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The latest market commentary and insights shared by our investment team. Check in for regular updates.
September 15, 2023 Pulling a rabbit out of a hat is an old staple among any magician’s tricks. Companies sometimes play that game as well through ingenuity and good management but also with accounting or revenue recognition shenanigans. The goal is to meet or beat consensus earnings expectations that hopefully then drive its stock price higher. When there are no more rabbits to be pulled out of the hat, suddenly reported earnings fall short of expectations, and investors are disappointed.
SKBA Capital Management is pleased to announce that the firm has been recognized as Asset Manager of the Year for Large Cap Equity, for its flagship ValuePlus strategy, in the 2023 Envestnet Asset Manager Awards.
June 30, 2023 Anyone remember the “dot.com” bubble of the late 1990s?
June 12, 2023 Remember that great Beach Boys song “Fun, Fun, Fun”? Well it is apropos—now that the default dilemma is over for now—to give it a twist to express Treasury Secretary Janet Yellen’s delight in having the bill passed by Congress and signed by the President.
January 12, 2023 In addition to the recent praise from Barron’s, Morningstar recently wrote a great piece which again highlighted SKBA’s Baywood SociallyResponsible Fund as a strong-performing ESG fund based on total return in 2022.
February 28, 2023 SKBA Capital Management Named to PSN Top Guns List of Best Performing Strategies for Q4 2022 Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies
March 13, 2023 SKBA Money Manager Interview | The Wall Street Transcript Value Manager Sees Opportunities in Underearning Auto Sector
November 17, 2022 Barron’s recently wrote a great piece which highlighted SKBA’s Baywood SociallyResponsible Fund.
Investment Considerations:
Mutual fund investing involves risk including the possible loss of principal. There can be no guarantee that any strategy (risk management or otherwise) will be successful.
Baywood SociallyResponsible Fund: Socially responsible investment criteria may limit the number of investment opportunities available to the Fund, and as a result, at times the Fund’s investment returns may be lower than those funds that are not subject to such investment considerations. A value style is primarily used to select investments for the Fund. This style may fall out of favor, may underperform other styles and may increase the volatility of a Fund’s share price.
Baywood ValuePlus Fund: The Fund primarily invests in undervalued securities which may not appreciate in value as anticipated by the Adviser or remain undervalued for longer than anticipated. The Fund may invest in American Depositary Receipts (ADRs) which involves risks relating to political, economic or regulatory conditions in foreign countries and may cause greater volatility and less liquidity. The Fund may also invest in convertible securities and preferred stock which may be adversely affected as interest rates rise.
The Morningstar US Large Value Index is an unmanaged index. Individuals cannot invest in an index.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is available in the prospectus, a copy of which may be obtained from 855-409-2297. Please read the prospectus carefully before investing.
Baywood Funds are advised by SKBA Capital Management, LLC and distributed by Foreside Fund Services, LLC.