Strategic Asset Management Profile Picture Investment Adviser

Strategic Asset Management

Strategic Asset Management


Strategic Dividend Growth


  • Asset class Equity
  • Strategy Yield
The Strategic Dividend Growth portfolio typically invests in companies with increasing dividends that I believe offer a combination of an attractive yields at attractive prices. I make my decisions using a combination of metrics and my own research techniques.
I first use screens that help me to narrow down a list of research candidates based on dividends paid, earnings growth, and balance sheet metrics. Then I invest in the stocks that I believe are likely to pay sustainable dividends that may increase over time.
My screens help me identify stocks that are attractive based on dividend growth, earnings yield, current yield and other metrics. Additional research work screens out those companies that do not have strong franchises, and management teams -- ones that I believe are likely to
continue paying dividends in the future. I also will consider macro events and trends in making final buy/sell and allocation weight decisions.
My portfolio typically holds about 50 positions. No one company typically makes up more than 5% of the portfolio. The portfolio will be somewhat diversified by industry group and sector, although sector weights will often differ from the S&P 500.
I typically will sell a stock if its dividend is cut or its dividend yield falls below the average yield for the S&P 500. I may also sell if my research suggests that the dividend payments cannot be sustained, or if I find another stock that I believe is a better investment. I may, however, hold onto a stock a little longer and/or slowly trim the position over time if it is rising strongly relative to the broad market.
During periods of recession the requirement for dividend growth will be slightly relaxed. International corporations that pay on irregular schedules and/or varying amounts will be held to the spirit of the rules laid out above. Quite often interim dividends vary in timing and amount; this will not cause the automatic ejection of a position.

Performance

1.8%

Month to date

MTD

5.7%

Quarter to date

QTD

12.0%

Year to date

YTD

Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 8.1%

    Best quarter

  • -10.2%

    Worst quarter

  • $30,000 investment min
  • 1% fee

Performance detail

  • Manager (net of fees )

Exposure

34.2%
19.9%
9.3%
7.6%
6.5%
  • Energy
  • REIT
  • Technology
  • Basic Materials
  • Financial

Top 5 securities

3.9%
3.4%
3.2%
3.1%
3.0%
View all

Performance Portfolio inception October 28, 2013

as of May 24, 2016 Manager (net of fees ) S&P 500
Month-to-date 1.8% 0.5%
Quarter-to-date 5.7% 0.8%
Last 365 Days -1.7% -2.4%
Since inception (Annualized) 2.9% 6.6%
2016 (YTD) 12.0% 1.6%
2015 -12.6% -0.7%
2014 7.3% 11.4%

Risk metrics Last 365 days

as of May 24, 2016 Manager (net of fees ) S&P 500
Volatility 18.1% 16.7%
Sharpe Ratio - 0.11 - 0.16
Sortino Ratio - 0.18 - 0.23
Maximum Drawdown -22.3% -14.1%
Value-at-risk (95%, 1 week) -4.2% -3.9%
vs. S&P 500
Information Ratio 0.08
Alpha 0.9%
Beta 0.96
R-Squared 0.78

Latest transactions Average trades per month 3.3

Executed Symbol Security Type Price
05/13/16 OKE ONEOK Inc Buy $40.89
05/13/16 LXP Lexington Realty Trust Sell $9.37
05/13/16 PSX Phillips 66 Buy $78.12
05/13/16 JNJ Johnson & Johnson Sell $113.60
05/13/16 KMB Kimberly-Clark Corp Sell $129.40
03/18/16 MSFT Microsoft Corp Sell $53.60
03/18/16 TRGP Targa Resources Corp Buy $30.30
03/11/16 EEQ Enbridge Energy Management LLC Buy $17.52
View all


Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the Portfolio Manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. For certain portfolios we use an investable ETF as a benchmark, in these cases returns include management fees, transaction costs and expenses.