A top-down approach that integrates both qualitative and fundamental research tracking changes in consumer behavior and seeks to identify U.S. based companies with a typical market cap over $10 billion.
PENCE All Equity SMA
Large-cap growth investment approach
- Standard allocations in this composite are generally up to 90% equity and up to 10% cash.
- During periods of volatility, higher cash positions may be held to limit downside.
Asset Allocation
As of 06/30/2022
Characteristics
Portfolio
Weighted Average Capital ($MM)
209,212.2
Price/Earning %
20.76
Price/Book %
4.48
Price/Sales %
1.71
Price/Cash Flow %
13.17
Dividend Yield %
1.39
Projected Earnings %
13.41
Book Value %
9.68
Sales %
10.38
Cash-Flow %
16.90
Trailing Earnings
38.06
As of 06/30/2022
Sector Weightings (%)
Portfolio
Basic Materials
0.05
Consumer Cyclical
10.2
Financial Services
8.6
Real Estate
0.0
Communication Services
15.6
Energy
5.6
Industrials
26.7
Technology
14.7
Consumer Defensive
2.5
Healthcare
15.5
Utilities
0.0
As of 06/30/2022
Disclosure
The composite Benchmark is currently 90% S&P 500 Index TR, and 10% 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 90% equity and up to 10% 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 09/01/2018.
Subscribe
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.
Get in touch