Defensive Growth
Investment Objective: The strategy’s investment objective is to provide a combination of long-term capital appreciation and current income.
Investment Description: The strategy invests predominately in large-cap, dividend-paying equity securities, preferred stock and other fixed income securities, primarily in U.S.-based companies. The strategy has the flexibility to invest across all sectors and market capitalizations, in addition to holding cash, cash equivalents and ETFs.
Performance Composite Definition: The Defensive Growth performance composite includes all portfolios invested in the Defensive Growth strategy. For performance purposes, portfolios enter the Defensive Growth performance composite on the first day of the first full quarter of management. Portfolios are removed upon completion of the last full quarter of performance.
Performance: Performance quoted is past performance. Past performance is not indicative of future performance. Current performance may be lower or higher than performance shown. Differences in performance versus the indices may be attributable, in part, to differences in the asset make-up of the Defensive Growth strategy vs. the indices. Performance calculations are based on the reinvestment of dividends and gains unless these amounts were paid out to the client. Performance is subject to revision.
Fee: The normal fee schedule for the Defensive Growth strategy is 1.00% on the first $2 million, .75% on amounts greater than $2 million but less than $5 million, and .50% for amounts over $5 million. Individual fee arrangements may vary from this schedule.
Disclaimer: Investing involves risk; principal loss is possible. The prices of equity securities are sensitive to a wide range of factors, from economic to company-specific news, and can fluctuate repeatedly and unexpectedly, causing an investment to decrease in value. The principal risks of investing in fixed income include interest rate risk: the value of fixed income securities is impacted by changes in interest rates. Bonds with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise. Other risks include call risk, credit risk, liquidity risk and market risk. In general, the risks of investing in preferred securities are similar to those of investing in bonds, including credit risk and interest rate risk. As nearly all preferred securities have issuer call options, call risk, income risk and reinvestment risk are also important considerations. In addition, investors face equity-like risks, such as deferral or omission of distributions, subordination to bonds and other more senior debt, and higher corporate governance risks with limited voting rights. Investors should consider the investment objectives, risk, charges, and expenses of this strategy carefully before investing. This and other important information can be obtained by contacting Ulland Investment Advisors.
More Information: This does not constitute a recommendation of any investment strategy or product for a particular investor. To obtain more information regarding the Defensive Growth strategy, and/or Ulland Investment Advisors, please call Nat Beebe at 612.312.1402 or e-mail nat.beebe@ullandinvestment.com.
