theory and Practice Institutional Use Only 1 Table
More informationWealthBuilder SM Funds
Semi-Annual Report November 30, 2017 WealthBuilder SM Funds Wells Fargo WealthBuilder Conservative Allocation Fund Wells Fargo WealthBuilder Equity Fund Wells Fargo WealthBuilder Growth Allocation Fund
More informationInvestment Choices for the Conservative Investor
Investment Choices for the Conservative Investor Updated for FTJ FundChoice through December 31, 2015 Table of Contents» Our Perspectives» Our Organization» Our Process» Our Product Ocean Park Balanced
More information4Q17 Global & International Equity GLOBAL EQUITY. 10+ Years of Providing High Income Through Global Dividends
4Q17 Global & International Equity GLOBAL EQUITY INCOME FUND 10+ Years of Providing High Income Through Global Dividends A: HFQAX C: HFQCX I: HFQIX N: HFQRX S: HFQSX T: HFQTX Overall Morningstar Rating
More information2017 Kerns Capital Management, Inc. July 2017 Investor Presentation
July 2017 Investor Presentation Table of Contents 1. Executive Summary.............. 1.1 History.......... 1.2 Buy/Sell Discipline........ 2. Investment Strategy... 2.1 Assessment and Implementation 2.2
More informationVideo: GIC Wealth Management Perspectives
GLOBAL INVESTMENT COMMITTEE FEB.8, 2017 Video: GIC Wealth Management Perspectives Video: The Case for Active Management A new video takes a deep dive into the drivers of recent Active Manager underperformance
More information