ENHANCED INCOME STRATEGY
INCOME & GROWTH ORIENTED
17.23% ANNUALIZED SINCE INCEPTION 1/01/2011
The above data is based upon the average annual returns since 1/01/2011. Past performance is not a guarantee of future results. Results listed are as of 3/31/17.
The Enhanced Income Program is designed to construct and implement an individualized fixed income portfolio that permits accounts to participate in what is called a “carry trade”. This represents the difference between the costs of funds (margin) and the yield on portfolio held securities. This “spread” is further amplified by use of up to 10-1 leverage. Both tax-free and taxable municipal securities will be purchased to enhance the client's return through state and local tax exemption in addition to federal tax exemption. The objective of this program is generation of income. Securities held will generally be higher coupon bonds priced to shorter calls with a modified portfolio duration of 5 years or shorter.
Minimum investment is $500,000.
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This Program is only open to: a “qualified client” as defined under Rule 205.3.