Net Payout Yields

Managed by Stone Fox Capital

4.0% Last 30 days 1.6% Last 90 days 16.7% Last 365 days 1.58 Sharpe Ratio -4.6% Max Drawdown

Net Payout Yields

Managed by Stone Fox Capital

4.0% Last 30 days 1.6% Last 90 days 16.7% Last 365 days 1.58 Sharpe Ratio -4.57 Max Drawdown
Risk score
Strategy Stocks
AUM fee 1.0%
Requirements
• Investment minimum: $20,000
or Sign up to invest
Net Payout Yields is designed to be a conservative strategy. It offers a diversified selection of large cap stocks that offer dividends and/or are buying back stock.The net payout yield goal for the strategy is 8%, defined by the amount a company spends on stock buybacks and dividends as a percentage of its stock price (adjusted for the amount a company receives for issuing new stock). The dividend yield objective for the strategy is 2 to 3%. Of course, stock dividends reflect past performance and there is no guarantee they will continue to be paid.

Research

Mark screens companies for high net payout yields, then selects the ones that he believes are of high quality; he will not automatically select just the highest-yielding stocks. Mark conducts additional fundamental research in an effort to avoid companies that he believes may become distressed.

Approach

Mark mainly invests in stocks in the S&P 500 with market caps above $10 billion. He also invests 10 to 20% in large caps to increase the return potential while maintaining volatility generally in line with the S&P 500.

Allocation discipline

The strategy typically holds around 15-20 positions. Some stocks will be given smaller positions if Mark believes they are too risky to warrant a larger one. He typically replaces stocks when their yields decline with higher-yielding stocks.

Sell discipline

Mark will sell stocks when their stock yields drop below his target. That may happen due to stock price increases that drive down yields, dividend cuts, or changes to stock repurchase plans.

Exceptions

A few exchange-traded funds (ETFs) may be held in an effort to improve diversification and to reduce risk.

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on October 13, 2017.

Daily returns
Performance
S&P 500
Manager (net of fees )
Last 30 days 4.0% 2.2%
Last 90 days 1.6% 3.8%
Last 365 Days 16.7% 19.7%
Since inception (Annualized) 13.6% 11.6%
2017 (YTD) 8.6% 14.0%
2016 16.3% 9.5%
2015 -6.1% -0.7%
2014 14.7% 11.4%
2013 37.1% 29.6%
2012 20.3% 13.4%
2011 5.5% -0.0%
Risk metrics (last 365 days)
S&P 500
Manager (net of fees )
Volatility 9.9% 7.3%
Sharpe Ratio 1.58 2.56
Sortino Ratio 2.21 3.70
Maximum Drawdown -4.6% -3.1%
Value-at-risk (95%, 1 week) -2.3% -1.7%
Additional metrics (last 365 days)
vs. S&P 500
Information Ratio -0.5%
Alpha -4.43
Beta 1.12
R-Squared 0.7%
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About Stone Fox Capital

Stone Fox Capital is an individual investment manager based in Tulsa, Oklahoma. Mark Holder has more than 18 years of investment industry experience and is a member of the Oklahoma Society of CPAs. Mark takes a long-term approach to investing. He focuses on fundamental analysis and identifying market trends. Mark believes that the best opportunities may arise from ideas that are not fully understood or appreciated by others in the market.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.  
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IB Asset Management account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IB Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IB Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.