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Ann Schreiber

Power Factor All Cap Rising Dividend SMA: Unleashing the Potential of Rising Dividends

Updated: Feb 6

Are you seeking a smart investment strategy that offers the potential for growth and a reliable income stream? Look no further than the Power Factor All Cap Rising Dividend SMA by WBI. This innovative approach is designed to harness the power of rising dividends while optimizing long-term performance.


A Focus on Rising Dividends

The Power Factor All Cap Rising Dividend SMA prioritizes companies with a consistent history of increasing dividend payouts. By investing in dividend-growth leaders such as Eagle Materials Inc, NXP Semiconductors NV and PACCAR Inc, the strategy aims to unlock the dual benefits of steady income and potential capital appreciation. The strategy received an overall 5-Star Morningstar RatingTM as of December 31, 2023 based on risk-adjusted returns out of 372 SMAs in the Tactical Allocation Morningstar category. The Power Factor All Cap Rising Dividend SMA strives for a harmonious balance between growth potential and income generation, making it a compelling choice for investors seeking potential for both long-term appreciation and a sustainable income course.


Data Driven Approach

Powered by advanced technology, the strategy uses quantitative analysis and multi-factor evaluation to identify undervalued stocks with strong fundamentals. We believe the result is a well-balanced portfolio with attractive sales dynamics (P/S Ratio = 3.26), high free cash flow (P/FCF = 16.99), and low P/E multiples (17.91).


Compelling Performance

The Rising Dividend SMA has demonstrated steady growth and income to investors. The strategy has achieved a remarkable return of 19.30% for 2023 net of fees*, showcasing its ability to thrive even in dynamic market conditions, performing competitively to the S&P 500 at 26.29%.The strategy achieved strong trailing returns of 10.96% annualized over three-years, which is slightly more compared to the S&P 500 at 10.00%. The Rising Dividend SMA also gained 7.85% since its inception in April 2019 (compared with 12.77% for the S&P 500 in the same timeframe), which demonstrates the strategy’s design to navigate market fluctuations while aiming for consistent growth.

Morningstar, 12/31/23. Net of fees. Past performance is not indicative of future results.

Notably, the SMA’s performance stands out with a lower max drawdown of -17.63% over a three-year period, compared to the S&P 500’s max drawdown of -23.87% over the same period, highlighting the strategy’s ability to navigate volatile market conditions and manage risk effectively. Moreover, the SMA’s focus on rising dividends has resulted in a competitive trailing 12-month dividend yield of 2.43%, supporting the strategy’s goal for a reliable stream of income.


Emotion Free Investing

The Rising Dividend SMA is managed systematically by our proprietary investment technology. Investment decisions are driven by data, not emotion. Quarterly rebalancing maintains a value bias and focus on quality companies, further optimizing the portfolio.


Embrace the Power Factor All Cap Rising Dividend SMA for a comprehensive investment journey that combines steady income, potential capital appreciation, and disciplined portfolio management. Discover the confidence it can bring to your financial future.


To learn more about WBI Investments and the Power Factor All Cap Rising Dividend SMA, visit https://www.wbiinvestments.com/rising-dividend.






Disclosure


Recipients should not rely solely on this material in making any future investment decision.


All performance and portfolio statistics are as of December 31, 2023 unless otherwise noted.

Stats shown are a snapshot of the portfolio as of this date, and are subject to change.


*WBI performance shown is net composite performance, net of WBI’s maximum investment management fees. See additional disclosures on the strategy’s fact sheet.


Past performance does not guarantee future results. This is not an offer to buy or sell any security. No security or strategy, including those referred to directly or indirectly, is suitable for all accounts or profitable all of the time and there is always the possibility of loss. You should not assume that any discussion or information provided here serves as a substitute for personalized investment advice from WBI or any other investment professional. If you have questions regarding the applicability of specific issues discussed to your individual situation, please consult with WBI or your chosen professional advisor. This information is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. Additional information about WBI’s advisory operations, services, conflicts of interest and fees are in the Form ADV, which is available upon request or on the SEC's website at www.adviserinfo.sec.gov. WBI is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training.


Indices are unmanaged and may not be invested in directly. Indices used to benchmark performance do not reflect the deduction of transaction and custodial charges or investment management fees, which would reduce performance results. Because the strategy involves active management of a potentially wide range of assets, no widely recognized benchmark is likely to represent performance of any managed account. WBI managed accounts may own assets and follow investment strategies which cause them to differ materially from the composition and performance of the benchmarks shown.


© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub-accounts, exchange-traded funds, closed- end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Other strategies may have different results.


Comments


Unless otherwise indicated all performance is sourced from Bloomberg.

Disclosure

The views presented are those of the authors and webinar or podcast hosts/participants, and should not be construed as investment advice. The authors, podcast participants, webinar hosts, or clients of WBI Investments, LLC (WBI) may own stock discussed in these insights. WBl is an investment adviser in New Jersey. WBl is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. WBl only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of WBI's current written disclosure brochure filed with the SEC which discusses among other things, WBI's business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. This site contains links to third-party websites. WBl does not endorse, approve, certify, or control these websites and does not assume responsibility for the accuracy, completeness, or timeliness of the information located there. Your access to and use of such websites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk. WBI disclaims responsibility for the privacy policies and customer information practices of third-party internet websites.

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