Building America Strategy

This strategy is focused on companies we believe may benefit from “Building America” through infrastructure projects including civil construction and engineering and the sale of construction materials.

The portfolio is built by analyzing fundamentals of companies expected to maintain pricing power over the long-term time horizon based on their competitiveness and on market demand for their capabilities. These companies have demonstrated earnings consistency with strong balance sheets and forward-looking revenue growth potential.

  • In 2014, urban congestion cost the country $160 billion in wasted time and fuel, according to INRIX. The average American household today loses 6% of its pre-tax income every year due to inadequate infrastructure spending.
  • According to the American Society of Civil Engineers, the U.S. needs to spend $4.6 trillion over the next 10 years just to avoid further waste of “livability”
  • Given that approximately half of the country’s infrastructure spending is funded by the federal government, major responsibility lies with Washington.

*Source: Infrastructure Report Card

Almost 40% of all bridges in this country are over 50 years old*

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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