Spectrum Asset Management Inc
Last Updated: 12/3/2020
Spectrum Asset Management Inc is a Corporation that started in 1987 and is primarily owned and controlled by Mark Lieb, and later acquired in 2001 by PGI, the asset management arm of The Principal Financial Group..
Spectrum is one of the largest investment advisers in the world specializing in the preferred securities and other junior subordinated capital securities market. Per its website, they seek to provide superior investment returns to investors in preferred and capital securities by:
Employing a long-term, actively managed and diversified portfolio approach;
Emphasizing fundamental, qualitative and quantitative credit analyses to company and credit selection and relative value analysis to the individual security and sector selection; and
Taking advantage of the inefficiencies found in the various primary sectors of preferred and capital securities (i.e. between $25 par retail paper and $1,000 par institutional paper) and junior subordinated debt securities (i.e. contingent capital securities).
Spectrum Asset Management Inc operates out of an office in Stamford, CT. Based on the Form ADV filed on 2020-06-23 00:00:00, the investment firm is comprised of 22 employees, only 10 of whom performs investment advisory functions.
Fact Sheet
- Name: Spectrum Asset Management Inc
- CRD No: 300463
- Filing Recorded: 2020-06-23 00:00:00
- Year of Origin: 1987
- Employees: 22
- Clients: 62
- AUM: 23,052,955,571
- Management Fee: .35 to .5 Percent
- Performance Fee: Varies Percent
- Client Type: Investment Companies, Pooled Investment Vehicles, Insurance Companies, Corporations or Other Businesses
- Assets Traded: Investment Grade Corporate Bonds, Non-Investment Grade Corporate Bonds, Cash and Cash Equivalents
Contact
- Website: https://www.samipfd.com/
- Email: [email protected]
- Telephone: 203-322-0189
- Address: 2 High Ridge Park Stamford CT 06905
Investment Strategy
According to the brochure submitted to IAPD, Spectrums investment strategy is as follows:
Spectrum’s investment philosophy is premised on junior subordinated capital securities providing investors with high current income and efficient diversification with diligent management of credit risk. Junior subordinated capital securities are generally the highestyielding securities available from a universe of issuers that have predominantly investment-grade senior debt ratings.
Methods of Analysis
In addition, Spectrums methods of analysis include:
Spectrum’s investment philosophy is premised on junior subordinated capital securities providing investors with high current income and efficient diversification with diligent management of credit risk. Junior subordinated capital securities are generally the highestyielding securities available from a universe of issuers that have predominantly investment-grade senior debt ratings.
A team of junior subordinated capital securities market specialists
A disciplined, scalable investment process
Independent fundamental and quantitative research with relative fundamental scoring and concentration tiering that assist with the portfolio management process.
Relative value orientation
Downside risk management
Responsiveness to market evolution
Interest rate volatility mitigation
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| WELLS FARGO CO NEW | 114,903 | 154,206 | |
| ISHARES TR | 1,179,494 | 42,993 | |
| BK OF AMERICA CORP | 21,454 | 31,924 | |
| HANCOCK JOHN PFD INCOME FD I | 646,421 | 10,330 | |
| BLACKROCK CR ALLOCATION INCO | 723,135 | 10,283 | |
| INVESCO EXCH TRADED FD TR II | 697,383 | 10,272 | |
| WELLS FARGO CO NEW | 2,154 | 2,891 | |
| ISHARES TR | 2,754 | 325 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forSpectrum Asset Management Incin our 13F section HERE.
To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.