Income
What is it?
- Ethical Capital’s best income-producing ideas in a concentrated strategy.
- A core strategy suitable for clients seeking income.
- Younger and less impactful than our flagship strategy, but tactically valuable.
What's Inside?
This strategy has the flexibility to invest in a lot of different income generating securities. Just in case you’re worried: none of them require you to file K-1 tax forms. Or involve twisted moral bargains.
Here’s an overview of what could be inside:
These are loans to companies, often made through bond funds or ETFs that have been screened on ethical criteria.
Preferred stocks are hybrid securities that blend characteristics of stocks and bonds. They generally have the following differences from common stocks:
- Higher dividends.
- No voting rights.
- Bought primarily for income (vs. appreciation).
When preferred stock is issued by companies we regard highly, we usually aren’t as concerned about voting rights.
Sometimes it makes sense to pool smaller loans together into one fund for easier liquidity. These funds can concentrate their loans on certain industries or communities, which may make them compelling from time to time net of the fees they often charge (which we derive no compensation from).
Performance
Key Statistics
January 2024
Inception
3-10
Positions
>6.7%
Yield as of 2 Sep 2024
Portfolio Manager
Sloane Ortel
Founder & Chief Investment Officer
Portfolio Manager since inception.
Strategic Insights
What We Own Right Now and Why
A summer update on the holdings in our flagship global opportunity strategy.
Where Returns Came from in 2023
Sloane takes a look at where our global opportunity strategy’s performance came from in 2023.