West Coast Asset Management (WCAM) offers a transparent and liquid alternative to stocks and low yielding fixed income investments by constructing individual portfolios of select corporate bonds with a small allocation to higher yielding preferred and common stocks.
SEPARATELY MANAGED ACCOUNTS
- Individual positions offer full transparency & liquidity
- Daily monitoring and pricing
- Quarterly rebalancing
CORPORATE BONDS
80% of Portfolio
- Average maturity < 2.5 years
- No maturities > 5 years
- In-house research and decision making
- No individual position > 10% of portfolio
- No industry exposure > 20% of portfolio
- No investment in banks, insurance, airlines, auto, foreign or derivatives
DIVIDEND PAYING PREFERRED & COMMON STOCKS
20% of Portfolio
- Target undervalued, resilient businesses with attractive dividend yields
- No individual position > 5% of portfolio • no industry exposure > 10% of portfolio
DISTINGUISHING FEATURES
- Higher yield compared to alternatives
- Immediate liquidity available
- Protection against rising interest rates and inflation
- Understandable portfolio of investments
- Entire universe of potential investments evaluated
- Total industry exposure < 20%
