Beacon Energy Limited Partnership

Beacon Accounts: Sector

Summary

The Beacon Energy Limited Partnership Account invests a significant amount of its portfolio in energy master limited partnerships equities. These include limited partnerships specializing in midstream operations in the energy industry. The portfolio manager invests at least 80% of its total assets in equity and debt securities of master limited partnerships (“MLPs”) focused in the energy infrastructure sector, and in equity and debt securities of other companies focused in the energy infrastructure sector. Companies focused in the energy infrastructure include MLP parent companies and other MLP affiliates (together with MLPs, “MLP Entities”), which may invest their assets in varying degrees in MLPs.

Benchmark: S&P Composite 1500 Energy (Sector) (TR)

Core Facts

Asset Class Sector
Category Energy Limited Partnership
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number B029
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 Yield
VanEck Vectors Energy Income ETF9.59%
Alerian Energy Infrastructure ETF5.81%
iPath S&P MLP ETN6.03%
American Energy Independence ETF6.64%
InfraCap MLP ETF19.39%
UBS ETRACS Alerian MLP Index ETN8.34%
Alerian MLP ETF9.10%
Global X MLP ETF9.09%
Global X MLP & Energy Infrastructure ETF5.78%
Tortoise North American Pipeline Fund4.45%

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 Date6/1/19
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkInvesco Opp SteelPath MLP Alpha A
Portfolio Performance
MetricBeacon Energy Limited PartnershipInvesco Opp SteelPath MLP Alpha A
Start Balance$10,000 $10,000
End Balance$9,796 $9,459
End Balance (inflation adjusted)$9,762 $9,427
Return-2.04%-5.41%
Return (inflation adjusted)-2.38%-5.73%
Stdev17.18%21.84%
Best Year-2.04%-5.41%
Worst Year-2.04%-5.41%
Max. Drawdown-12.31%-16.59%
Sharpe Ratio-0.24-0.43
Sortino Ratio-0.38-0.68
US Stock Market Correlation0.430.34
Risk and Return Metrics
MetricBeacon Energy Limited PartnershipInvesco Opp SteelPath MLP Alpha A
Arithmetic Mean (monthly)-0.19%-0.62%
Arithmetic Mean (annualized)-2.26%-7.25%
Geometric Mean (monthly)-0.29%-0.79%
Geometric Mean (annualized)-3.47%-9.09%
Volatility (monthly)4.96%6.31%
Volatility (annualized)17.18%21.84%
Downside Deviation (monthly)3.07%3.89%
Max. Drawdown-12.31%-16.59%
US Market Correlation0.430.34
Beta (*)0.771
Alpha (annualized)3.51%0.00%
R Squared96.42%100.00%
Sharpe Ratio-0.24-0.43
Sortino Ratio-0.38-0.68
Treynor Ratio (%)-5.42-9.4
Active Return5.62%N/A
Tracking Error5.94%N/A
Information Ratio0.95N/A
Skewness0.731.2
Excess Kurtosis-0.321.05
Historical Value-at-Risk (5%)-5.16%-5.95%
Analytical Value-at-Risk (5%)-7.75%-11.00%
Conditional Value-at-Risk (5%)N/AN/A
Upside Capture Ratio (%)84.66100
Downside Capture Ratio (%)76.26100
Safe Withdrawal RateN/AN/A
Perpetual Withdrawal RateN/AN/A
Positive Periods3 out of 7 (42.86%)3 out of 7 (42.86%)
Gain/Loss Ratio1.211.04
(*) Invesco Opp SteelPath MLP Alpha A is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks85.66%
Intl Stocks18.16%
US Bonds0.00%
Intl Bonds0.00%
Other-0.11%
Cash-3.71%
Equity Market Capitalization
CategoryWeight
Large Cap45.05%
Mid Cap35.48%
Small Cap19.47%
Stock Sectors
CategoryWeight
Basic Materials0.00%
Consumer Cyclical0.00%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare0.00%
Utilities2.42%
Communication Services0.00%
Energy96.68%
Industrials0.90%
Technology0.00%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Jul-19Nov-195 months-12.31%