How These ‘Tactical Allocation’ Funds Beat the Market
- Tactical Allocation Funds: These funds shift between stocks, bonds, cash, and alternative assets like commodities, leading to varying returns.
- Performance in 2022: While most large-cap stock funds dropped over 10% in 2022, the top-performing Tactical Allocation fund was up 6.9%, with the worst performer down 46.2%.
- Market Expectations: Blue-chip stock funds offer predictable outcomes in market fluctuations, unlike Tactical Allocation funds which can be more volatile.
- Diversification Impact: Tactical Allocation funds' aggressive shifts can result in a wide range of returns for investors.
- Morningstar's Insights: Morningstar categorizes these funds based on their strategies and performance, providing investors with valuable information for decision-making.
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Simple Income Portfolio: November 2025 Update
Portfolio Performance: The November Easy Income Portfolio Review highlights a focus on generating reliable income through a diverse mix of assets, including private credit, midstream oil and gas, and residential mortgage-backed securities, despite market volatility and macroeconomic concerns.
Key Holdings and Updates: Significant updates include the merger of Tortoise Energy Infrastructure Corp. (TYG) which raised its monthly distribution, and continued strong performance from various funds like the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and the Special Opportunities Fund (SPE).
Market Trends: The review notes a stable environment for corporate credit markets, with tightening spreads and consistent income from investment-grade and high-yield positions, while also emphasizing the potential in discounted closed-end funds and community bank debt.
Investment Strategy: The strategy remains focused on owning real assets, maintaining disciplined credit practices, and capitalizing on discounts with catalysts, ensuring steady cash flow amidst broader market distractions.
Simple Income Portfolio: Update for September 2025
Market Overview: September has shown mixed signals in global markets, with persistent inflation and volatility in long-term Treasury yields. The Federal Reserve has not yet implemented expected rate cuts, leading to fluctuations in equity and credit markets.
Investment Strategies: The Easy Income Portfolio is well-positioned for current market conditions, focusing on preferreds, BDCs, structured credit, and real assets to provide income and resilience against rate volatility.
Saba Capital Management: Founded by Boaz Weinstein, Saba Capital is known for its activism in closed-end funds, targeting those trading at discounts to net asset value and advocating for shareholder rights through various strategies, including proxy battles.
Performance of Specific Funds: Various funds, such as BANX, JRI, and PFFA, are highlighted for their stability and income generation, while others like REM and SPE face challenges due to market volatility and interest rate pressures.
Easy Income Portfolio: March 2025 Update - "Still Clipping Coupons, Still Getting Paid"
EZ Income Portfolio Performance: The EZ Income Portfolio continues to generate substantial income while avoiding the volatility associated with growth stocks, emphasizing the value of stability in income-focused investments.
Market Insights on Credit and Bonds: The bond market shows steady rates with potential cuts anticipated, while high-yield credit spreads remain tight despite emerging risks; investors are advised to focus on quality and avoid risky sectors.
A U.S. Hedge-Fund Star Wants to Rescue British Investors. They Should Thank Him and Leave.
Controversy in the Fund Industry: The closed-end fund industry in Britain is facing a contentious debate over whether it should be saved, fueled by Boaz Weinstein of Saba Capital Management, who is passionate about investing in these funds.
Impact of American Investment: The involvement of American money raises questions about its potential to either rescue or further harm the struggling British closed-end fund sector.
How These ‘Tactical Allocation’ Funds Beat the Market
- Tactical Allocation Funds: These funds shift between stocks, bonds, cash, and alternative assets like commodities, leading to varying returns.
- Performance in 2022: While most large-cap stock funds dropped over 10% in 2022, the top-performing Tactical Allocation fund was up 6.9%, with the worst performer down 46.2%.
- Market Expectations: Blue-chip stock funds offer predictable outcomes in market fluctuations, unlike Tactical Allocation funds which can be more volatile.
- Diversification Impact: Tactical Allocation funds' aggressive shifts can result in a wide range of returns for investors.
- Morningstar's Insights: Morningstar categorizes these funds based on their strategies and performance, providing investors with valuable information for decision-making.
How These ‘Tactical Allocation’ Funds Beat the Market
- Tactical Allocation Funds: These funds shift between stocks, bonds, cash, and alternative assets, leading to a wide variance in returns.
- Analyzing Tactical Funds: Analyzing these funds can be challenging due to shifting portfolios, with varying strategies and risk metrics.
