Bramshill Income Performance Fund - Institutional Class · NASDAQ:BRMSX
Bramshill Income Performance Fund - Institutional Class — Bramshill Income Performance Fund — Investor Presentation (September 2023)
23 slides from Bramshill Income Performance Fund - Institutional Class's investor presentation, Sep 30, 2023
Slide 1: Income Performance Fund 4Q2023
Income Performance Fund 4Q2023
Slide 2: Table of Contents
Table of Contents FIRM Firm Overview 3 Organizational Structure 4 Experienced Portfolio Management Team 5 Fund Overview 6 Core Approach 7 Fund Returns 8 Quarterly Exposure 9 How to Build a Portfolio 10 Investment Idea Generation & Research 11 Top Down-Macro Overlay 12 Assessing Optimal Interest Rate
Slide 3: Firm Overview
Firm Overview Bramshill Investments, LLC, founded in 2012, is an alternative asset manager SharingAlpha focused on value investing in fixed income and debt securities. 2021 SHAR. Bramshill exercises a philosophy of value investing in income-producing securities. US Fixed Income Bramshill invests
Slide 4: Organizational Structure
Organizational Structure Our firm is proud of our significant intellectual capital INVESTMENT TEAM BUSINESS / INFRASTRUCTURE ART DEGAETANO STEPHEN SELVER Founder and Managing Partner, Managing Partner, Chief Investment Officer Chief Executive Officer 31 years experience 29 years experience Colgate U
Slide 5: Experienced Portfolio Managers
Experienced Portfolio Managers Art DeGaetano Derek Pines Founder & CIO Sr. Managing Director & Portfolio Manager Bramshill INVESTMENTS (‘12 – PRESENT) Bramshill INVESTMENTS (‘12 – PRESENT) • Founder and CIO • Co-Portfolio Manager of the Bramshill Income • Spun out from GLG Partners with core assets
Slide 6: Fund Overview
Fund Overview FUND INCEPTION INVESTED MARKETS CHARACTERISTICS VEHICLE FUND AUM* Traditional: US Corporates (Investment Grade & High Opportunistic, tactical INCOME PERFORMANCE FUND fund focused on Yield) and US Treasuries. Non- APR 2016 Index Asset Classes: US $685 mm dynamically allocating 40 Act Fu
Slide 7: Core Approach
Core Approach ROTATE ACROSS FIVE UNCORRELATED ASSET CLASSES Investment Grade corporates bonds, High Yield corporate bonds, Preferred securities, Municipal bonds, US Treasuries ROTATE ACROSS VARIOUS STRUCTURES 10yr non-call 5yr high yield, Floating rate preferreds, 20yr muni, BB corporates ROTATE CRE
Slide 8: Fund Returns
Fund Returns STANDARDIZED RETURNS 2.36% 2.35% 2.11% 2% 1.59% 0.81% 1.03% 0.64% 0.70% 0.39% 0.27% Bramshill Income Performance Fund 0.09%0.10% Wilshire Liquid Alternative Relative Value Index -2% -1.21% -1.32% Bloomberg Barclays U.S. Aggregate Bond Index -6% -5.21% YTD 1 YR 3 YR 5 YR 4/11/16 - 9/30/2
Slide 9: Quarterly Exposure
Quarterly Exposure FUND PORTFOLIO STATISTICS DURATION EXPOSURE ASSET ALLOCATION BY ASSET CLASS OAD Duration Bucket Weight (%) Sector Weight (%) 30-day SEC Yield: 4.49% 29.1 Preferred Stock 35.0 Less than 1 year Yield to Maturity: 6.45% 1-3 Years 19.3 High Yield Corporate Bonds 7.1 Yield to Worst: 6.
