Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies
Spokane, WA (September 28, 2023) – Palouse Capital Management, Inc. (“PCM”) announced today that its Diversified Income (“DI”) strategy has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2023. PCM’s DI strategy was ranked #6 of ten in the three star PSN Top Guns US Balanced category for the second quarter1. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
“Volatility in the market continues to drive investors to actively managed investments like SMAs,” says Chris Volpe, Director of Wealth Management Solutions for Zephyr. “PSN Top Guns provides the intelligence and insight to identify strategies that align with client goals. Palouse Capital Management, Inc. is a best-in-class performer and worthy of this influential recognition.”
PCM manages its DI strategy to generate income and long-term capital appreciation. The DI strategy’s investable universe includes dividend-paying common equities, preferred stocks, exchange-traded funds, and bonds. The tactical allocation of the DI strategy is to maximize income while controlling risk via asset class diversification. PCM’s fundamental value approach to common equity selection is generally applied; however, with all investment decisions, income is prioritized. Therefore, the fund seeks to invest in common equities with higher-than-average dividend yields and dividend potential. PCM’s DI strategy is team-managed by Spencer Shelman, CFA, Bryn Harman, CFA, and Ryan Long, CFA.
“We are honored to be recognized by PSN as among the top ten performing asset managers in the balanced category for our Diversified Income strategy over the trailing three-year period,” stated Spencer Shelman, Portfolio Manager for PCM. “The PSN Top Guns recognition is especially meaningful to us today because of the volatile interest rate backdrop that we’ve seen over the past few years. We see an attractive set up for the strategy in the years ahead, as interest rates continue to see big moves and active management of investor capital experiences a renaissance.”
Bryn Harman, PCM’s Chief Investment Officer, stated “We are proud to once again receive PSN’s recognition for our efforts with the DI strategy. This is the thirteenth time that our DI strategy has been recognized on the Top Guns list since its inception in 2010. Three of our other strategies, Small/Mid Cap Value, Large Cap Value and Large Cap Value Total Return, have been on PSN Top Guns lists in the past. We employ the same fundamental approach to investing across all of our strategies, and our long-term performance has shown that our approach has worked well through several phases of the business cycle.”
Through a combination of PSN’s proprietary performance screens, the PSN Top Guns List ranks products in six proprietary categories in over 75 universes based on continued performance over time.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/. Registration is required.
About Palouse Capital Management, Inc.
Palouse Capital Management, Inc., a boutique asset management firm founded in 1994 provides active asset management nationally to high net worth individuals, foundations, endowments, corporations and public funds. The firm’s fundamental value philosophy is consistently applied across three core equity strategies: Large-Cap Value Total Return, Large-Cap Value and Small/Mid Value. The firm also offers a Diversified Income Strategy for clients seeking income from diversified asset classes, which may include fixed income securities, common equities, preferred stock, REITS, and other income producing securities. Palouse Capital Management, Inc. is a registered investment adviser offering a comprehensive range of investment strategies to a broad audience of equity investors. For more information, please visit: www.palousecap.com.
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors rely. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Robby Resendez at PSNdata@informais.com Visit PSN online to learn more.
1 The PSN Top Guns Three Star category rankings are based on returns for a three year period.