Net Payout Yield Large-Cap Dividend & Buyback Stocks

Set by the Portfolio Manager

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Manager Portfolios

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0.25%-0.75% annual; IA retains 0.25%, remainder paid to the Portfolio Manager; fee negotiated between IA and the manager

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Equity securities (exchange-listed, certain OTC, ADRs) and ETFs; Portfolio Managers cannot use leverage/margin

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Most $500-$50,000; majority $10,000 and below

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To be selected, managers are screened (e.g. AUM, own money in the strategy), fill in a questionnaire on portfolio construction, risk control and strategy guidelines, share historical trade data, and pass a live test period during which clients cannot invest. Managers license their trade data and have no discretion over client accounts. IA receives no compensation from managers and does not pay them for referrals.

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Risk score 1-5 assigned by IA; reevaluated at least annually

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Not available (TLH only for the Asset Allocation Portfolio)

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Net Payout Yields is designed to be a conservative strategy. It offers a diversified selection of large cap stocks that offer dividends and/or are buying back stock. The net payout yield goal for the strategy is 8%, defined by the amount a company spends on stock buybacks and dividends as a percentage of its stock price (adjusted for the amount a company receives for issuing new stock). The dividend yield objective for the strategy is 2 to 3%. Of course, stock dividends reflect past performance and there is no guarantee they will continue to be paid.

Stone Fox Capital is an individual investment manager based in Tulsa, Oklahoma. Mark Holder has more than 18 years of investment industry experience and is a member of the Oklahoma Society of CPAs. Mark takes a long-term approach to investing. He focuses on fundamental analysis and identifying market trends. Mark believes that the best opportunities may arise from ideas that are not fully understood or appreciated by others in the market. Get invested STEP 1 Fill out the application It's easy and only takes a few minutes. STEP 2 Explore our portfolios Or choose one based on your preferences STEP 3 Make your 1 st investment Our technology ensures it is suited for you Sign up today! Disclosures Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings. This portfolio was launched on Interactive Advisors on November 04, 2010, when clients were able to start investing in it. All performance information on this page is actual performance of the Portfolio Manager’s account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ . All Portfolio Manager information including personal data, profiles, and strategies has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions (when commissions were charged). Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors’ advisory fees are simulated and applied retroactively to present the portfolio return “net-of-fees”. In addition to Interactive Advisors’ management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by ETF issuers if the portfolio contains ETFs.

Capital growth plus with a more complex portfolio or higher risk profile than broad equity markets. Investing in equities and concentrated portfolios and prepared to accept fluctuation in portfolio value.

The strategy will typically hold up to 30 positions. Some stocks will be given smaller positions if Mark believes they are too risky to warrant a larger one. He typically replaces stocks when their yields decline with higher-yielding stocks.

Mark mainly invests in stocks in the S&P 500 with market caps above $10 billion. He also invests 10 to 20% in large caps to increase the return potential while maintaining volatility generally in line with the S&P 500.

A few exchange-traded funds (ETFs) may be held in an effort to improve diversification and to reduce risk.

Mark screens companies for high net payout yields, then selects the ones that he believes are of high quality; he will not automatically select just the highest-yielding stocks. Mark conducts additional fundamental research in an effort to avoid companies that he believes may become distressed.

Mark will sell stocks when their stock yields drop below his target. That may happen due to stock price increases that drive down yields, dividend cuts, or changes to stock repurchase plans.