- Investment Strategies: Some tactical funds invest in closed-end funds to exploit price discounts, affecting expense ratios and returns.
- Manager Experience: Manager experience is crucial for making tactical calls, with examples like Leuthold Core having long-standing strategies and experienced co-managers.
- Performance Comparison: Tactical funds aim for downside protection; for instance, Leuthold had lower losses compared to peers during market downturns.
Simple Income Portfolio: November 2025 Update
Portfolio Performance: The November Easy Income Portfolio Review highlights a focus on generating reliable income through a diverse mix of assets, including private credit, midstream oil and gas, and residential mortgage-backed securities, despite market volatility and macroeconomic concerns.
Key Holdings and Updates: Significant updates include the merger of Tortoise Energy Infrastructure Corp. (TYG) which raised its monthly distribution, and continued strong performance from various funds like the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and the Special Opportunities Fund (SPE).
Market Trends: The review notes a stable environment for corporate credit markets, with tightening spreads and consistent income from investment-grade and high-yield positions, while also emphasizing the potential in discounted closed-end funds and community bank debt.
Investment Strategy: The strategy remains focused on owning real assets, maintaining disciplined credit practices, and capitalizing on discounts with catalysts, ensuring steady cash flow amidst broader market distractions.
Simple Income Portfolio: Update for September 2025
Market Overview: September has shown mixed signals in global markets, with persistent inflation and volatility in long-term Treasury yields. The Federal Reserve has not yet implemented expected rate cuts, leading to fluctuations in equity and credit markets.
Investment Strategies: The Easy Income Portfolio is well-positioned for current market conditions, focusing on preferreds, BDCs, structured credit, and real assets to provide income and resilience against rate volatility.
Saba Capital Management: Founded by Boaz Weinstein, Saba Capital is known for its activism in closed-end funds, targeting those trading at discounts to net asset value and advocating for shareholder rights through various strategies, including proxy battles.
Performance of Specific Funds: Various funds, such as BANX, JRI, and PFFA, are highlighted for their stability and income generation, while others like REM and SPE face challenges due to market volatility and interest rate pressures.
Easy Income Portfolio: March 2025 Update - "Still Clipping Coupons, Still Getting Paid"
EZ Income Portfolio Performance: The EZ Income Portfolio continues to generate substantial income while avoiding the volatility associated with growth stocks, emphasizing the value of stability in income-focused investments.
Market Insights on Credit and Bonds: The bond market shows steady rates with potential cuts anticipated, while high-yield credit spreads remain tight despite emerging risks; investors are advised to focus on quality and avoid risky sectors.
A U.S. Hedge-Fund Star Wants to Rescue British Investors. They Should Thank Him and Leave.
Controversy in the Fund Industry: The closed-end fund industry in Britain is facing a contentious debate over whether it should be saved, fueled by Boaz Weinstein of Saba Capital Management, who is passionate about investing in these funds.
Impact of American Investment: The involvement of American money raises questions about its potential to either rescue or further harm the struggling British closed-end fund sector.
How These ‘Tactical Allocation’ Funds Beat the Market
- Tactical Allocation Funds: These funds shift between stocks, bonds, cash, and alternative assets like commodities, leading to varying returns.
- Performance in 2022: While most large-cap stock funds dropped over 10% in 2022, the top-performing Tactical Allocation fund was up 6.9%, with the worst performer down 46.2%.
- Market Expectations: Blue-chip stock funds offer predictable outcomes in market fluctuations, unlike Tactical Allocation funds which can be more volatile.
- Diversification Impact: Tactical Allocation funds' aggressive shifts can result in a wide range of returns for investors.
- Morningstar's Insights: Morningstar categorizes these funds based on their strategies and performance, providing investors with valuable information for decision-making.
How These ‘Tactical Allocation’ Funds Beat the Market
- Tactical Allocation Funds: These funds shift between stocks, bonds, cash, and alternative assets, leading to a wide variance in returns.
- Analyzing Tactical Funds: Analyzing these funds can be challenging due to shifting portfolios, with varying strategies and risk metrics.
- Investment Strategies: Some tactical funds invest in closed-end funds to exploit price discounts, affecting expense ratios and returns.
- Manager Experience: Manager experience is crucial for making tactical calls, with examples like Leuthold Core having long-standing strategies and experienced co-managers.
- Performance Comparison: Tactical funds aim for downside protection; for instance, Leuthold had lower losses compared to peers during market downturns.
