Diversified Income and Small/Mid Value Strategies Receive “PSN Top Guns” Recognition
FOR IMMEDIATE RELEASE
Palouse Capital Management, Inc.’s Diversified Income and Small/Mid Value Strategies Receive “PSN Top Guns” Recognition
Spokane, Washington (May 22, 2014) – Palouse Capital Management, Inc.’s Diversified Income Strategy earned recognition as a top performer in the three star US Balanced Universe on the “PSN Top Guns” list for the three year period ending March 31, 2014. This is the second consecutive quarter our Diversified Income Strategy has received this recognition.
Palouse Capital’s Small/Mid Value Strategy also received recognition for 1Q14, and was ranked #6 within its respective peer group of those investment managers in the small/mid value universe. This is the second time within the past two years that this strategy has received this designation.
Investment strategies receiving PSN Top Guns honors reflect the top ten performers in over 50 style universes and six “star categories” (PSN’s star categories differ from each other based on longevity, risk and adherence to investment styles). The PSN Top Guns List is a quarterly ranking of investment managers and is used by institutional asset managers and investors nationally.
Bryn Harman, CFA, Palouse Capital’s Chief Investment Officer, stated “We are pleased to receive PSN’s recognition of our efforts with the Diversified Income and Small/Mid Value strategies. The Diversified Income Strategy utilizes various asset classes including dividend paying common equities, preferred stocks, REITS, fixed income securities and other income producing securities. The strategy’s performance in recent years reflects our emphasis on common equities with above average dividend yield – a focus not pursued by (or not available to) many competitive products. Our Small/Mid Strategy employs a bottom-up fundamental value approach to stock selection. Our approach helped identify under-valued securities in a volatile market environment, which aided our performance in 1Q14.” PCM’s portfolio management team consists of Bryn Harman, CFA, Jeff Trudeau, CFA, and Ken Roberts.
Past performance and PSN rankings/awards are not indicative of, nor a guarantee of future results.
All investments involve risk including the loss of principal. This information is not intended to be used as the primary basis of investment decisions nor should it be construed as advice designed to meet the particular investment needs of any specific investor. PCM’s Diversified Income Strategy utilizes a blend of various income producing securities that may include, but is not limited to U.S. government treasuries and agencies, corporate bonds, high yield bonds, convertible securities, preferred stocks, common stock with stable and growing dividends, specialty exchange traded funds, and real estate investment trusts. While PCM’s Diversified Income Strategy is classified by PSN in the US Balanced universe due to its ability to invest in fixed income securities, this strategy allows for flexibility to tactically allocate among asset classes in order to seek the best relative value in the market environment. The income generated by the securities held in this strategy may decline; there is no guarantee that dividend-paying securities will continue to pay dividends. This strategy may include investments in lower quality, higher yielding fixed income securities which may be subject to greater price fluctuation than higher quality fixed income securities. Small-cap investing typically carries more risk than investing in well-established large cap companies since smaller companies generally have limited product lines and financial resources and a higher risk of failure. Historically, smaller companies’ stock has have experienced a greater degree of market volatility than the average stock. PCM’s Small/Mid Value Strategy may not be suitable for everyone. The ratings assigned to PCM’s strategies may not be representative of any individual client’s experience because the ratings are based on the average of all the clients invested in each strategy. Additional information regarding the services provided by PCM is available in Form ADV Part 2A. A list of composite descriptions and presentations are available upon request.
PSN is an investment manager database and a division of Informa Investment Solutions. The PSN universes were created using information collected from over 2000 firms through PSN investment manager questionnaires (of which PCM participates) and uses only gross of fees returns. The use of net of fees returns may have changed the rankings. PCM does not pay to participate in the database. PSN information is intended for use by qualified investment professionals. A six star rating is the highest possible rating. The 3 star category: these top performers are strictly based on returns for a three year period. The 1 star category: these top performers are strictly based on returns for the most recent quarter. For more information go to www.informais.com