Beacon Infrastructure

Beacon Accounts: Sector

Summary

The Beacon Infrastructure Account invests more than 60% of its assets in the stocks of companies engaged in infrastructure activities. Industries considered to be part of the infrastructure sector include: oil & gas midstream; waste management; airports; integrated shipping; railroads; shipping & ports; trucking; engineering & construction; infrastructure operations; and the utilities sector. The portfolio manager strives to maintain a fair balance of large, mid, and small capitalization companies.

Benchmark: S&P Global Infrastructure Index

Core Facts

Asset Class Sector
Category Infrastructure
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number B036
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
Martin Marietta Materials0.79%294.2811.7223.62
ONEOK, Inc.4.84%75.683.8719.52
Crown Castle International Corp. (REIT)3.44%141.852.4258.84
VINCI SA2.71%95.365.8317.05
American Tower Corporation (REIT)1.68%227.644.5650.61
NextEra Energy, Inc.2.07%249.479.0626.88
Enbridge Inc.6.23%55.272.6419.76
Norfolk Southern Corporation1.90%205.8111.1717.69
Rockwell Automation, Inc.1.99%193.179.4621.68
Vulcan Materials Company0.88%160.685.7624.85

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 Date1/1/09
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkSPDR S&P Global Infrastructure ETF
Portfolio Performance
MetricBeacon InfrastructureSPDR S&P Global Infrastructure ETF
Start Balance$10,000 $10,000
End Balance$59,618 $19,982
End Balance (inflation adjusted)$48,773 $16,347
CAGR17.62%6.50%
CAGR (inflation adjusted)15.49%4.57%
Stdev12.63%12.65%
Best Year41.60%26.30%
Worst Year-8.90%-11.40%
Max. Drawdown-15.94%-19.10%
Sharpe Ratio1.310.52
Sortino Ratio2.370.8
US Stock Market Correlation0.850.73
Risk and Return Metrics
MetricBeacon InfrastructureSPDR S&P Global Infrastructure ETF
Arithmetic Mean (monthly)1.43%0.59%
Arithmetic Mean (annualized)18.54%7.34%
Geometric Mean (monthly)1.36%0.53%
Geometric Mean (annualized)17.62%6.50%
Volatility (monthly)3.65%3.65%
Volatility (annualized)12.63%12.65%
Downside Deviation (monthly)2.00%2.35%
Max. Drawdown-15.94%-19.10%
US Market Correlation0.850.73
Beta (*)0.771
Alpha (annualized)11.64%0.00%
R Squared59.81%100.00%
Sharpe Ratio1.310.52
Sortino Ratio2.370.8
Treynor Ratio (%)21.56.58
Calmar Ratio2.250.96
Active Return11.13%N/A
Tracking Error8.51%N/A
Information Ratio1.31N/A
Skewness-0.25-0.24
Excess Kurtosis0.80.52
Historical Value-at-Risk (5%)-4.98%-5.50%
Analytical Value-at-Risk (5%)-4.58%-5.41%
Conditional Value-at-Risk (5%)-6.80%-7.61%
Upside Capture Ratio (%)104.73100
Downside Capture Ratio (%)38.26100
Safe Withdrawal Rate21.18%11.02%
Perpetual Withdrawal Rate13.42%4.37%
Positive Periods93 out of 132 (70.45%)76 out of 132 (57.58%)
Gain/Loss Ratio1.131.11
(*) SPDR S&P Global Infrastructure ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryBeacon Infrastructure
Large-cap Value0.00%
Large-cap Growth20.87%
Mid-cap Value46.01%
Mid-cap Growth0.00%
Small-cap Value0.00%
Small-cap Growth0.00%
Global ex-US Developed Markets0.00%
Emerging Markets3.78%
REITs6.70%
Corporate Bonds9.87%
Long-Term Treasuries12.77%
Intermediate-Term Treasuries0.00%
Short-Term Treasuries0.00%
R Squared80.01%
Style analysis is based on monthly returns from Jan 2009 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.
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Jan-09Feb-092 monthsJul-095 months7 months-15.94%
2Mar-15Sep-157 monthsMar-166 months1 year 1 month-11.04%
3May-11Sep-115 monthsOct-111 month6 months-9.51%
4May-10Jun-102 monthsSep-103 months5 months-7.98%
5Aug-18Dec-185 monthsJan-191 month6 months-7.60%
6Feb-18Apr-183 monthsJul-183 months6 months-5.99%
7Jan-10Jan-101 monthMar-102 months3 months-5.64%
8May-12May-121 monthJul-122 months3 months-5.26%
9May-13Jun-132 monthsSep-133 months5 months-5.26%
10May-19May-191 monthJun-191 month2 months-3.65%
Rolling Returns
YearBeacon Infrastructure 3-year annualized returnBeacon Infrastructure 5-year annualized returnBeacon Infrastructure 7-year annualized returnBeacon Infrastructure 10-year annualized returnSPDR S&P Global Infrastructure ETF 3-year annualized returnSPDR S&P Global Infrastructure ETF 5-year annualized returnSPDR S&P Global Infrastructure ETF 7-year annualized return
201123.49%N/AN/AN/A3.01%N/AN/A
201219.62%N/AN/AN/A2.12%N/AN/A
201320.10%22.49%N/AN/A6.89%5.94%N/A
201418.55%19.24%N/AN/A10.95%6.67%N/A
20158.66%12.42%16.19%N/A4.75%3.89%4.08%
201610.43%14.55%16.15%N/A3.45%6.21%4.57%
201711.62%14.39%15.49%N/A5.62%8.85%7.04%
201813.78%8.83%12.18%15.46%6.15%3.46%5.42%
201917.09%13.70%15.10%16.44%10.58%6.00%8.20%