Voyager Latin America Stock

Voyager Accounts: International Equity

Summary

The Voyager Latin America Stock Account invests exclusively in stocks from Latin America. The portfolio manager concentrates on large markets, specifically Brazil, Mexico, and Argentina. Smaller markets such as Peru or Colombia aren’t generally as well-represented in this account. The account invests at least 70% of total assets in equities and invest at least 75% of stock assets in Latin America.

Benchmark: S&P Emerging LargeCap (USD)

Core Facts

Asset Class International Equity
Category Latin America Stock
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE107
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
Unidas - Todos os direitos reservados1.33%36.862.509.80
B3 S.A. - Brasil, Bolsa, Balcao3.25%29.621.4231.93
Bradespar S.A.5.09%41.172.8214.88
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes4.93%16.170.9236.01
Companhia Paranaense de Energia - COPEL3.37%33.165.4813.47
Itausa - Investimentos Itau S.A.0.60%13.751.3410.15
Qualicorp Consultoria e Corretora de Seguros S.A.3.52%20.051.8322.85
TOTVS S.A.0.71%31.251.3354.41
Via Varejo S.A.-7.23--
Wal-Mart de Mexico, S.A.B. de C.V.1.95%54.292.2026.42

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 Date1/1/18
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkiShares MSCI ACWI ex US ETF
Portfolio Performance
MetricVoyager Latin America StockiShares MSCI ACWI ex US ETF
Start Balance$10,000 $10,000
End Balance$13,444 $10,417
End Balance (inflation adjusted)$12,897 $9,993
CAGR15.95%2.06%
CAGR (inflation adjusted)13.57%-0.03%
Stdev24.88%13.41%
Best Year31.17%21.03%
Worst Year2.49%-13.94%
Max. Drawdown-24.16%-18.40%
Sharpe Ratio0.640.07
Sortino Ratio1.040.1
US Stock Market Correlation0.180.87
Risk and Return Metrics
MetricVoyager Latin America StockiShares MSCI ACWI ex US ETF
Arithmetic Mean (monthly)1.49%0.24%
Arithmetic Mean (annualized)19.40%2.95%
Geometric Mean (monthly)1.24%0.17%
Geometric Mean (annualized)15.95%2.06%
Volatility (monthly)7.18%3.87%
Volatility (annualized)24.88%13.41%
Downside Deviation (monthly)4.33%2.64%
Max. Drawdown-24.16%-18.40%
US Market Correlation0.180.87
Beta (*)0.841
Alpha (annualized)15.43%0.00%
R Squared20.37%100.00%
Sharpe Ratio0.640.07
Sortino Ratio1.040.1
Treynor Ratio (%)18.940.91
Active Return13.89%N/A
Tracking Error22.31%N/A
Information Ratio0.62N/A
Skewness-0.27-0.21
Excess Kurtosis0.4-0.31
Historical Value-at-Risk (5%)-14.12%-7.38%
Analytical Value-at-Risk (5%)-10.18%-6.12%
Conditional Value-at-Risk (5%)-16.20%-7.97%
Upside Capture Ratio (%)142.03100
Downside Capture Ratio (%)71.04100
Safe Withdrawal Rate56.50%45.77%
Perpetual Withdrawal Rate11.95%0.00%
Positive Periods14 out of 24 (58.33%)14 out of 24 (58.33%)
Gain/Loss Ratio1.220.83
(*) iShares MSCI ACWI ex US ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks0.11%
Intl Stocks99.58%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.30%
Equity Market Capitalization
CategoryWeight
Large Cap66.09%
Mid Cap31.95%
Small Cap1.97%
Stock Sectors
CategoryWeight
Basic Materials7.41%
Consumer Cyclical3.40%
Financial Services14.33%
Real Estate1.85%
Consumer Defensive23.38%
Healthcare1.38%
Utilities18.89%
Communication Services5.21%
Energy4.63%
Industrials4.91%
Technology0.29%
Infrastructure14.33%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Apr-18Jun-183 monthsJan-197 months10 months-24.16%
2Aug-19Aug-191 monthDec-194 months5 months-7.87%
3Feb-19Mar-192 monthsJun-193 months5 months-4.43%
4Feb-18Feb-181 monthMar-181 month2 months-1.71%