Beacon Real Estate

Beacon Accounts: Sector

Summary

The Beacon Real Estate Account invests primarily in real estate investment trusts of various types. REITs are companies that develop and manage real estate properties. There are several different types of REITs, including apartment, factory-outlet, health-care, hotel, industrial, mortgage, office, and shopping center REITs. The portfolio manager may also invest in real estate operating companies. For qualified clients, the account may also invest directly in commercial real estate properties or projects.

Benchmark: S&P United States REIT (USD) TR

Core Facts

Asset Class Sector
Category Real Estate
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number B041
Account manager Galleon Wealth Management
Region Domestic/US
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
Equity LifeStyle Properties, Inc.1.76%74.001.3750.96
Equinix, Inc. (REIT)1.69%622.237.8975.29
Sun Communities, Inc.2.04%161.292.0074.93
American Tower Corporation (REIT)1.68%227.644.5650.61
Prologis, Inc.2.38%95.531.5159.23
SBA Communications Corporation0.62%257.872.19111.79
Crown Castle International Corp. (REIT)3.44%141.852.4258.84
UDR, Inc.2.99%51.000.38121.18
Essex Property Trust, Inc.2.62%334.425.7752.41
American Homes 4 Rent0.77%28.230.2797.19

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 Date1/1/14
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard Real Estate ETF
Portfolio Performance
MetricBeacon Real EstateVanguard Real Estate ETF
Start Balance$10,000 $10,000
End Balance$27,378 $18,424
End Balance (inflation adjusted)$24,829 $16,709
CAGR18.28%10.72%
CAGR (inflation adjusted)16.37%8.93%
Stdev12.63%13.73%
Best Year36.63%30.36%
Worst Year2.97%-6.02%
Max. Drawdown-10.08%-14.88%
Sharpe Ratio1.330.75
Sortino Ratio2.711.27
US Stock Market Correlation0.360.47
Risk and Return Metrics
MetricBeacon Real EstateVanguard Real Estate ETF
Arithmetic Mean (monthly)1.47%0.93%
Arithmetic Mean (annualized)19.18%11.74%
Geometric Mean (monthly)1.41%0.85%
Geometric Mean (annualized)18.28%10.72%
Volatility (monthly)3.65%3.96%
Volatility (annualized)12.63%13.73%
Downside Deviation (monthly)1.76%2.30%
Max. Drawdown-10.08%-14.88%
US Market Correlation0.360.47
Beta (*)0.821
Alpha (annualized)8.53%0.00%
R Squared79.61%100.00%
Sharpe Ratio1.330.75
Sortino Ratio2.711.27
Treynor Ratio (%)20.4810.27
Calmar Ratio1.890.71
Active Return7.56%N/A
Tracking Error6.21%N/A
Information Ratio1.22N/A
Skewness0.120.12
Excess Kurtosis-0.140.53
Historical Value-at-Risk (5%)-5.15%-6.13%
Analytical Value-at-Risk (5%)-4.48%-5.59%
Conditional Value-at-Risk (5%)-5.74%-7.31%
Upside Capture Ratio (%)104.77100
Downside Capture Ratio (%)59.82100
Safe Withdrawal Rate28.29%23.28%
Perpetual Withdrawal Rate14.07%8.20%
Positive Periods49 out of 72 (68.06%)44 out of 72 (61.11%)
Gain/Loss Ratio1.311.18
(*) Vanguard Real Estate ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryBeacon Real EstateVanguard Real Estate ETF
Large-cap Value0.00%0.00%
Large-cap Growth11.23%0.00%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%0.00%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets0.00%0.00%
Emerging Markets0.00%0.00%
REITs69.90%100.00%
Corporate Bonds0.00%0.00%
Long-Term Treasuries18.87%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared79.49%100.00%
Style analysis is based on monthly returns from Jan 2014 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 Stocks100.00%
Intl Stocks0.00%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap92.86%
Mid Cap7.14%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials0.00%
Consumer Cyclical100.00%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare0.00%
Utilities0.00%
Communication Services0.00%
Energy0.00%
Industrials0.00%
Technology0.00%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Aug-16Nov-164 monthsFeb-173 months7 months-10.08%
2Dec-17Feb-183 monthsJun-184 months7 months-9.74%
3Jan-16Feb-162 monthsMar-161 month3 months-5.49%
4Dec-18Dec-181 monthJan-191 month2 months-5.46%
5Sep-14Sep-141 monthOct-141 month2 months-5.07%
6Apr-15Jun-153 monthsJul-151 month4 months-4.94%
7Aug-15Aug-151 monthOct-152 months3 months-3.83%
8Sep-17Sep-171 monthNov-172 months3 months-3.25%
9Apr-16Apr-161 monthMay-161 month2 months-3.18%
10Sep-18Oct-182 monthsNov-181 month3 months-2.30%
Rolling Returns
YearBeacon Real Estate 3-year annualized returnBeacon Real Estate 5-year annualized returnVanguard Real Estate ETF 3-year annualized returnVanguard Real Estate ETF 5-year annualized return
201618.16%N/A13.19%N/A
201713.58%N/A5.28%N/A
20189.44%14.91%2.31%7.41%
201918.39%15.56%8.31%7.16%