Each quarter our team evaluates all investments held in our models to ensure we are considering market trends, economic outlook, investment quality and performance. After careful evaluation, we have made the following changes.
Core Model
- The core model is composed of mutual funds and ETF’s spanning equities, fixed income, and alternatives. This blended approach provides diversification between sectors and investment categories.
- This model has 5 allocations that differ based on risk tolerance (Conservative, Moderate Conservative, Moderate, Moderate Aggressive and Aggressive). While the positions themselves are the same in each of the 5 allocations, the difference comes from the weighting percentage of each investment.
- For example – The Conservative allocation has a much larger weighting in fixed income and alternatives. Whereas the Aggressive allocation has a much lower weighting in fixed income and alternatives, and a higher weighting in equities.
- In the equity sleeve we have updated our small cap fund.
- We have kept the same funds in our bond allocation. The bond model’s performance is in line with US Barclays Aggregate Bond Index while producing a higher yield.
- Our alternative sleeve focuses on strategies that are not correlated to traditional investments such as stocks and bonds. For this quarter we have added a private infrastructure fund.
| Beta | Alpha | Standard Deviation |
|
| Blended Benchmark (S&P 500 and Aggregate Bond Index) | 1.00 | 0 | 11.06 |
| Feldmeyer Financial Core Model – Moderate Allocation |
0.97 | 1.02 | 10.78 |
*Metrics are using the Moderate Allocation.
Additions:
- Dimensional Funds Small Cap Value (DFSV)
- Meketa Private Infrastructure Funds (MIFAX)
Sells:
- iShares Morningstar Small Cap Value (ISCV)
- JPMorgan Equity Premium Income (JEPI)
Bond Model
- The bond model has a current yield is 6.06%, and the model is selling at a discount of $95.11
- We have kept the same funds and will continue to monitor, we will adjust as needed.
- Our alpha remains positive, and our beta is lower than the Aggregate Bond index.
- For reference, alpha is a measure of the difference between a portfolio’s actual returns and its expected performance, given its level of risk as measured by beta. A positive alpha figure indicates the portfolio has performed better than its beta would predict. In contrast, a negative alpha indicates the portfolio has underperformed, given the expectations established by beta.
| Beta | Alpha | Standard Deviation |
|
| Aggregate Bond Index |
1.00 | 0 | 7.67 |
| Feldmeyer Financial Bond Model |
0.76 | 2.95 | 5.85 |
High Dividend Model
- We have made changes this quarter to increase our dividend yield and reduce the volatility within the model. The model now has a yield of 10.56%
- We have reduced our exposure in the Business Development Company (BDC) space, given the volatility in this specific category so far this year. We expect this to continue throughout the year.
- Our alpha has decreased but remains positive. We have reduced our beta compared to the S&P 500 Index.
- Calamos Autocallable Income ETF (CAIE)
- Lord Abbett Credit Opportunities Fund (LCRDX)
- Main Street Capital Corporation (MAIN)
- Ares Capital Corporation (ARCC)
| Beta | Alpha | Standard Deviation |
|
| S&P 500 | 1.00 | 0 | 17.31 |
| Feldmeyer Financial High Dividend Model |
0.63 | 0.39 | 11.86 |
Additions:
Sells:
Stock Model
- The stock model has our top picks for 2026.
- The positions we have added give us exposure across different areas of the market, that we feel can perform well given the current economic and market conditions.
- This quarter we have added an international fund as well as a private equity fund.
- We continue to monitor the markets closely and update when appropriate.
| Beta | Alpha | Standard Deviation |
|
| S&P 500 | 1.00 | 0 | 17.31 |
| Feldmeyer Financial Stock Model |
1.00 | 14.83 | 17.28 |
Additions:
- Micron Technology (MU)
- Meketa Private Equity Fund (PMPEX)
- JP Morgan International Value ETF (JIVE)
Sells:
- American Express (AXP)
- Oracle (ORCL)
- Warby Parker (WRBY)
Investment advisory services offered through OneSeven LLC, a registered investment advisor. One Seven and Feldmeyer Financial Group are independent of each other. For a complete description of investment risks, fees and services, review the On Seven firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting OneSeven.
This presentation does not take into account your particular investment objectives, financial situation or risk tolerance and may not be suitable for all investors. Investments and/or investment strategies involve risk including the possible loss of principal. The presentation is not intended to project the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. There is no assurance that any investment strategy will achieve its objectives.
The S&P 500 index is designed to be a broad based unmanaged leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe or representative of the equity market in general. The Bloomberg US Aggregate Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market.