Voyager Foreign Large-Blend

Voyager Accounts: International Equity

Summary

The Voyager Foreign Large Cap Blend Account invests primarily in large international stocks. The portfolio manager divides the accounts assets across several developed markets, including Japan, Britain, France, and Germany. The account primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). The blended account seeks long-term results where neither growth nor value characteristics predominate. The account typically holds less than 20% of assets invested in U.S. stocks.

Benchmark: S&P Developed Ex-U.S. LargeCap (LCL) TR

Core Facts

Asset Class International Equity
Category Foreign Large-Blend
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE099
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
AIA Group Limited1.36%10.000.54160.37
Nestle S.A.2.27%-3.7928.76
Toyota Motor Corporation2.56%165.2511.4512.19
Taiwan Semiconductor Manufacturing Company Limited4.48%262.8814.6822.68
Alibaba Group Holding Limited-233.748.7825.79
TOTAL S.A.5.41%68.275.978.12
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne1.44%319.9213.9031.59
SAP SE1.23%---
AstraZeneca PLC2.84%78.833.8220.62
HSBC Holdings plc5.29%9.200.777.71

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 Date1/1/15
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard International Growth Inv
Portfolio Performance
MetricVoyager Foreign Large-BlendVanguard International Growth Inv
Start Balance$10,000 $10,000
End Balance$17,095 $16,564
End Balance (inflation adjusted)$15,620 $15,136
CAGR11.32%10.62%
CAGR (inflation adjusted)9.33%8.64%
Stdev14.68%15.31%
Best Year42.35%42.96%
Worst Year-10.03%-12.69%
Max. Drawdown-16.28%-19.96%
Sharpe Ratio0.740.67
Sortino Ratio1.161.05
US Stock Market Correlation0.860.84
Risk and Return Metrics
MetricVoyager Foreign Large-BlendVanguard International Growth Inv
Arithmetic Mean (monthly)0.99%0.94%
Arithmetic Mean (annualized)12.49%11.90%
Geometric Mean (monthly)0.90%0.84%
Geometric Mean (annualized)11.32%10.62%
Volatility (monthly)4.24%4.42%
Volatility (annualized)14.68%15.31%
Downside Deviation (monthly)2.64%2.77%
Max. Drawdown-16.28%-19.96%
US Market Correlation0.860.84
Beta (*)0.851
Alpha (annualized)2.18%0.00%
R Squared79.42%100.00%
Sharpe Ratio0.740.67
Sortino Ratio1.161.05
Treynor Ratio (%)12.6310.25
Calmar Ratio1.280.9
Active Return0.70%N/A
Tracking Error7.02%N/A
Information Ratio0.1N/A
Skewness-0.29-0.37
Excess Kurtosis-0.060.2
Historical Value-at-Risk (5%)-7.42%-8.29%
Analytical Value-at-Risk (5%)-5.95%-6.33%
Conditional Value-at-Risk (5%)-7.82%-9.22%
Upside Capture Ratio (%)92.98100
Downside Capture Ratio (%)86.74100
Safe Withdrawal Rate23.57%23.43%
Perpetual Withdrawal Rate8.54%7.96%
Positive Periods39 out of 60 (65.00%)36 out of 60 (60.00%)
Gain/Loss Ratio0.961.16
(*) Vanguard International Growth Inv is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryVoyager Foreign Large-BlendVanguard International Growth Inv
Large-cap Value0.00%0.00%
Large-cap Growth24.09%27.19%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%0.00%
Small-cap Value16.56%0.00%
Small-cap Growth0.64%0.00%
Global ex-US Developed Markets58.67%42.61%
Emerging Markets0.03%30.20%
REITs0.00%0.00%
Corporate Bonds0.00%0.00%
Long-Term Treasuries0.00%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared81.68%88.81%
Style analysis is based on monthly returns from Jan 2015 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 Stocks25.00%
Intl Stocks75.00%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap87.50%
Mid Cap12.50%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials14.29%
Consumer Cyclical0.00%
Financial Services14.29%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare14.29%
Utilities0.00%
Communication Services0.00%
Energy14.29%
Industrials0.00%
Technology14.29%
Capital Goods14.29%
Miscellaneous14.29%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1May-15Feb-1610 monthsSep-167 months1 year 5 months-16.28%
2Feb-18Dec-1811 monthsFeb-192 months1 year 1 month-14.36%
3May-19May-191 monthJun-191 month2 months-7.07%
4Oct-16Oct-161 monthJan-173 months4 months-4.93%
5Jul-19Aug-192 monthsOct-192 months4 months-3.99%
6Jan-15Jan-151 monthApr-153 months4 months-2.98%
Rolling Returns
YearVoyager Foreign Large-Blend 3-year annualized returnVoyager Foreign Large-Blend 5-year annualized returnVanguard International Growth Inv 3-year annualized returnVanguard International Growth Inv 5-year annualized return
201713.67%N/A13.04%N/A
201812.34%N/A8.28%N/A
201918.33%11.32%17.92%10.62%