The Charitable Equity Opportunities Account

Galleon Accounts: Special Purpose

Summary

The Charitable Equity Opportunities Account (CEO) seeks better-than-average returns as compared to its benchmark. It is equally committed to providing ongoing charitable contributions to the account owner(s) preferred charity through donations made by the firm. The account spans different industries, sectors, and geographic opportunities, typically of large capitalization company stock and underlying investment-grade corporate bonds.

As the account does not operate as an index fund, but rather, an investment strategy based on the philanthropic activities of its core equity holdings, it should not be viewed as an indexed fund. Nevertheless, it is loosely benchmarked to the S&P 500 Index for comparative purposes only. The account maintains a buy-and-hold strategy, and seeks long-term capital appreciate through growth, and cash-flow through dividends and interest payments. The account does not support margin or options-trading capabilities.

Benchmark: S&P 500

Core Facts

Asset Class Multi
Category Multi
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $2500 US
Account number G112
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

CompanyDiv/ShareForward Annual
Div %
1yr Target
Est
EPS Est
Next Year
Forward
P/E
Chevron Corporation4.693.93%136.086.7517.44
The PNC Financial Services Group, Inc.4.002.90%159.7811.8713.39
Verizon Communications Inc.2.424.07%61.614.9312.11
PepsiCo, Inc.3.772.82%139.675.9522.64
AT&T Inc.2.045.33%39.023.5910.97
The Coca-Cola Company1.592.93%58.762.2524.16
Citigroup Inc.1.862.56%87.908.379.48
General Mills, Inc.1.963.77%55.533.4315.45
Bank of America Corporation0.632.06%36.453.0111.62
Target Corporation2.582.12%136.336.9317.81
The Kroger Co.0.582.23%27.902.3312.20
JPMorgan Chase & Co.3.302.60%133.7710.6512.86
Exxon Mobil Corporation3.384.95%79.033.6818.81
The Goldman Sachs Group, Inc.3.702.16%246.9523.869.96
Cisco Systems, Inc.1.382.94%52.213.4013.98
Wells Fargo & Company1.843.82%52.704.3112.26
Eli Lilly and Company2.502.25%132.086.7819.72
Bristol-Myers Squibb Company1.642.87%68.186.2410.23
Microsoft Corporation1.841.29%165.196.0626.42
Alphabet Inc.0.00-1,516.6354.2825.87
Walmart Inc.2.111.80%128.205.2222.25
Merck & Co., Inc.2.202.67%98.355.5915.85
Gilead Sciences, Inc.2.463.88%76.886.969.45
Pfizer Inc.1.423.90%42.332.8613.66
Mondelez International, Inc.1.062.10%61.002.6520.40

