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
Put Option Overlay:
We purchase put options to reduce the impact of corrections and serve as
portfolio protection. Put premiums are funded from a portion of the dividend
income generated by the equity portfolio
Series F Fund Code: WAY303