Posts

Anthony Capital Partners with Durig’s FX2 Portfolio Strategy

Durig Capital is proud to announce its partnership with Anthony Capital, LLC in the FX2 Portfolio Strategy.  We believe that this relationship has strengthened the ability of both firms to bring their clients only the best in diversified investment solutions.  

Anthony Capital has worked tirelessly to help ensure that their clients have outstanding investment solutions such as the FX2 Portfolio Strategy. Historically, the FX2 Portfolio has brought superior performance in Fixed Income to investors while also providing partner advisors the flexibility to set their own clients’ fee.  FX2 has been ranked as the #1 Performing High Yield Fixed Income SMA among its peer group for 1,3, and 5 year trailing returns by Morningstar and was also ranked top performing in Short Term Fixed Income by Informa, for 1, 3, and 5 year trailing return periods.

Historically, FX2 has provided equity-like performance with only about half the volatility of stocks. Partnering with FX2 is a very simple process and takes only a day to complete.

If your firm is ready to take its clients’ performance in Fixed Income to the next level with the top performing Fixed Income SMA among its peer groups as ranked by independent third parties (High Yield – Morningstar & Short Term – Informa) for 1,3, and 5 year trailing return periods, please contact Randy Durig, Principal of Durig Capital, Inc., at (971) 732-5119, or email him at rdurig@durig.com.

Past Performance may not be indicative of future results.

Informa Ranked Durig Capital’s FX2 1st in Performance for Short Term Fixed Income

Durig’s FX2 Portfolio – Third Quarter Rankings from Informa

Informa Investment Solutions benchmarked Durig Capital’s Fixed Income 2 (FX2) Portfolio against its peer group of short term fixed income SMA’s (Separately Managed Accounts) in it’s PSN database.

Here is how Durig’s FX2 Portfolio was Ranked Third Quarter of 2018:

 

Durig Capital Rank Time Period Number of Competitors
1st 1 Year 126
1st 2 Years 125
1st 3 Years 124
1st 5 Years 120
1st Since Inception 110

 

 

 

Growth Of $1,000

riod Durig FX2 Benchmark Durig Premium
1  Year $ 1,132 $ 1,000 $ 132
2 Years $ 1,340 $ 1,003 $ 337
3 Years $ 1,690 $ 1,011 $ 679
4 Years $ 1,471 $ 1,024 $ 447
5 Years $ 1,604 $ 1,029 $ 575
6 Years $ 1,759 $ 1,033 $ 727
Inception $ 1,961 $ 1,037 $ 923

 

Durig’s FX2 Portfolio – Rate of Return

 

Time Period Durig Capital Return Benchmark Durig’s FX2 Excess Return
1 Year 13.16 -0.01 13.17
2 Years 15.74  0.13 15.62
3 Years 19.11  0.38 18.73
4 Years 10.13  0.58  9.55
5 Years  9.91  0.57  9.34
6 Years  9.87  0.54  9.33
Inception 10.49  0.54  9.95

 

If you have additional questions about FX2 please do not hesitate to contact us.

 

Past performance is no guarantee of future returns.

 

Need Income? You Need FX2.

Durig’s FX2 Portfolio – Helping to Solve Your Income Needs  

Performance Review of Durig’s FX2 Portfolio

  • Morningstar’s Top Performing Fixed Income SMA in Trailing 1, 3 & 5 Year Returns, Q1 2018, Q2 2018
  • Up 10.94% YTD
  • Up 12.64% Trailing 1 Year Return
  • Up 17.54% Trailing 3 Year Return
  • Up 9.59% Trailing 5 Year Return

  • Annualized Return Since Inception (12-30-2011) of 9.91%
    • We know of no other Fixed Income SMA that has outperformed us, there may be some but we have not found any

#1 Performer in a Rising Rate Environment

  • Fx2 is well suited for a rising interest rate environment

FX2 Benchmark Performance

  • The performance of FX2 stands out amongst our peers

Historical Returns of FX2 vs. S&P 500

  • Our returns have greatly outperformed our peer group
    • We are one of the few bond portfolios that has provided S&P like historical returns with about half the volatility, giving us a monster alpha of 8.44 vs the S&P 500

Superior Upside vs. Downside Risk Profile

  • In upside/downside participation we have outperformed almost all our *peers 2 to 1
    • *While the S&P 500 is not our peer, we have included them here to better judge our overall performance to the market as a whole

Disclosure: This report demonstrates how our clients aggregated Fixed Income 2 (FX2) Managed Income Portfolios have performed as of October 1st, 2018 and provides a brief analysis on the performance metrics of the FX2 portfolio.

