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| Top Corporate Bond Holdings by Sector | |
|---|---|
|
Consumer Discretionary: |
Lowe’s 2015, 2016; Disney 2012; Staples 2014 |
|
Consumer staples: |
Hershey 2011; Pepsi 2014, 2018; Procter & Gamble 2014; Coca-Cola 2017 |
|
Energy: |
ConocoPhillips 2012, 2014, 2015; Apache 2017 |
|
Financials: |
Goldman Sachs 2012, 2014; JPMorgan 2013; Wells Fargo 2015 |
|
Healthcare: |
Abbott Labs 2012, 2016; Wyeth 2014, 2016; Baxter 2014, 2016; Merck 2015; Johnson & Johnson 2018; Pfizer 2015; Medtronic 2014, 2020; Eli Lilly 2017 |
|
Industrials: |
General Electric 2013, 2017; United Technologies 2015; UPS 2014, 2018; Honeywell 2018; Danaher 2019 |
|
Materials: |
Nucor 2012, 2013; Praxair 2015 |
|
Technology: |
Oracle 2013; Cisco 2016, 2019; IBM 2011, 2012; Hewlett-Packard 2012, 2014; Microsoft 2019 |
|
Telecom: |
AT&T 2011, 2013 |
|
|
|
Overview: Our focus in selecting fixed income securities is primarily on credit quality and cash flow, with secondary focus on yield generation. We believe that fixed income provides a strong foundation to a balanced portfolio, therefore we reduce risk by investing in companies with low default risk. Taxable bond portfolios are constructed using either US Treasuries or investment grade corporate bonds. We currently favor corporate bonds due to the low returns offered by US Treasuries. Tax free bond portfolios are constructed using high quality municipal bonds from the state in which the client resides.
Net Returns for the Willingdon Wealth Management Flagship, Fixed Income Portfolio
as of June 30, 2010
Annualized Performance
Cumulative Performance
| Annualized | Year to Date | 1 Year | 3 Year | 5 Year | Since Inception* |
| WWM Fixed Income | 5.4% | 9.5% | 10.3% | 6.6% | 6.2% |
| Barclays Aggregate Bond Index | 5.3% | 9.5% | 7.6% | 5.5% | 5.5% |
| Merrill Lynch US Govt Bond Index | 5.9% | 6.9% | 7.8% | 5.5% | 5.5% |
| Barclays US Corp Inv Grade Bond | 5.2% | 15.2% | 7.2% | 5.2% | 5.1% |
| Cumulative | Year to Date | 1 Year | 3 Year | 5 Year | Since Inception* |
| WWM Fixed Income | 5.4% | 9.5% | 34.2% | 37.4% | 38.4% |
| Barclays Aggregate Bond Index | 5.3% | 9.5% | 24.4% | 30.9% | 33.4% |
| Merrill Lynch US Govt Bond Index | 5.9% | 6.9% | 25.2% | 30.5% | 33.6% |
| Barclays US Corp Inv Grade Bond | 5.2% | 15.2% | 23.2% | 28.6% | 30.6% |
Growth of $1M - Last 3 years
Performance Inception Date = 1/31/05
* WWM represents total taxable fixed income composite returns. Returns are net of weighted average of management fees for accounts in the composite and all transaction costs. All portfolios with a 20% or greater allocation to fixed income are included in the composite. The composite return is calculated as the return of the fixed income securities within these portfolios. Portfolios with municipal bonds are excluded from the composite. Cash balances are excluded from return calculations. The Barclays Aggregate Bond Index is a broad investment grade bond index that includes US Government bonds, US Agency bonds, and investment grade corporate bonds. The Merrill Lynch US Government Bond index includes US Treasury notes and bonds with maturities ranging from 1 to 15+ years. The Barclays Capital US Corporate Investment Grade Bond Index covers all publicly issued, fixed rate, nonconvertible, investment grade debt. Past performance is not a guarantee of future results.
