Voyager Foreign Large-Growth

Voyager Accounts: International Equity

Summary

The Voyager Foreign Large Cap Growth Account invests primarily in high-priced growth stocks, mainly outside of the United States. 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). Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). The account typically holds less than 20% of assets invested in U.S. stocks.

Benchmark: Dow Jones Developed Markets ex-U.S. Index

Core Facts

Asset Class International Equity
Category Foreign Large-Growth
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE100
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
Kering SA1.16%524.67--
Reliance Industries Limited0.43%1,268.8671.8522.00
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne1.44%319.9213.9031.59
Tokyo Electron Limited2.14%18,721.101,306.3719.16
ASML Holding N.V.0.78%294.258.9833.44
SAP SE1.23%---
L'Oreal S.A.1.43%205.317.6136.18
AstraZeneca PLC2.84%78.833.8220.62
Rio Tinto Group5.73%53.70--
Diageo plc2.09%2,916.05135.800.24

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 Date1/1/97
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard International Growth Inv
Portfolio Performance
MetricVoyager Foreign Large-GrowthVanguard International Growth Inv
Start Balance$10,000.00$10,000.00
End Balance$365,700.00$45,205.00
End Balance (inflation adjusted)$225,703.00$27,900.00
CAGR16.94%6.78%
CAGR (inflation adjusted)14.51%4.56%
Stdev17.48%17.69%
Best Year63.51%42.96%
Worst Year-32.32%-44.94%
Max. Drawdown-43.07%-56.99%
Sharpe Ratio0.870.34
Sortino Ratio1.420.49
US Stock Market Correlation0.820.86
Risk and Return Metrics
MetricVoyager Foreign Large-GrowthVanguard International Growth Inv
Arithmetic Mean (monthly)1.44%0.68%
Arithmetic Mean (annualized)18.71%8.48%
Geometric Mean (monthly)1.31%0.55%
Geometric Mean (annualized)16.94%6.78%
Volatility (monthly)5.05%5.11%
Volatility (annualized)17.48%17.69%
Downside Deviation (monthly)3.02%3.53%
Max. Drawdown-43.07%-56.99%
US Market Correlation0.820.86
Beta (*)0.841
Alpha (annualized)10.42%0.00%
R Squared72.15%100.00%
Sharpe Ratio0.870.34
Sortino Ratio1.420.49
Treynor Ratio (%)18.116.1
Calmar Ratio1.40.9
Active Return10.16%N/A
Tracking Error9.65%N/A
Information Ratio1.05N/A
Skewness-0.28-0.63
Excess Kurtosis1.181.64
Historical Value-at-Risk (5%)-7.59%-9.00%
Analytical Value-at-Risk (5%)-6.84%-7.72%
Conditional Value-at-Risk (5%)-10.66%-12.16%
Upside Capture Ratio (%)106.64100
Downside Capture Ratio (%)65.43100
Safe Withdrawal Rate19.00%6.25%
Perpetual Withdrawal Rate12.67%4.36%
Positive Periods178 out of 276 (64.49%)163 out of 276 (59.06%)
Gain/Loss Ratio1.160.98
(*) 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-GrowthVanguard International Growth Inv
Large-cap Value0.00%0.00%
Large-cap Growth40.18%10.69%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.93%4.53%
Small-cap Value0.00%0.00%
Small-cap Growth3.56%0.00%
Global ex-US Developed Markets44.81%59.41%
Emerging Markets7.31%25.37%
REITs0.00%0.00%
Corporate Bonds3.20%0.00%
Long-Term Treasuries0.00%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared79.94%95.73%
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 Stocks11.11%
Intl Stocks88.89%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap88.89%
Mid Cap11.11%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials33.34%
Consumer Cyclical0.00%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive22.22%
Healthcare22.22%
Utilities0.00%
Communication Services0.00%
Energy0.00%
Industrials0.00%
Technology22.22%
Drawdowns for Historical Market Stress Periods
Stress PeriodStartEndVoyager Foreign Large-GrowthVanguard International Growth Inv
Asian CrisisJul-97Jan-98-5.11%-13.73%
Russian Debt DefaultJul-98Oct-98-23.23%-14.73%
Dotcom CrashMar-00Oct-02-30.70%-46.83%
Subprime CrisisNov-07Mar-09-43.07%-56.99%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Dec-07Feb-091 year 3 monthsMar-101 year 1 month2 years 4 months-43.07%
2Apr-02Sep-026 monthsAug-0311 months1 year 5 months-30.70%
3May-98Sep-985 monthsJun-999 months1 year 2 months-27.14%
4Feb-18Dec-1811 monthsMar-193 months1 year 2 months-15.55%
5Jun-11Sep-114 monthsFeb-125 months9 months-14.77%
6Feb-01Sep-018 monthsFeb-025 months1 year 1 month-13.68%
7May-15Feb-1610 monthsJul-165 months1 year 3 months-11.57%
8Aug-16Oct-163 monthsFeb-174 months7 months-10.56%
9Apr-10May-102 monthsJul-102 months4 months-10.49%
10Jul-04Sep-043 monthsFeb-055 months8 months-9.87%
Rolling Returns
YearVoyager Foreign Large-Growth 3-year annualized returnVoyager Foreign Large-Growth 5-year annualized returnVoyager Foreign Large-Growth 7-year annualized returnVoyager Foreign Large-Growth 10-year annualized returnVoyager Foreign Large-Growth 15-year annualized returnVanguard International Growth Inv 3-year annualized returnVanguard International Growth Inv 5-year annualized return
199930.92%N/AN/AN/AN/A15.43%N/A
200021.81%N/AN/AN/AN/A10.53%N/A
200117.20%23.21%N/AN/AN/A-2.17%2.65%
20024.40%10.43%N/AN/AN/A-15.22%-2.08%
200314.10%18.81%22.65%N/AN/A-3.59%0.69%
200416.51%14.88%16.36%N/AN/A9.55%-0.52%
200527.62%13.55%17.04%N/AN/A22.52%4.16%
200618.50%19.60%17.52%21.39%N/A19.88%13.75%
200723.87%27.30%17.20%18.56%N/A18.87%21.85%
20082.87%6.71%10.68%12.60%N/A-7.01%1.93%
20097.59%14.02%19.05%14.45%N/A-3.29%5.55%
20107.66%14.96%14.32%14.25%N/A-3.38%5.67%
201125.24%10.32%14.16%14.86%17.58%12.24%-2.02%
201220.99%12.42%16.36%19.63%16.48%6.21%-1.35%
201319.69%25.89%14.81%15.91%16.86%8.40%15.84%
201419.50%17.49%12.42%15.74%15.45%11.67%6.81%
20157.12%12.07%18.39%13.51%13.52%4.85%3.61%
20163.51%12.28%12.92%11.30%14.00%-1.58%7.06%
201715.98%14.54%16.06%13.48%17.91%13.04%10.88%
201811.95%7.67%12.84%16.42%13.09%8.28%3.54%
201921.76%13.55%13.23%15.50%15.01%17.92%10.62%