Disclosure: Past performance is no guarantee of future results. FX2 is a composite of individual (segregated) bond accounts comprised of individual bond positions, with return averages both higher and lower than the FX2 composite returns. Individual (segregated) accounts are a different investment vehicle than bond funds, offering more easily customized asset allocation and tax accountability compared to having all the investments held in one single large pool.

2 Quarters in a Row Morningstar has Ranked Durig FX2 as the Top Performing Fixed Income SMA for 1, 3, an 5 years

The Morningstar Direct SMA Database recently began tracking the performance of Durig Capital’s FX2 Portfolio, and as of both Q1 2018 and Q2 2018, was ranked first among our peers in Fixed Income by Morningstar in the following major return categories:

  • Trailing 1 Year Return, 21.1%
  • Trailing 3 Year Return, 14.7%
  • Trailing 5 year Return, 10.2%

Morningstar also claimed Durig FX2 was the top performing fixed income SMA among its peer group in the last significant interest rate spike:

Source: Morningstar Direct SMA Database

 

  • Durig Capital is honored to introduce to TD Ameritrade Advisors Morningstar’s top performing SMA and the opportunity to work with our FX2 individually segregated bond accounts.  The FX2 Portfolio specializes in converting raw wealth into much higher levels of income, and in turn, increased quality of life for clients.

FX2 Investor Presentation

Click the image or link to download Durig’s FX2 Investor Presentation

If you have any questions, please feel free to call, email, or ask below and we will follow up with you promptly


Morningstar Ranked Durig’s FX2 as the Top Performing Fixed Income SMA for 1, 3 & 5 Years

The Morningstar Direct SMA Database recently began tracking the performance of Durig Capital’s FX2 Portfolio, and as of Q1 2018, was ranked first among our peers in Fixed Income by Morningstar in the following major return categories:

 

  • Trailing 3 Month Return, 5.55%
  • Trailing 6 Month Return, 5.98%
  • Trailing 1 Year Return, 14.29%
  • Trailing 3 Year Return, 13.63%
  • Trailing 5 year Return, 9.2%

                                              Source: Morningstar Direct SMA Database

Durig Capital is honored to introduce to TD Ameritrade Advisors Morningstar’s top performing SMA and the opportunity to work with our FX2 individually segregated bond accounts.  The FX2 Portfolio specializes in converting raw wealth into much higher levels of income, and in turn, increased quality of life for clients.

FX2 Portfolio: Benchmark Performance Review

Durig Capital’s Fixed Income 2 (FX2) Portfolio Review

  • Performance Review of Durig Capital’s Fixed Income 2 (FX2) Managed Income Portfolio
  • Up 10.49% YTD
  • Up 20.94% Trailing 1 Year Return
  • Up 14.49% Trailing 3 Year Return
  • Up 10.14% Trailing 5 Year Return

The relatively standard benchmarks shown below are compared to the Year-to-Date (YTD) and Trailing 1 year, Trailing 3 year and Trailing 5 year returns, provided by the High-Yield Bond Mutual Fund database provided by Morningstar. We estimate that Morningstar tracks the performance of and benchmarks close to 800 High-Yielding Bond Mutual Funds, and on July 2nd, 2018, this is how our clients aggregated Fixed Income 2 (FX2) Managed Income Portfolios compared to Morningstar’s high-yield bond fund database:

YTD

Year-to-Date, FX2 aggregated returns are up 10.49%.

  1. Highland Opportunistic Credit Z (HNRZX), 7.23% YTD
  2. Highland Opportunistic Credit A (HNRAX), 7.01% YTD
  3. Highland Opportunistic Credit C (HNRCX), 6.73% YTD
  • The average YTD return among the high-yield bond mutual funds listed was  – 0.17%

Trailing 1 Year

For a Trailing 1 Year period, FX2 aggregated returns were up 20.94%.

  1. Highland Opportunistic Credit Z (HNRZX), 10.93%
  2. Highland Opportunistic Credit A (HNRAX), 10.77%
  3. Highland Opportunistic Credit C (HNRCX), 10.21%
  • The average Trailing 1 Year return among the high-yield bond mutual funds listed was 2.27%

Trailing 3 Year

For a Trailing 3 Year period, FX2 aggregated returns were up 14.49%.

  1. Artisan High Income Advisor (APDFX), 7.29%
  2. Artisan High Income Investor (ARTFX), 7.10%
  3. Fairholme Focused Income (FOCIX), 7.09%
  • The average Trailing 3 Year return among the high-yield bond mutual funds listed was 4.18%

Trailing 5 Year

For a Trailing 5 Year period, FX2 aggregated returns were up 10.14%.

