The High Yield Corporate Bond strategy aims to create income-producing portfolios whose returns exceed the ICE Bank of America High Yield II Master Index. Investments include high yield bonds, investment grade bonds, preferred stocks, and bond ETFs. Portfolio managers employ credit and relative-value analysis to find undervalued securities and actively manage the portfolio to limit volatility risk.
The Tactical Global Equity strategy seeks to outperform the S&P 500 with less volatility over the long term. It is comprised primarily of exchange traded funds with the capability of investing in individual equities that are hand-picked to suit the portfolio. Equity exposure ranges from 75% to 100% and is diversified geographically as well as across industries.
The Intermediate Municipal Bond strategy seeks to generate after‐tax income by investing in tax‐exempt municipal bonds. Capital preservation is an important secondary objective. In addition to investment grade tax‐exempt municipal bonds, the strategy allows for investment in taxable securities. It uses relative value analysis and credit research to identify undervalued securities within specific market sectors, yield curve ranges, and credit bands.
The Sunnymeath Value Equity strategy strives to outperform the broad market over a full market cycle and to provide competitive risk-adjusted returns. The strategy invests in small-, mid-, and large capitalization value equities, letting valuation and return opportunities drive the disciplined investment process.
- Second Quarter 2018 Municipal Bond Market Commentary by Tom Dalpiaz (July 18th)
- Second Quarter 2018 High Yield Market Commentary by Randy Masel (July 13th)
- Second Quarter 2018 Equity Market Commentary by James O'Mealia (July 10th)
Results are based on fully discretionary accounts under management. Returns are presented net of management fees and include the reinvestment of all income. Net-of-fee performance is calculated using actual management fees. Additional information regarding the policies for calculating and reporting returns is available upon request. Past performance is not indicative of future results.
The specific manner in which investment advisory fees are charged by Granite Springs Asset Management, LLC is established in each client’s respective Investment Advisory Contract (IAC). Actual investment advisory fees incurred by clients may vary. Investment advisory fees are negotiable. Additional information on Granite Springs Asset Management, LLC's investment advisory fees can be found on its Form ADV, Part 2A.
See each strategy page for strategy-specific disclaimer.