Navigator Convertibles

Navigator Accounts: Allocation

Summary

The Navigator Convertible Bond Account strives for capital-appreciation potential of stock portfolios while also supplying some of the safety and yield of bond portfolios. It focuses on convertible bonds and convertible preferred stocks. Convertible bonds allow investors to convert the bonds into shares of stock, usually at a preset price. These types of securities have the characteristics of both stocks and bonds.

Benchmark: S&P 500 Bond Index

Core Facts

Asset Class Allocation
Category Convertibles
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.30%
Minimum investment [4] $20,000 US
Account number ALL092
Account manager Galleon Wealth Management
Region Global
Market Developed

Portfolio composition by security (top holdings)

Top Holdings

Company NameForward Annual Div Yield
QTS Realty Trust, Inc.5.03%
CenterPoint Energy, Inc.7.35%
Sempra Energy5.00%
Crown Castle International Corp6.17%
Bank of America Corporation4.84%
Wells Fargo & Company5.03%
Columbia Convertible Securities Fund Class A2.16%
iShares Convertible Bond ETF1.87%
Becton, Dickinson and Company-
Broadcom Inc.7.05%

Overall Risk

The risk rating is based on the account’s past performance as compared to mutual funds and/or ETFs within the same category. It represents a starting point from which investors evaluate if the core makes sense for their own risk tolerance, suitability, goals and objectives. It is not a buy or sell recommendation. There are many types of risk, including interest rate, market, political, and currency. Each type of risk can affect the value of the securities in your account.

Overview       
Start Date1/1/18
End Date2/28/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard Convertible Securities Inv
Portfolio Performance
MetricNavigator ConvertiblesVanguard Convertible Securities Inv
Start Balance$10,000 $10,000
End Balance$11,161 $10,061
End Balance (inflation adjusted)$10,884 $9,812
CAGR9.87%0.52%
CAGR (inflation adjusted)7.53%-1.61%
Stdev14.04%7.20%
Best Year10.34%3.42%
Worst Year1.15%-2.72%
Max. Drawdown-9.89%-7.70%
Sharpe Ratio0.6-0.17
Sortino Ratio0.9-0.21
US Stock Market Correlation0.970.87
Risk and Return Metrics
MetricNavigator ConvertiblesVanguard Convertible Securities Inv
Arithmetic Mean (monthly)0.86%0.06%
Arithmetic Mean (annualized)10.88%0.77%
Geometric Mean (monthly)0.79%0.04%
Geometric Mean (annualized)9.87%0.52%
Volatility (monthly)4.05%2.08%
Volatility (annualized)14.04%7.20%
Downside Deviation (monthly)2.61%1.56%
Max. Drawdown-9.89%-7.70%
US Market Correlation0.970.87
Beta (*)1.731
Alpha (annualized)9.05%0.00%
R Squared78.92%100.00%
Sharpe Ratio0.6-0.17
Sortino Ratio0.9-0.21
Treynor Ratio (%)4.86-1.2
Active Return9.35%N/A
Tracking Error8.33%N/A
Information Ratio1.12N/A
Skewness-0.58-1.04
Excess Kurtosis0.381.67
Historical Value-at-Risk (5%)-7.23%-4.99%
Analytical Value-at-Risk (5%)-5.53%-3.36%
Conditional Value-at-Risk (5%)N/AN/A
Upside Capture Ratio (%)230.41100
Downside Capture Ratio (%)119.01100
Safe Withdrawal Rate99.25%95.46%
Perpetual Withdrawal Rate8.13%0.00%
Positive Periods9 out of 14 (64.29%)7 out of 14 (50.00%)
Gain/Loss Ratio0.971.09
(*) Vanguard Convertible Securities Inv is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks36.63%
Intl Stocks0.05%
US Bonds0.00%
Intl Bonds0.00%
Other62.36%
Cash0.95%
Equity Market Capitalization
CategoryWeight
Large Cap100.00%
Mid Cap0.00%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials0.61%
Consumer Cyclical0.00%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare91.79%
Utilities5.01%
Communication Services0.00%
Energy0.00%
Industrials1.31%
Technology1.28%
Fixed Income Credit Quality
CategoryWeight
AAA0.64%
AA0.00%
A3.41%
BBB5.36%
Non-Investment Grade24.02%
Not Rated66.57%