  1. Fidelity Capital & Income (FAGIX), 7.05%
  2. T. Rowe Price US High Yield I (TUHIX), 6.96%
  3. Fidelity Advisor High Income Advantage I (FAHCX), 6.84%
  • The average Trailing 5 Year return among the high-yield bond mutual funds listed was 4.35%

FX2 Risk & Reward

When benchmarked against Bloomberg Barclays US Aggregate Bond Index, FX2 provides:

  • Excess Return of 11.82%
  • Alpha (active return on investment) of 12.75
  • Beta (correlation to overall market) of 0.10
  • Max Drawdown of -15.38
  • Upside Capture Ratio of 224.95
  • Downside Capture Ratio of -123.60

About Durig Capital

Durig Capital provides investors with a specialized, transparent fiduciary service at a very low cost. Our FX2 (Discretionary Management) Portfolio over time has greatly outperformed our FX1 (Non-discretionary) Portfolio, giving significantly higher returns (at times double the returns of FX1). Our professional service enables access to a broad spectrum of bond, high yields, and lower price points that are often found in less efficient markets, but not evidenced in many bond services.

Most of our client accounts are custodied in their own name at TD Ameritrade Institutional, a large discount service provider that is SPIC insured, or at Interactive Brokers. We have now started offering our highly successful FX2 service to clients of other Registered Investment Advisors through segregated accounts at TD Ameritrade. Please ask us to learn how this might work for you and your current advisor.

We track thousands of bond issues and their underlying fundamentals for months, sometimes years, before finding any that achieve or surpass the targeted criteria we have found to be successful.  Our main priority is to provide the best opportunities for our clients.  Our bond reviews are first distributed to our clients, then published on our website and our free email newsletter, and lastly on the Internet and distributed to thousands of prospective clients and competitive firms. Bond selections may not be published if they have very limited availability or liquidity, or viewed as not being in the best interests of our clients. When high yielding bonds with improving fundamentals are acquired at lower costs, Durig Capital believes that investors will appreciate earning higher incomes with our superior high income, low cost, fiduciary services.

Please note that all yield and price indications are shown from the time of our research.  Our reports are never an offer to buy or sell any security. We are not a broker/dealer, and reports are intended for distribution to our clients. As a result of our institutional association, we frequently obtain better yield/price executions for our clients than is initially indicated in our reports.  We welcome inquiries from other advisors that may also be interested in our work and the possibilities of achieving higher yields for retail clients.

Disclosure: Past performance is no guarantee of future results. FX2 is a composite of individual (segregated) bond accounts comprised of individual bond positions, with return averages both higher and lower than the FX2 composite returns. Individual (segregated) accounts are a different investment vehicle than bond funds, offering more easily customized asset allocation and tax accountability compared to having all the investments held in one single large pool.


A+ Rating with the BBB!
Bond-Yields.com I Distressed Debt 1 Hedge Fund

FX2 Portfolio Performance Review

Durig Capital’s Fixed Income 2 (FX2) Portfolio Review

  • Performance Review of Durig Capital’s Fixed Income 2 (FX2) Managed Income Portfolio
  • Up 12.17% YTD
  • Up 22.53% Trailing 1 Year Return
  • Up 15.20% Trailing 3 Year Return
  • Up 10.53% Trailing 5 Year Return

The relatively standard benchmarks shown below are compared to the Year-to-Date (YTD) and Trailing 1 year, Trailing 3 year and Trailing 5 year returns, provided by the High-Yield Bond Mutual Fund database provided by Morningstar. We estimate that Morningstar tracks the performance of and benchmarks close to 800 High-Yielding Bond Mutual Funds, and on June 1st, 2018, this is how our clients aggregated Fixed Income 2 (FX2) Managed Income Portfolios compared to Morningstar’s high-yield bond fund database:

YTD

Year-to-Date, FX2 aggregated returns are up 12.17%.

  1. Highland Opportunistic Credit Z (HNRZX), 7.41% YTD
  2. Highland Opportunistic Credit A (HNRAX), 6.98% YTD
  3. Highland Opportunistic Credit C (HNRCX), 6.74% YTD
  • The average YTD return among the high-yield bond mutual funds listed was  – 0.62%

Trailing 1 Year

For a Trailing 1 Year period, FX2 aggregated returns were up 22.53%.

  1. Highland Opportunistic Credit Z (HNRZX), 10.39%
  2. Highland Opportunistic Credit A (HNRAX), 9.98%
  3. Highland Opportunistic Credit C (HNRCX), 9.47%
  • The average Trailing 1 Year return among the high-yield bond mutual funds listed was 1.75%

Trailing 3 Year

For a Trailing 3 Year period, FX2 aggregated returns were up 15.20%.

