Voyager China Region

Voyager Accounts: International Equity

Summary

The Voyager China Region Account invests primarily in stocks from China, Taiwan, and Hong Kong. The portfolio manager invests at least 70% of total assets in equities and invest at least 75% of stock assets in one specific region or a combination of China, Taiwan, and/or Hong Kong. The account seeks long-term capital appreciation vs. current income.

Benchmark: S&P China A 100 Index

Core Facts

Asset Class International Equity
Category China Region
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE095
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
TAL Education Group-50.300.9261.01
New Oriental Education & Technology Group Inc.-137.914.6430.33
NetEase, Inc.4.79%332.5716.7520.90
Alibaba Group Holding Limited-233.538.7825.51
Link Real Estate Investment Trust3.34%78.292.9429.30
AIA Group Limited1.36%10.000.54158.98
Yum China Holdings, Inc.0.99%52.361.9225.85
Hong Kong Exchanges and Clearing Limited2.68%283.008.2233.82
Trip.com Group Limited-38.70--
JD.com, Inc.-40.231.4028.26

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 Date1/1/09
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkiShares MSCI ACWI ETF
Portfolio Performance
MetricVoyager China RegioniShares MSCI ACWI ETF
Start Balance$10,000 $10,000
End Balance$166,349 $30,934
End Balance (inflation adjusted)$136,089 $25,307
CAGR29.12%10.81%
CAGR (inflation adjusted)26.79%8.81%
Stdev171.18%15.18%
Best Year610.79%32.35%
Worst Year-23.23%-9.12%
Max. Drawdown-31.79%-21.90%
Sharpe Ratio0.360.72
Sortino Ratio4.941.15
US Stock Market Correlation-0.020.96
Risk and Return Metrics
MetricVoyager China RegioniShares MSCI ACWI ETF
Arithmetic Mean (monthly)5.15%0.95%
Arithmetic Mean (annualized)82.67%12.07%
Geometric Mean (monthly)2.15%0.86%
Geometric Mean (annualized)29.12%10.81%
Volatility (monthly)49.42%4.38%
Volatility (annualized)171.18%15.18%
Downside Deviation (monthly)3.56%2.73%
Max. Drawdown-31.79%-21.90%
US Market Correlation-0.020.96
Beta (*)-0.41
Alpha (annualized)66.40%0.00%
R Squared0.13%100.00%
Sharpe Ratio0.360.72
Sortino Ratio4.941.15
Treynor Ratio (%)-152.1410.93
Calmar Ratio0.70.9
Active Return18.31%N/A
Tracking Error172.39%N/A
Information Ratio0.11N/A
Skewness11.23-0.21
Excess Kurtosis128.080.8
Historical Value-at-Risk (5%)-7.67%-7.39%
Analytical Value-at-Risk (5%)-75.70%-6.25%
Conditional Value-at-Risk (5%)-11.15%-9.60%
Upside Capture Ratio (%)95.36100
Downside Capture Ratio (%)-10.31100
Safe Withdrawal Rate60.34%15.48%
Perpetual Withdrawal Rate21.13%8.10%
Positive Periods71 out of 132 (53.79%)84 out of 132 (63.64%)
Gain/Loss Ratio3.311
(*) iShares MSCI ACWI ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks40.00%
Intl Stocks60.00%
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 Materials20.00%
Consumer Cyclical0.00%
Financial Services20.00%
Real Estate0.00%
Consumer Defensive20.00%
Healthcare20.00%
Utilities0.00%
Communication Services0.00%
Energy0.00%
Industrials0.00%
Technology0.00%
Capital Goods20.00%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1May-15Feb-1610 monthsJul-171 year 5 months2 years 3 months-31.79%
2Mar-11May-121 year 3 monthsSep-131 year 4 months2 years 7 months-30.61%
3Feb-09Feb-091 monthApr-092 months3 months-21.97%
4Feb-18Dec-1811 monthsDec-191 year1 year 11 months-18.55%
5Mar-10Jun-104 monthsDec-106 months10 months-18.15%
6Oct-13Jan-144 monthsFeb-151 year 1 month1 year 5 months-9.81%
7Nov-09Dec-092 monthsJan-101 month3 months-6.61%
8Mar-15Mar-151 monthApr-151 month2 months-3.51%
9Sep-09Sep-091 monthOct-091 month2 months-2.18%
10Jan-11Jan-111 monthFeb-111 month2 months-1.70%
Rolling Returns
YearVoyager China Region 3-year annualized returnVoyager China Region 5-year annualized returnVoyager China Region 7-year annualized returnVoyager China Region 10-year annualized returniShares MSCI ACWI ETF 3-year annualized returniShares MSCI ACWI ETF 5-year annualized returniShares MSCI ACWI ETF 7-year annualized return
2011103.30%N/AN/AN/A11.21%N/AN/A
201281.13%N/AN/AN/A6.67%N/AN/A
20131.05%62.39%N/AN/A9.60%14.47%N/A
20148.16%47.17%N/AN/A14.04%9.04%N/A
20155.36%-0.45%40.30%N/A7.49%5.97%10.37%
20160.79%6.59%33.38%N/A3.24%9.47%7.27%
201712.99%10.88%4.94%N/A9.64%10.86%8.77%
20187.37%3.24%6.72%29.48%7.00%4.46%8.56%
201912.89%9.37%8.92%26.87%12.67%8.68%9.81%