Slide 10: How to Build a Portfolio
How to Build a Portfolio Investment Process: Trading and Strategy Portfolio and Risk Idea Generation and Implementation Management Research 10
Slide 11: Investment Process: Idea Generation and Research
Investment Process: Idea Generation and Research TOP DOWN Evaluate opportunities across Interpret Fed policy taxable, tax-free, and equity oriented TOP DOWN: TOP DOWN: income markets Assess Analyze Analyze how interest rate moves, both relative value portfolio's directional and within the term
Slide 12: Top Down-Macro Overlay
Top Down-Macro Overlay Relative Value Focus on probability of loss to isolate risks and identify the most attractive asset classes to invest. Macro factors such as growth and inflation inform our understanding of credit and interest rate risk. Least Credit Risk CREDIT RISK Most Credit Risk US IG HIG
Slide 13: Assessing Optimal Interest Rate Risk
Assessing Optimal Interest Rate Risk Macro Overlay Credit Selection Fixed Income asset classes can perform in an uncorrelated manner during various interest rate environments. Furthermore, different security structures within each asset class can provide a wide range of total return. Accordingly, th
Slide 14: Bottom Up-Credit Selection
Bottom Up-Credit Selection Credit Selection Follow a consistent and fluid Investment Process for Credit Selection Every position is assessed both at the security level and by its potential impact on the portfolio Research write-ups on every position stored via internal software and continuousl
Slide 15: Trading Strategy Implementation
Trading Strategy Implementation Converting an idea into a position is a crucial step in Bramshill’s investment process. The following factors are considered prior to including a research idea into the portfolio. LIQUIDITY ANALYSIS DYNAMIC POSITION ANALYSIS Understand ‘true’ bid/ask for various siz
Slide 16: Performance During Equity and Rising Rate Duress
Performance During Equity and Rising Rate Duress Performance during periods of rising rates 7% 3.7% 0.8% 0.0% The chart on the left shows the performance of the Fund in rising -3.1% -2.5% -3.4% rate environments. The Fund’s -13% -8.7% -6.9% diversification allows for positive -14.5% -13.9% -13.2% gr
Slide 17: Portfolio and Risk Management
Portfolio and Risk Management Risk Management is a top priority at Bramshill. Managing downside risk is essential to making solid risk-adjusted investments PORTFOLIO CONSTRUCTION SCENARIO ANALYSIS RISK MANAGEMENT Apply risk metrics for credit Utilizing quantitative software, Asset class / sect
Slide 18: Risk Parameters
Risk Parameters ASSET ALLOCATION EXPOSURE US Rates Minimum 0%, Maximum 50% IG Corporates Minimum 0%, Maximum 80% HY Corporates Minimum 0%, Maximum 40% US Municipals Minimum 0%, Maximum 80% Preferred Equity Minimum 0%, Maximum 70% Closed-End Fund Minimum 0%, Maximum 15% Exchanged-Traded Fund Minimum
Slide 19: Appendix
Appendix Investment Team Biographies 20 Disclaimers 22 Contact Us 23 19
Slide 20: Senior Investment Team
Senior Investment Team Art DeGaetano – Founder and CIO, 31 years experience Derek Pines – Sr. Portfolio Manager, 24 years experience Mr. DeGaetano is the Chief Investment Officer and Founder of Bramshill Investments. Prior to Mr. Pines is a Senior Managing Director and Portfolio Manager at Bramshill
Slide 21: Investment Team
Investment Team Jeff Leschen - Managing Director, 17 years experience Jennifer Huynh , CFA - Credit Analyst, 6 years experience Mr. Leschen is a Managing Director at Bramshill Investments. He is primarily responsible for Ms. Huynh is a Credit Analyst at Bramshill Investments. Prior to joining Bramsh
Slide 22: Disclosures
Disclosures Investors should carefully consider the Fund's investment objectives, risks, charges and expense before investing. The prospectus contains this and other important information about the Fund and may be obtained at www.BramshillFunds.com or by calling (877)-272-6718. Please read the prosp
Slide 23: Office locations and contact details
FLORIDA NEW YORK CALIFORNIA 801 Laurel Oak Dr. STE 300 152 West 57th Street, FL 46 888 San Clemente Dr. STE 270 Naples, FL 34108 New York, NY 10019 Newport Beach, CA 92660 P: 239.920.7310 P: 646.993.1648 P: 949.614.8031 info@bramshillinvestments.com 239.920.7310 www.bramshillinvestments.com
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