  1. Diamond Hill High Yield Y (DHHYX), 6.94%
  2. Artisan High Income Advisor (APDFX), 6.88%
  3. Diamond Hill High Yield I (DHHIX), 6.84%
  • The average Trailing 3 Year return among the high-yield bond mutual funds listed was 3.43%

Trailing 5 Year

For a Trailing 5 Year period, FX2 aggregated returns were up 10.53%.

  1. Fidelity Capital & Income (FAGIX), 6.48%
  2. T. Rowe Price US High Yield I (TUHIX), 6.31%
  3. Fidelity Advisor High Income Advantage I (FAHCX), 6.25%
  • The average Trailing 5 Year return among the high-yield bond mutual funds listed was 3.60%

FX2 Risk & Reward

When benchmarked against Bloomberg Barclays US Aggregate Bond Index, FX2 provides:

  • Excess Return of 12.91%
  • Alpha (active return on investment) of 13.48
  • Beta (correlation to overall market) of 0.26
  • Max Drawdown of -16.20
  • Upside Capture Ratio of 228.98
  • Downside Capture Ratio of -121.80

About Durig Capital

Durig Capital provides investors with a specialized, transparent fiduciary service at a very low cost. Our FX2 (Discretionary Management) Portfolio over time has greatly outperformed our FX1 (Non-discretionary) Portfolio, giving significantly higher returns (at times double the returns of FX1). Our professional service enables access to a broad spectrum of bond, high yields, and lower price points that are often found in less efficient markets, but not evidenced in many bond services.

Most of our client accounts are custodied in their own name at TD Ameritrade Institutional, a large discount service provider that is SPIC insured, or at Interactive Brokers. We have now started offering our highly successful FX2 service to clients of other Registered Investment Advisors through segregated accounts at TD Ameritrade. Please ask us to learn how this might work for you and your current advisor.

We track thousands of bond issues and their underlying fundamentals for months, sometimes years, before finding any that achieve or surpass the targeted criteria we have found to be successful.  Our main priority is to provide the best opportunities for our clients.  Our bond reviews are first distributed to our clients, then published on our website and our free email newsletter, and lastly on the Internet and distributed to thousands of prospective clients and competitive firms. Bond selections may not be published if they have very limited availability or liquidity, or viewed as not being in the best interests of our clients. When high yielding bonds with improving fundamentals are acquired at lower costs, Durig Capital believes that investors will appreciate earning higher incomes with our superior high income, low cost, fiduciary services.

Please note that all yield and price indications are shown from the time of our research.  Our reports are never an offer to buy or sell any security. We are not a broker/dealer, and reports are intended for distribution to our clients. As a result of our institutional association, we frequently obtain better yield/price executions for our clients than is initially indicated in our reports.  We welcome inquiries from other advisors that may also be interested in our work and the possibilities of achieving higher yields for retail clients.

Disclosure: Past performance is no guarantee of future results. FX2 is a composite of individual (segregated) bond accounts comprised of individual bond positions, with return averages both higher and lower than the FX2 composite returns. Individual (segregated) accounts are a different investment vehicle than bond funds, offering more easily customized asset allocation and tax accountability compared to having all the investments held in one single large pool.

FX2 – Fixed Income 2 Portfolio Benchmark Performance Review

Durig Capital’s Fixed Income 2 (FX2) Portfolio Benchmark Performance Review

  • Benchmark Performance Review of Durig Capital’s Fixed Income 2 (FX2) Managed Income Portfolio
  • Up 8.66% YTD
  • Up 15.89% Trailing 1 Year Return
  • Up 13.58% Trailing 3 Year Return
  • Up 10.13% Trailing 5 Year Return

The relatively standard benchmarks shown below are compared to the Year-to-Date (YTD) and Trailing 1 year, Trailing 3 year and Trailing 5 year returns, provided by the High-Yield Bond Mutual Fund database provided by Morningstar. We estimate that Morningstar tracks the performance of and benchmarks close to 800 High-Yielding Bond Mutual Funds, and on May 7th, 2018, this is how our clients aggregated Fixed Income 2 (FX2) Managed Income Portfolios compared to Morningstar’s high-yield bond fund database:

YTD

Year-to-Date, FX2 returns are up 8.66%.

  1. Highland Opportunistic Credit Z (HNRZX), 5.91% YTD
  2. Highland Opportunistic Credit A (HNRAX), 5.75% YTD
  3. Highland Opportunistic Credit C (HNRCX), 5.55% YTD
  • The average YTD return among the high-yield bond mutual funds listed was  – 0.51%
  • FX2 aggregated year to date returns were 1,798% above the average YTD return of the high-yield bond mutual funds listed

Trailing 1 Year

For a Trailing 1 Year period, FX2 returns were up 15.89%.

