W INDSOR S ECURITIES T ACTICAL R ETURN P ORTFOLIOS Alternative Asset Management Since 1973
Since its acquisition in 1973, Windsor has invested assets through frequent re-allocation among open-ended mutual funds, attempting to take advantage of larger market moves. The allocation strategies are generally systematic and based on technical analysis, involving multi-layered analyses based on pattern recognition, momentum, trend following and short-term reversion, relative strength, volatility, and other breadth and volume indicators. Client assets may grow or shrink in a fashion non-correlated to US equities. See specific strategy descriptions for exceptions, additions, and clarifications to this broad description. The goal with each strategy is achieve positive results over the long term, partially by to attempting to preserve capital and minimizes losses.
Past Performance is not a guarantee of future results All information contained herein is for informational purposes and should not be construed as investment advice. It does not constitute an offer, solicitation or recommendation to purchase any security or investment advisory services nor shall any such security or investment advisory service be offered or sold to any person in any jurisdiction in which such offer, solicitation, recommendation, purchase or sale would be unlawful under the securities laws of such jurisdiction. For more detailed information about Windsor’s business operations, advisory services and fees, please request the firm’s Form ADV Part IIA, also publicly available on the SEC’s website. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Windsor and/or its affiliates) will be profitable or equal to any historical performance level(s).
12/2/2016
Windsor Securities Tactical Return Portfolios Alternative Asset Management Since 1973 Windsor Income II Tactical Treasury Strategy (WI2) The WI2 Strategy is a new trading model which looks to capture short- to middle-term moves in long term United States government bond securities, using as surrogates (1) ProFunds Mutual Funds “U.S. Government Plus” (for long exposure) and ”Rising Rate Opportunity” (for short exposure), or (2) the “TLT” (for long exposure) and “TBT” (for short exposure) exchange traded funds (ETFs). The algorithm-based program seeks to make money in both falling and rising interest rate environments. It never takes more than 100% exposure to the treasury market and typically has an exposure of 60% or less. WI2’s holding period ranges from days to weeks. The inception date for WI2 is August 25, 2015, with back tests to September, 2002. WI2 is among the least volatile of Windsor’s strategies.
Windsor Non-Correlated All Class Growth Strategy (DWAC) DWAC makes daily trading decisions, investing in equity index mutual funds reflecting moves in the S&P 500 and Russell 2000 (an alternate version, investing the S&P 500 and Nasdaq 100, has been trading a bit longer). The program invests in mutual funds which move directly with their underlying indexes (and so gain value when these indexes gain, and lose value when these indexes lose) or mutual funds which move inversely to these indexes (and so lose value when these indexes advance, and gain value when these indexes decline). When invested, DWAC invests at either beta 1.0 or beta 2.0 (positive or negative), in the above referenced indexes. While direct leverage is not used with this strategy, the use of mutual funds which move up to twice as much as the underlying indexes magnifies potential gains or losses. The inception date for DWAC is March 1, 2008. DWAC is Windsor’s most volatile strategy.
Windsor Triple Advantage Strategy (WTAS) Using longer-term analysis methods, WTAS takes weekly positions, and some weeks does not take an exposed position. No positions are held over the weekend. When invested, WTAS takes equal positions in instruments mirroring the S&P 500 and the Nasdaq 100, always at total beta of 1.0 (positive or negative). The strategy holds those positions for a maximum duration of four days. The inception date for WTAS is October 1, 2014, with back tests to January, 1987. WTAS has middle volatility relative to Windsor’s other models.
Windsor Tactical Income Strategy (WTI) The WTI Strategy uses proprietary mathematical models to gauge the probability of short- to intermediate-term moves up in the broad and high yield bond markets. When anticipating a move higher, the strategy invests in high yield bond mutual funds. WTI trades far less frequently than any of our other strategies – averaging 4 trades per year – and does not attempt to take advantage of declining markets. Instead, the strategy positions itself in money market funds to preserve capital during periods of anticipated market decline. WTI’s objectives are capital growth uncorrelated with equity, bond, and CTA indexes, absolute returns in all market scenarios, adding diversification to portfolios with other assets. WTI has the longest track audited record among Windsor’s models: as reported by our subadvisor, WTI began "live" trading in 1992. WTI is the least volatile of Windsor’s strategies.
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