Income Strategy
Income Strategy
Purpose
Pursue current income and capital preservation with creative flexibility to invest across traditional and non-traditional categories.
Perspective
- Unconstrained approach to income generation
- 87.8% of portfolio in high-yield assets (5%+ yield)
- Tail risk hedging provides downside protection
Performance (net of fees through Aug 2025)
As-of date applies to all stats and charts.
Top holdings
| Security | Weight |
|---|---|
| Closed-End Fund A | 34.1% |
| Closed-End Fund B | 23.2% |
| REIT Preferred Securities | 30.5% |
| Tail Risk Hedge | 12.2% |
Theme mix
Net of fees through Aug 2025
Annualised returns
| YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since inception | |
|---|---|---|---|---|---|---|
| Strategy | +5.6% | +2.8% | — | — | — | +6.8% |
| Benchmark | +5.0% | +3.2% | — | — | — | +3.6% |
| Excess | +0.7% | -0.3% | — | — | — | +3.3% |
Based on 20 monthly net returns (1.7 years) covering Jan 2024 – Aug 2025. Limited history: Strategy has less than 3 years of track record.
Data Lineage
Performance data sourced from separately managed account records. Returns are net of 1.00% annual management fee. Benchmark returns represent total return with reinvested dividends (Bloomberg US Aggregate Bond Index). Calculations follow standard industry methodology for annualized returns and risk metrics.
Disclosures
Past performance is not indicative of future results. Returns are net of management fees where noted and include dividends when stated. Benchmarks include reinvested dividends. Investing involves risk, including loss of principal. This is not an offer to sell or a solicitation to buy any security. You cannot invest directly in an index.
Questions? Email hello@ethicic.com.