Voyager Foreign Small/Mid-Growth

Voyager Accounts: International Equity

Summary

The Voyager Foreign Small/Mid Growth Account invests in international stocks that are smaller, growing faster, and higher-priced than other stocks. The portfolio manager primarily invest in stocks that fall in the bottom 30% 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 its assets in U.S. stocks.

Benchmark: S&P Developed Ex-U.S. SmallCap Select Index (USD)

Core Facts

Asset Class International Equity
Category Foreign Small/Mid-Growth
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE103
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
Daifuku Co., Ltd.1.05%6,861.10333.9721.50
Partners Group Holding AG2.39%825.10--
IMCD N.V.1.02%66.252.2335.76
TKC Corporation2.14%---
Hansen Technologies Limited1.67%3.710.1721.12
Croda International Plc1.56%5,017.35208.080.25
Loomis AB (publ)2.67%350.7123.5715.40
Victrex plc2.47%2,699.64138.020.18

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 Date1/1/19
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkiShares MSCI EAFE Small-Cap ETF
Portfolio Performance
MetricVoyager Foreign Small/Mid-GrowthiShares MSCI EAFE Small-Cap ETF
Start Balance$10,000 $10,000
End Balance$12,901 $12,467
End Balance (inflation adjusted)$12,613 $12,188
CAGR29.01%24.67%
CAGR (inflation adjusted)26.13%21.88%
Stdev10.25%12.39%
Best Year29.01%24.67%
Worst Year29.01%24.67%
Max. Drawdown-2.85%-5.67%
Sharpe Ratio2.351.68
Sortino Ratio6.293.27
US Stock Market Correlation0.880.91
Risk and Return Metrics
MetricVoyager Foreign Small/Mid-GrowthiShares MSCI EAFE Small-Cap ETF
Arithmetic Mean (monthly)2.18%1.91%
Arithmetic Mean (annualized)29.61%25.52%
Geometric Mean (monthly)2.15%1.85%
Geometric Mean (annualized)29.01%24.67%
Volatility (monthly)2.96%3.58%
Volatility (annualized)10.25%12.39%
Downside Deviation (monthly)1.02%1.76%
Max. Drawdown-2.85%-5.67%
US Market Correlation0.880.91
Beta (*)0.781
Alpha (annualized)8.29%0.00%
R Squared89.16%100.00%
Sharpe Ratio2.351.68
Sortino Ratio6.293.27
Treynor Ratio (%)30.8720.85
Active Return4.34%N/A
Tracking Error4.33%N/A
Information Ratio1N/A
Skewness-0.27-0.6
Excess Kurtosis-0.40.92
Historical Value-at-Risk (5%)-2.85%-5.67%
Analytical Value-at-Risk (5%)-2.47%-3.97%
Conditional Value-at-Risk (5%)N/AN/A
Upside Capture Ratio (%)100.19100
Downside Capture Ratio (%)63.7100
Safe Withdrawal Rate100.00%100.00%
Perpetual Withdrawal Rate20.71%17.95%
Positive Periods9 out of 12 (75.00%)9 out of 12 (75.00%)
Gain/Loss Ratio1.891.2
(*) iShares MSCI EAFE Small-Cap ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks2.97%
Intl Stocks93.77%
US Bonds0.00%
Intl Bonds0.00%
Other0.46%
Cash2.80%
Equity Market Capitalization
CategoryWeight
Large Cap27.76%
Mid Cap40.36%
Small Cap31.88%
Stock Sectors
CategoryWeight
Basic Materials6.50%
Consumer Cyclical11.48%
Financial Services10.22%
Real Estate1.96%
Consumer Defensive7.57%
Healthcare14.49%
Utilities0.88%
Communication Services5.11%
Energy0.90%
Industrials17.29%
Technology23.60%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1May-19May-191 monthJun-191 month2 months-2.85%
2Jul-19Aug-192 monthsOct-192 months4 months-2.74%

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