Texas Institutional
Investment Management, LLC
Retirement Income
The Retirement Income Composite is a concentrated portfolio invested in 10 to 20 Large-Cap equity securities with a market capitalization greater than about $3.0 billion and inclusion in the S&P 500 or Russell 1000 index or an equivalent, nationally recognized Large-Cap index and Exchange Traded Funds (ETFs) with a minimum market capitalization of $350 million.
All these holdings have higher than average dividend yields and cash flows that are strong enough to sustain their payouts at current and higher levels.
Investment Process
STEP 1
Idea Generation
Focusing on stocks and ETFs with strong and sustainable dividends and low volatility
Screening Process:
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ETFs with $350 million in market capitalization and at least 3 years of trading history
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Stocks must be a member of a Large-Cap index
Identifies acceleration and improvement in:
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Free cash flow
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Revenue
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Earnings
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Profit margins
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Relative strength and momentum
STEP 2
Grunt Work
Exhaustive research money managers are paid to perform
STEP 3
Portfolio Construction
Fundamental Research: Focuses on cash flow to support dividends, earnings quality, earnings estimate revisions, debt exposure, and history of rising dividends
Technical Research: Explores trend lines and preference given to those who exhibit less volatility, and pricing patterns
Range of 15-20 positions selected for internally funded sustainable growth, superior technical characteristics, and are identified as low volatility and providing high income