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 Date1/1/05
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkSPDR S&P 500 ETF Trust
Portfolio Performance
MetricThe Charitable Equity Opportunities AccountSPDR S&P 500 ETF Trust
Start Balance$10,000 $10,000
End Balance$47,334 $35,972
End Balance (inflation adjusted)$35,053 $26,639
CAGR10.92%8.91%
CAGR (inflation adjusted)8.72%6.75%
Stdev13.04%13.79%
Best Year32.92%32.31%
Worst Year-23.24%-36.81%
Max. Drawdown-43.72%-50.80%
Sharpe Ratio0.760.59
Sortino Ratio1.150.86
US Stock Market Correlation0.91
Risk and Return Metrics
MetricThe Charitable Equity Opportunities AccountSPDR S&P 500 ETF Trust
Arithmetic Mean (monthly)0.94%0.79%
Arithmetic Mean (annualized)11.86%9.95%
Geometric Mean (monthly)0.87%0.71%
Geometric Mean (annualized)10.92%8.91%
Volatility (monthly)3.76%3.98%
Volatility (annualized)13.04%13.79%
Downside Deviation (monthly)2.45%2.72%
Max. Drawdown-43.72%-50.80%
US Market Correlation0.91
Beta (*)0.861
Alpha (annualized)3.06%0.00%
R Squared83.08%100.00%
Sharpe Ratio0.760.59
Sortino Ratio1.150.86
Treynor Ratio (%)11.568.22
Calmar Ratio1.371.12
Active Return2.01%N/A
Tracking Error5.69%N/A
Information Ratio0.35N/A
Skewness-0.74-0.79
Excess Kurtosis1.492.02
Historical Value-at-Risk (5%)-5.18%-6.94%
Analytical Value-at-Risk (5%)-5.41%-5.76%
Conditional Value-at-Risk (5%)-8.73%-9.32%
Upside Capture Ratio (%)95.47100
Downside Capture Ratio (%)80.93100
Safe Withdrawal Rate10.62%8.51%
Perpetual Withdrawal Rate8.02%6.32%
Positive Periods118 out of 180 (65.56%)121 out of 180 (67.22%)
Gain/Loss Ratio10.81
(*) SPDR S&P 500 ETF Trust is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryThe Charitable Equity Opportunities AccountSPDR S&P 500 ETF Trust
Large-cap Value84.30%46.27%
Large-cap Growth3.18%52.82%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%0.55%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets0.00%0.00%
Emerging Markets0.00%0.03%
REITs0.00%0.00%
Corporate Bonds0.00%0.33%
Long-Term Treasuries3.61%0.00%
Intermediate-Term Treasuries7.61%0.00%
Short-Term Treasuries1.30%0.00%
R Squared87.33%99.90%
Style analysis is based on monthly returns from Apr 2005 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 Materials0.00%
Consumer Cyclical12.00%
Financial Services24.00%
Real Estate0.00%
Consumer Defensive16.00%
Healthcare20.00%
Utilities8.00%
Communication Services0.00%
Energy8.00%
Industrials0.00%
Technology12.00%
Drawdowns
Stress PeriodStartEndThe Charitable Equity Opportunities AccountSPDR S&P 500 ETF Trust
Subprime CrisisNov-07Mar-09-43.72%-50.80%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov-07Feb-091 year 4 monthsFeb-123 years4 years 4 months-43.72%
2Sep-18Dec-184 monthsMar-193 months7 months-9.58%
3Feb-18May-184 monthsAug-183 months7 months-9.12%
4Aug-15Sep-152 monthsMay-168 months10 months-8.12%
5Apr-12May-122 monthsJul-122 months4 months-5.75%
6Jun-07Jul-072 monthsSep-072 months4 months-5.75%
7May-19May-191 monthJun-191 month2 months-4.70%
8Aug-13Aug-131 monthOct-132 months3 months-4.65%
9Dec-14Jan-152 monthsFeb-151 month3 months-3.49%
10Feb-07Feb-071 monthApr-072 months3 months-3.01%
Rolling Returns
YearThe Charitable Equity Opportunities Account 3-year annualized returnThe Charitable Equity Opportunities Account 5-year annualized returnThe Charitable Equity Opportunities Account 7-year annualized returnThe Charitable Equity Opportunities Account 10-year annualized returnThe Charitable Equity Opportunities Account 15-year annualized returnSPDR S&P 500 ETF Trust 3-year annualized returnSPDR S&P 500 ETF Trust 5-year annualized return
200713.25%N/AN/AN/AN/A8.48%N/A
20081.26%N/AN/AN/AN/A-8.36%N/A
2009-0.18%5.90%N/AN/AN/A-5.66%0.39%
2010-0.17%6.12%N/AN/AN/A-2.78%2.27%
20119.45%1.77%5.57%N/AN/A14.00%-0.32%
201210.38%4.29%7.59%N/AN/A10.79%1.66%
201318.12%16.39%8.57%N/AN/A16.07%17.85%
201423.14%15.43%9.43%10.56%N/A20.31%15.34%
201517.54%15.02%14.69%10.48%N/A14.98%12.43%
201611.19%17.50%13.71%9.35%N/A8.77%14.58%
201711.02%15.83%14.53%9.90%N/A11.34%15.68%
20187.49%8.70%13.80%12.48%N/A9.17%8.37%
201913.08%11.64%14.89%13.52%10.92%15.08%11.57%