Waypoint's core public equity portfolio is designed to deliver superior risk adjusted returns across market cycles.
How We Invest
We construct a portfolio of businesses that we categorize as either "Capital Distributors" or "Capital Compounders"
Capital Distributors have a cash flow focus that translates into
high dividend yields. They have aligned management teams that
sustain and grow the dividends and maintain modest financial
leverage to navigate difficult economic environments. They typically
make up 70-90% of the portfolio.
Capital Compounders have economic models that compound
capital at or above their cost of capital. Management is accelerating
growth using capital available through public markets. They tend to
be small-to-midcap companies not broadly covered by analysts.
They typically make up 10-30% of the portfolio
Volatility Strategies Overlay:
In addition to the equity foundation of the portfolio, equity options are used
to express a variety of volatility strategies depending on the market
environment. For example, when volatility is low, the fund looks to purchase
options to protect capital. Most often this is expressed using put options on
individual securities and indices. When volatility is elevated, the fund looks
to sell or write options as an equity alternative.
Series A Fund Code: WAY301
Series F Fund Code: WAY303