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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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"Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefit from structurally high inflation and supply chain frictions."
Bramshill Investments' 3Q2025 investor presentation highlights its All Weather Income Strategy, which has achieved an annualized net return of 5.39% since its March 2016 inception. The strategy focuses on high income generation (targeting 8%+) and principal protection by investing in high-conviction, pass-through securities like REITs, MLPs, BDCs, and closed-end funds. Using a proprietary Distribution Coverage Model, the firm targets companies with coverage ratios in excess of 1.2x (portfolio average at 1.29x). Strategically, the portfolio has shifted toward cyclical beneficiaries—including domestic energy producers, midstream infrastructure, BDCs, and shippers—to capture upside from global supply chain disruptions, rising energy prices, and bank lending retrenchment, while reducing exposure to defensive preferreds. Key top ten holdings include AGNC, Barnes Group, Hess Midstream, Iron Mountain, and Energy Transfer.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Growth Outlook
Market outlook remains above average conviction: Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Risk Appetite
Risk appetite posture is above average conviction: Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Forward Guidance
Forward guidance signal: Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Language Signal
Tone analysis indicates above average conviction language: Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
Time Horizon
Investment time horizon reflects a above average conviction orientation. Bramshill's All Weather Income Strategy targets a steady 8%+ dividend yield by rotating into high-coverage pass-through securities like MLPs, BDCs, and energy producers that benefi...
