GROWTH WITH INCOME PORTFOLIO

GOAL

Returns comparable to the S&P 500 Index, with less volatility.

INVESTMENT OBJECTIVE DESCRIPTION

Primary emphasis on modest capital growth; secondary focus on generation of current income. Focus on high quality equities and fixed income instruments. Low to moderate exposure to interest rate risk; moderate to high exposure to market risk. Exposure to foreign risk and/or currency risk likely.

INVESTOR PROFILE

This diversified portfolio is suitable for investors with a moderate tolerance for risk and/or a need for income from their investments.

INVESTMENT MINIMUMS

Standard Commission-Based Brokerage Account: $100,000
Premier Asset Managed Account: $250,000

MANAGEMENT STYLE

For this portfolio we start with our macro-economic outlook. This work establishes parameters for weights between different asset classes and asset types within the classes. We emphasize investments in long-trending sectors and layer portfolios in long-term, intermediate-term, and short-term opportunities.

We use fundamental and technical analysis in conjuncture with our macroeconomic work. Traditional fundamental analysis is used to select companies in sectors with strong long term prospects. Technical analysis is used to help determine entry and exit points in positions.

The growth of portfolio assets is the primary consideration; income generation is a secondary objective.

During times of increased volatility we will deploy several strategies to protect client assets. Downside protection can be attained through put protection, increased cash positions or inverse ETF (exchange-traded fund) strategies. These strategies can result in increased trading activity and additional transaction costs.

ASSET CLASSES

Cash and cash equivalents
Fixed-interest securities (primarily bonds, both foreign and domestic)
Stocks (primarily large-cap, international companies with longstanding dividend payment policy)
Natural resources
Precious metals (stock and bullion/coins)
Industrial metals/infrastructure
Options (covered calls to generate income, put options to mitigate downside risk)
Currencies

Other investment products may be considered to be appropriate investment vehicles under specific situations.

Although portfolio holdings are generally long, occasional short index or ETF positions may be warranted by market conditions.

INCEPTION DATE

31 December 1997

PORTFOLIO MANAGER

Jim Puplava managed the portfolio from its inception through September 2010. Tom Smith has managed the portfolio since September 2010.

CONTACT US

If you are interested in this portfolio, please complete our Invest with Us inquiry form or call us directly at (888) 486-3939 or (858) 487-3939.