  1. Highland Opportunistic Credit Z (HNRZX), 9.26%
  2. Highland Opportunistic Credit A (HNRAX), 9.11%
  3. Highland Opportunistic Credit C (HNRCX), 8.35%
  • The average Trailing 1 Year return among the high-yield bond mutual funds listed was 2.69%
  • FX2 aggregated Trailing 1 Year  returns were 490% above the average Trailing 1 Year  return of the high-yield bond mutual funds listed

Trailing 3 Year

For a Trailing 3 Year period, FX2 returns were up 13.58%.

  1. Artisan High Income Advisor (APDFX), 6.99%
  2. Artisan High Income Investor (ARTFX), 6.81%
  3. Credit Suisse Strategic Income I (CSOIX), 6.29%
  • The average Trailing 3 Year return among the high-yield bond mutual funds listed was 3.63%
  • FX2 aggregated Trailing 3 Year  returns were 274% above the average Trailing 3 Year  return of the high-yield bond mutual funds listed

Trailing 5 Year

For a Trailing 5 Year period, FX2 returns were up 10.13%.

  1. T. Rowe Price US High Yield I (TUHIX), 6.24%
  2. Fidelity Capital & Income (FAGIX), 6.00%
  3. T. Rowe Price US High Yield Advisor (TUHAX), 5.97%
  • The average Trailing 5 Year return among the high-yield bond mutual funds listed was 3.38%
  • FX2 aggregated Trailing 5 Year  returns were 199% above the average Trailing 5 Year  return of the high-yield bond mutual funds listed

About Durig Capital

Durig Capital provides investors with a specialized, transparent fiduciary service at a very low cost. Our FX2 (Discretionary Management) Portfolio over time has greatly outperformed our FX1 (Non-discretionary) Portfolio, giving significantly higher returns (at times double the returns of FX1). Our professional service enables access to a broad spectrum of bond, high yields, and lower price points that are often found in less efficient markets, but not evidenced in many bond services.

Most of our client accounts are custodied in their own name at TD Ameritrade Institutional, a large discount service provider that is SPIC insured, or at Interactive Brokers. We have now started offering our highly successful FX2 service to clients of other Registered Investment Advisors through segregated accounts at TD Ameritrade. Please ask us to learn how this might work for you and your current advisor.

We track thousands of bond issues and their underlying fundamentals for months, sometimes years, before finding any that achieve or surpass the targeted criteria we have found to be successful.  Our main priority is to provide the best opportunities for our clients.  Our bond reviews are first distributed to our clients, then published on our website and our free email newsletter, and lastly on the Internet and distributed to thousands of prospective clients and competitive firms. Bond selections may not be published if they have very limited availability or liquidity, or viewed as not being in the best interests of our clients. When high yielding bonds with improving fundamentals are acquired at lower costs, Durig Capital believes that investors will appreciate earning higher incomes with our superior high income, low cost, fiduciary services.

Please note that all yield and price indications are shown from the time of our research.  Our reports are never an offer to buy or sell any security. We are not a broker/dealer, and reports are intended for distribution to our clients. As a result of our institutional association, we frequently obtain better yield/price executions for our clients than is initially indicated in our reports.  We welcome inquiries from other advisors that may also be interested in our work and the possibilities of achieving higher yields for retail clients.

Disclosure: Past performance is no guarantee of future results. FX2 is a composite of individual (segregated) bond accounts comprised of individual bond positions, with return averages both higher and lower than the FX2 composite returns. Individual (segregated) accounts are a different investment vehicle than bond funds, offering more easily customized asset allocation and tax accountability compared to having all the investments held in one single large pool.

FX2 – Great Risk Adjusted Returns – Excess Returns of 9.33% & Over – Alpha of 8.01 & More.

Updated 3-19-2018

FX2 Risk-adjusted returns, bench marked against three well known funds, over the last three years when Mr Durig became the fund manager.

Fx2 benchmarks against several bond funds including several of the top high yield benchmarks.  When considering the Barclay High Yield ETF (our strongest & closest peer), FX2 provides an amazing excess return of 9.33% annually over that of the Barclay High Yield ETF, and for only 10 basis points above their annual management cost.

In a down market, Fx2’s Max Drawdown (with Mr. Durig  at the helm) under-preformed the Barclay High Yield ETF (our strongest & closest peer) by (5.39%), but still provided roughly twice the upside capture ratio of our closest peer.