A top-down approach that integrates both qualitative and fundamental research tracking changes in consumer behavior and seeks to identify large cap growth stocks and sector and/or country ETFs or Mutual Funds.
PENCE Balanced SMA
Long-term growth investment approach
- Standard allocations in this composite are generally up to 60% equity and up to 40% fixed income and/or cash.
- Fixed income selections are typically in the form of an ETF and/or Mutual Fund, varying in duration and credit quality profile depending on market conditions.
- During periods of volatility, higher cash positions may be held to limit downside.
Asset Allocation
As of 06/30/2022
Characteristics
Portfolio
Weighted Average Capital ($MM)
226,083.1
Price/Earnings %
17.50
Price/Book %
3.12
Price/Sales %
1.61
Price/Cash Flow %
11.34
Dividend Yield %
2.10
Projected Earnings %
15.22
Book Value %
6.17
Sales %
5.72
Cash Flow %
8.94
Trailing Earnings
25.70
As of 06/30/2022
Sector Weightings (%)
Portfolio
Basic Materials
0.5
Consumer Cyclical
15.5
Financial Services
12.1
Real Estate
0.03
Communication Services
18.8
Energy
7.1
Industrials
14.5
Technology
14.9
Consumer Defensive
3.3
Healthcare
13.0
Utilities
0.1
As of 06/30/2022
Disclosure
The composite Benchmark is currently 60% S&P 500 Index TR, and 40% Barclays Aggregate Total Return, rebalanced monthly. This has been the Benchmark for this composite since inception. The S&P 500 Index is a market capitalization weighted index that is designed to measure the equity market performance of United States companies. The Barclays Aggregate Total Return Index is a market cap weighted index measuring the aggregate performance of the U.S. investment grade bond market. Securities in this composite have a focus towards Large Cap Growth with approximately 25-35 equity holdings. Standard allocations in this composite are generally up to 60% equity and up to 40% fixed income. During periods of volatility higher cash positions may be held to limit downside. Equities selected for the composite typically focus on higher earnings growth and/or sales growth over a 3-5- year investment horizon. We may utilize all equity sector and/or country ETFs or Mutual Funds. Fixed income selections for the composite are typically in the form of an ETF and/or Mutual Fund, varying in duration and credit quality profile depending on market conditions.
The composite creation and implementation date is 08/01/2019.
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How to invest
Pence Capital Management develops investment strategies for distributors and model portfolios for advisors. To invest in Pence Capital Management Strategies, please contact your broker or advisor.
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