Capital Income

Strategy Description
The Capital Income strategy, launched in 2010, leverages our expertise in researching equity and high-yield securities to construct a portfolio emphasizing high current income. The majority of the portfolio is invested in dividend-paying stocks and high-yield credits. Up to 20% can be invested in other corporate income-producing securities such as preferred equities and convertible bonds. While our focus is on income generation, we seek undervalued securities with the potential for price appreciation. Capital Income employs a bottom-up, flexible asset allocation methodology, supplemented by a quantitative asset allocation model.
 

What to Expect

• A focus on income generation
• 40–60% invested in dividend-paying value equities (25–50 stocks)
• 40–60% invested in high-yield corporate securities (75–100 bonds)
• Thoroughly researched ideas vetted by an experienced team of 20 investment analysts

Read more about the capital income strategy