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Intelligent Fixed Income

Investment Objective: The strategy’s investment objective is to seek long-term total return while striving to generate meaningful current income. For taxable accounts, Qualified Dividend Income (QDI), which is currently taxed at a more favorable rate for upper tax brackets, is favored.

Investment Description: On July 1, 2017 Ulland Investment Advisors (UIA) created the Intelligent Fixed Income (IFI) style for clients seeking a 100% fixed income investment. IFI invests solely in fixed-income securities, predominately in preferred stock. Up to 20% of the strategy may invest in corporate bonds. Some securities used in IFI have ratings below investment grade or are unrated. Preferred and debt securities used in the strategy are issued by banks, insurance companies, other diversified financials, REITs, energy and pipelines, telecommunications, technology and consumer companies.

Composite Definition: Ulland Intelligent Fixed Income performance includes all portfolios invested in the Intelligent Fixed Income strategy. For performance purposes, portfolios enter the composite on the first day of the first full month of management. Portfolios are removed upon completion of the last full month 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 Intelligent Fixed Income composite 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 Intelligent Fixed Income 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 principal risks of investing in the strategy include interest rate risk: the value of fixed income securities are impacted by changes in interest rates. Bonds and preferred securities 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, market risk and liquidity risk. 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 Intelligent Fixed Income strategy, and/or Ulland Investment Advisors, please call Nat Beebe at 612.312.1402 or e-mail nat.beebe@ullandinvestment.com.

 

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4550 IDS Center · Eighty South Eighth Street · Minneapolis MN 55402 · Telephone: 612-312-1400 · Facsimile: 612-204-3464