PENCE Balanced SMA

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.

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
Total Holdings
55

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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Strategies

Our investment strategies seek to capitalize on thematic, long-term investment trends built on a close study of human behavior.
Ubiquitous Strategy
Ubiquitous Strategy Finds investment opportunity in stocks of “ubiquitous” companies—those whose services have become part of our daily lives and whose position at the choke point in the supply chain gives them pricing power.
Recovery Strategy
Recovery Strategy Developed in response to market volatility. The strategy invests in companies that have been especially impacted by COVID-19 but which we believe are well-positioned to recover over the next two years.
Content Leaders Strategy
Content Leaders Strategy Seeks above-average capital appreciation by investing in stocks of U.S. companies that are dominant in the media content arena, including television producers, filmmakers, content libraries, broadcast channels and delivery platforms.
Transformers (TRFM) ETF
Transformers (TRFM) ETF Seeks above-average total return by investing in stocks of global companies that benefit from shifts in consumer behavior and technological innovation.
Digital World Leaders Strategy
Digital World Leaders Strategy Finds mega-platform providers that have the resources to evolve, transform, and acquire as technology advances and consumer demand shifts.
Building America Strategy
Building America Strategy Invests in stocks of companies that can benefit from “Building America” through infrastructure projects including civil construction and engineering, and the sale of construction materials.
Human Behavior Strategy
Human Behavior Strategy Focuses on companies that derive the majority of their revenue through sales to U.S. consumers, fulfilling the different levels of human need in a variety of income categories.

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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