Click the image to read our the Q1 Market Insights Letter written by iCM's CIO, Mike Paciotti, CFA.  

The iCM Tactical Income Closed End Fund (TICE) portfolio is an actively managed closed end fund (CEF) strategy that is allocated approximately 60% fixed income and 40% equity.  Our goal is to construct a portfolio with market-like characteristics, but acquire it for a reasonable discount.  iCM uses proprietary research techniques, specifically quantitative models, to analyze and identify CEFs that are trading at statistically significant discounts to their NAVs.  When combined with a thoughtful asset class valuation approach, we believe that we can provide a well-diversified portfolio with attractive yield characteristics and risk-adjusted returns over a long-term time horizon.

Conventional portfolio management typically mandates large allocations to US stocks or bonds, even when the prospects for those assets seem bleak.  TICE Alpha Opportunities attempts to solve this problem by breaking from those conventions.  Our goal is to find incremental sources of return, wherever they may exist, to deliver results that approach the historical average, in environments where it may difficult to do so.  As such, our focus is on generating attractive yield characteristics and risk-adjusted returns over a 7-10 year time horizon and we are willing to accept meaningful short-term deviations from the stated benchmarks to accomplish these goals. 

Executing exclusively with exchange-traded funds (ETFs), iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of fixed income assets.  These decisions can include, but are not limited to, valuations by issuer, geography, credit qualities and curve positioning.  

iCM delivers these hybrid portfolios with a combination of exchange-traded funds (ETFs) and Institutional Mutual Funds, using proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of fixed income assets.  These decisions can include, but are not limited to, valuations by issuer, geography, credit qualities and curve positioning.  

iCM delivers these hybrid portfolios with a combination of exchange-traded funds (ETFs) and Institutional Mutual Funds, using proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of fixed income assets.  These decisions can include, but are not limited to, valuations by issuer, geography, credit qualities and curve positioning.  iCM's hedged portfolios incorporate alternative investments, specifically hedge funds into its asset allocation for the Tactical Hedged Suite of strategies.

iCM delivers these hybrid portfolios with a combination of exchange-traded funds (ETFs) and Institutional Mutual Funds, using proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of fixed income assets.  These decisions can include, but are not limited to, valuations by issuer, geography, credit qualities and curve positioning.  

iCM delivers ESG portfolios with a combination of exchange-traded funds (ETFs) and Institutional Mutual Funds, using proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of assets.  These decisions can include, but are not limited to, valuations by issuer, geography, credit qualities and curve positioning.  iCM's ESG portfolios allocate via investment vehicles that have been built, by their respective issuers, with a focus on Environmental, Social, and Governance standards.