Tactical Income Closed-End Fund (CEF) Strategy

The Tactical Income Closed-End Fund (CEF) Strategy seeks to provide a high-level of after-tax total return for US taxable investors. Our multi-sector tactical asset allocation approach results in a cross-asset diversified income stream that is tax–advantaged. We believe that a customizable, multi-asset class approach provides the greatest flexibility to exploit closed-end fund opportunities. We specialize in identifying and capitalizing on discount movements and pricing anomalies to provide above average, long-term outperformance versus the appropriate index whilst seeking to manage exposure to realized short term capital gains.

Tactical Income CEF Composite Performance Ending 30 September 2017 
50/50 S&P 500/Barclays US Agg Bond Blended Index   2.66% 9.03% 6.84%
Past performance is no guarantee of future results. Periods over one year are annualized.
Results Shown in US $ (Net of fees) Period to Date
(3 Months)
1 Year 3 Years
Tactical Income Closed-End Fund Composite 3.04% 13.01% 8.40%

Definition of the Firm: City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority, registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).

City of London Investment Management Company Limited (CLIM) is the institutional investment management subsidiary of City of London Investment Group PLC and is a registered investment advisor specialising in CEF investment management.

CLIM claims compliance with the Global Investment Performance Standards (GIPS®)

To receive a complete list and description of CLIM composites and/or a presentation that adheres to the GIPS standards, contact client servicing at client.servicing@citlon.com.

Product reports and prices are available for registered users of the website through the login page.

Composite Description: The Tactical Income Closed-End Fund Composite was created in January 2014, and is an equity composite focused on US Markets, managed by City of London Investment Management. The investment objective is a high-level of post-tax total return, with a substantial component of tax-advantaged income. The strategy focuses on providing a tax-efficient portfolio for US-domiciled taxable investors. The Composite seeks to provide diversified income through a multi-sector tactical asset allocation approach. The Composite seeks to maintain low correlation to any major asset class. The strategy does not employ hedging or leverage at the fund level. The Composite employs listed funds, including closed-end funds and ETFs. The strategy is measured against a blended index composed of 50% S&P 500 net total return and 50% Barclays US Aggregate Bond Index total return, rebalanced daily.
Index Description: The 50/50 S&P 500/Barclays US Aggregate Bond benchmark is a custom blended index calculated daily by City of London Investment Management by applying a 50% weighting to the S&P 500 Index (net total return) and 50% weighting to the Barclays US Aggregate Bond Index (total return).