Navigator Tactical Allocation

Navigator Accounts: Allocation

Summary

The Navigator Tactical Allocation Account strives to provide capital appreciation and current income by actively shifting allocations across investments. These portfolios have material shifts across equity regions, and bond sectors on a frequent basis. The account has minimum exposures of 10% in bonds and 20% in equity. The portfolio manager makes shifts in sector or regional allocations either through a gradual shift over three years or through a series of material shifts on a quarterly basis. Within a three year period, typically the average quarterly changes between equity regions and bond sectors exceeds 15% or the difference between the maximum and minimum exposure to a single equity region or bond sector exceeds 50%.

Benchmark: S&P Target Date Retirement Income Index (TR)

Core Facts

Asset Class Allocation
Category Tactical Allocation
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.30%
Minimum investment [4] $10,000 US
Account number ALL093
Account manager Galleon Wealth Management
Region Global
Market Developed

Capitalization

Value

Blend

Growth
LG
MD


SM


Style

Portfolio composition by security (top holdings)

Top Holdings

Company NameForward Annual Div Yield1yr Target EstEPS Est Next YearForward P/E
NVIDIA Corporation0.27%246.637.2534.34
Amazon.com, Inc.-2,173.4826.8469.97
Adobe Inc.-348.0811.6129.75
Microsoft Corporation1.23%168.536.0627.42
Mastercard Incorporated0.51%329.719.0535.39
UnitedHealth Group Incorporated1.46%334.4418.9815.85
Visa Inc.0.60%211.537.2227.83
Apple Inc.0.99%285.6015.1120.86
Salesforce.com, inc.-195.223.1058.93
Thermo Fisher Scientific Inc.0.23%342.4713.6124.74

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 Date1/1/14
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkGoldman Sachs Growth&Inc Strat A
Portfolio Performance
MetricNavigator Tactical AllocationGoldman Sachs Growth&Inc Strat A
Start Balance$10,000 $10,000
End Balance$27,079 $13,492
End Balance (inflation adjusted)$24,558 $12,236
CAGR18.06%5.12%
CAGR (inflation adjusted)16.15%3.42%
Stdev11.07%7.40%
Best Year32.86%18.60%
Worst Year6.85%-8.94%
Max. Drawdown-8.51%-12.37%
Sharpe Ratio1.490.59
Sortino Ratio2.790.91
US Stock Market Correlation0.910.92
Risk and Return Metrics
MetricNavigator Tactical AllocationGoldman Sachs Growth&Inc Strat A
Arithmetic Mean (monthly)1.44%0.44%
Arithmetic Mean (annualized)18.76%5.40%
Geometric Mean (monthly)1.39%0.42%
Geometric Mean (annualized)18.06%5.12%
Volatility (monthly)3.19%2.14%
Volatility (annualized)11.07%7.40%
Downside Deviation (monthly)1.67%1.36%
Max. Drawdown-8.51%-12.37%
US Market Correlation0.910.92
Beta (*)1.281
Alpha (annualized)10.55%0.00%
R Squared73.81%100.00%
Sharpe Ratio1.490.59
Sortino Ratio2.790.91
Treynor Ratio (%)12.814.4
Calmar Ratio2.620.64
Active Return12.94%N/A
Tracking Error6.04%N/A
Information Ratio2.14N/A
Skewness-0.33-0.24
Excess Kurtosis0.340.91
Historical Value-at-Risk (5%)-4.84%-3.79%
Analytical Value-at-Risk (5%)-3.78%-3.08%
Conditional Value-at-Risk (5%)-6.23%-4.64%
Upside Capture Ratio (%)194.51100
Downside Capture Ratio (%)83.18100
Safe Withdrawal Rate26.43%17.99%
Perpetual Withdrawal Rate13.91%3.31%
Positive Periods52 out of 72 (72.22%)48 out of 72 (66.67%)
Gain/Loss Ratio1.210.87
(*) Goldman Sachs Growth&Inc Strat A is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryNavigator Tactical AllocationGoldman Sachs Growth&Inc Strat A
Large-cap Value11.43%11.24%
Large-cap Growth82.58%12.39%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%7.10%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets0.00%25.07%
Emerging Markets0.00%7.81%
REITs1.10%0.00%
Corporate Bonds0.00%13.24%
Long-Term Treasuries2.24%0.00%
Intermediate-Term Treasuries2.64%0.00%
Short-Term Treasuries0.00%23.15%
R Squared88.91%97.34%
Style analysis is based on monthly returns from Jan 2014 to Dec 2019 and uses total portfolio return with monthly rebalancing. Returns based style analysis aims to explain the portfolio returns based on asset class exposures, it does not identify the actual portfolio holdings.
Asset Allocation
CategoryWeight
US Stocks100.00%
Intl Stocks0.00%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap100.00%
Mid Cap0.00%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials2.38%
Consumer Cyclical23.80%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive16.66%
Healthcare23.80%
Utilities0.00%
Communication Services0.00%
Energy0.00%
Industrials0.00%
Technology16.66%
Miscellaneous9.56%
Capital Goods7.14%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Oct-18Dec-183 monthsMar-193 months6 months-8.51%
2Aug-15Aug-151 monthOct-152 months3 months-5.52%
3May-19May-191 monthJun-191 month2 months-5.48%
4Feb-18Mar-182 monthsJul-184 months6 months-5.09%
5Jan-16Feb-162 monthsMar-161 month3 months-4.80%
6Jan-14Jan-141 monthFeb-141 month2 months-3.51%
7Aug-16Oct-163 monthsJan-173 months6 months-3.27%
8Dec-14Jan-152 monthsFeb-151 month3 months-3.10%
9Mar-15Mar-151 monthMay-152 months3 months-1.56%
10Jun-15Jun-151 monthJul-151 month2 months-1.51%
Rolling Returns
YearNavigator Tactical Allocation 3-year annualized returnNavigator Tactical Allocation 5-year annualized returnGoldman Sachs Growth&Inc Strat A 3-year annualized returnGoldman Sachs Growth&Inc Strat A 5-year annualized return
201614.00%N/A2.45%N/A
201717.15%N/A6.92%N/A
201814.33%15.31%3.82%2.61%
201922.26%17.94%7.86%5.71%