Explorer Large Cap Growth

Explorer Accounts: U.S. Equity

Summary

The Explorer Large Cap Growth Account invests primarily in large U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. 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 manager focuses on companies in rapidly expanding industries.

Benchmark: Dow Jones U.S. Large-Cap Growth Total Stock Market Index

Core Facts

Asset Class U.S. Equity
Category Large Cap Growth
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.35%
Minimum investment [4] $1000 US
Account number E068
Account manager Galleon Wealth Management
Region North America/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
Advanced Micro Devices, Inc.-40.721.1143.91
Amazon.com, Inc.-2,167.6126.8570.44
Align Technology, Inc.-294.276.4945.93
Lam Research Corporation1.56%278.3218.4916.08
Microsoft Corporation1.26%168.386.0626.94
Mastercard Incorporated0.51%328.329.0934.68
Apple Inc.0.99%280.7315.0521.06
Visa Inc.0.62%210.217.2327.02
Charter Communications, Inc.-505.3013.3638.18
Facebook, Inc.-240.869.1824.17

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.

Performance

Overview       
Start Date1/1/97
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard Growth Index Investor
Portfolio Performance
MetricExplorer Large Cap GrowthVanguard Growth Index Investor
Start Balance$10,000.00$10,000.00
End Balance$118,709.00$72,741.00
End Balance (inflation adjusted)$73,265.00$44,895.00
CAGR11.36%9.01%
CAGR (inflation adjusted)9.04%6.75%
Stdev14.64%16.07%
Best Year36.75%42.21%
Worst Year-24.72%-38.32%
Max. Drawdown-43.64%-53.58%
Sharpe Ratio0.670.49
Sortino Ratio1.020.71
US Stock Market Correlation0.780.96
Risk and Return Metrics
MetricExplorer Large Cap GrowthVanguard Growth Index Investor
Arithmetic Mean (monthly)0.99%0.83%
Arithmetic Mean (annualized)12.55%10.43%
Geometric Mean (monthly)0.90%0.72%
Geometric Mean (annualized)11.36%9.01%
Volatility (monthly)4.23%4.64%
Volatility (annualized)14.64%16.07%
Downside Deviation (monthly)2.70%3.12%
Max. Drawdown-43.64%-53.58%
US Market Correlation0.780.96
Beta (*)0.631
Alpha (annualized)5.57%0.00%
R Squared48.44%100.00%
Sharpe Ratio0.670.49
Sortino Ratio1.020.71
Treynor Ratio (%)15.487.89
Calmar Ratio1.191.17
Active Return2.35%N/A
Tracking Error12.04%N/A
Information Ratio0.19N/A
Skewness-0.58-0.6
Excess Kurtosis1.680.77
Historical Value-at-Risk (5%)-5.85%-7.96%
Analytical Value-at-Risk (5%)-6.06%-6.80%
Conditional Value-at-Risk (5%)-9.98%-10.49%
Upside Capture Ratio (%)74.45100
Downside Capture Ratio (%)55.59100
Safe Withdrawal Rate11.41%7.73%
Perpetual Withdrawal Rate8.29%6.32%
Positive Periods171 out of 276 (61.96%)168 out of 276 (60.87%)
Gain/Loss Ratio1.141.01
(*) Vanguard Growth Index Investor is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryExplorer Large Cap GrowthVanguard Growth Index Investor
Large-cap Value86.06%0.00%
Large-cap Growth0.00%79.31%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%19.00%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets0.00%0.00%
Emerging Markets0.00%1.70%
REITs0.00%0.00%
Corporate Bonds0.00%0.00%
Long-Term Treasuries0.96%0.00%
Intermediate-Term Treasuries6.89%0.00%
Short-Term Treasuries6.09%0.00%
R Squared82.38%98.35%
Style analysis is based on monthly returns from Apr 2005 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 Cap100.00%
Mid Cap0.00%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials0.00%
Consumer Cyclical0.00%
Financial Services30.00%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare30.00%
Utilities20.00%
Communication Services0.00%
Energy20.00%
Industrials0.00%
Technology0.00%
Drawdowns for Historical Market Stress Periods
Stress PeriodStartEndExplorer Large Cap GrowthVanguard Growth Index Investor
Asian CrisisJul-97Jan-98-7.43%-6.64%
Russian Debt DefaultJul-98Oct-98-16.78%-13.04%
Dotcom CrashMar-00Oct-02-21.11%-53.58%
Subprime CrisisNov-07Mar-09-43.64%-47.19%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Jan-08Feb-091 year 2 monthsFeb-112 years3 years 2 months-43.64%
2Apr-02Feb-0311 monthsDec-0310 months1 year 9 months-21.75%
3Jul-99Feb-008 monthsSep-007 months1 year 3 months-21.09%
4Jul-98Aug-982 monthsNov-983 months5 months-16.78%
5May-11Sep-115 monthsMar-126 months11 months-16.06%
6Dec-18Dec-181 monthOct-1910 months11 months-9.80%
7Jun-15Sep-154 monthsMar-166 months10 months-8.71%
8Feb-18Mar-182 monthsAug-185 months7 months-7.54%
9Aug-97Aug-971 monthNov-973 months4 months-7.43%
10Apr-12May-122 monthsJun-121 month3 months-5.99%
Rolling Returns
YearExplorer Large Cap Growth 3-year annualized returnExplorer Large Cap Growth 5-year annualized returnExplorer Large Cap Growth 7-year annualized returnExplorer Large Cap Growth 10-year annualized returnExplorer Large Cap Growth 15-year annualized returnVanguard Growth Index Investor 3-year annualized returnVanguard Growth Index Investor 5-year annualized return
199922.68%N/AN/AN/AN/A35.66%N/A
200017.19%N/AN/AN/AN/A12.51%N/A
20018.21%17.91%N/AN/AN/A-4.46%11.08%
20021.88%7.38%N/AN/AN/A-19.74%-1.09%
20032.36%5.58%13.05%N/AN/A-5.76%-3.47%
20046.39%8.25%10.46%N/AN/A1.00%-6.94%
200513.43%5.30%6.79%N/AN/A12.36%-1.17%
200614.51%9.23%9.76%13.49%N/A7.09%3.37%
200712.51%14.89%8.55%11.07%N/A8.85%11.72%
20081.07%4.50%3.71%5.04%N/A-8.87%-3.14%
2009-2.30%3.79%7.81%6.00%N/A-1.82%1.63%
2010-2.14%5.15%6.48%5.22%N/A-0.56%3.83%
20118.99%1.45%4.79%5.27%9.32%17.48%2.40%
201213.02%4.07%7.64%9.35%8.69%11.61%3.17%
201318.43%15.64%8.02%9.93%8.46%16.25%20.16%
201420.58%15.10%7.96%9.30%8.95%20.57%15.83%
201511.97%12.83%12.47%8.92%7.70%15.66%12.96%
201611.94%17.51%14.51%9.18%9.20%7.46%13.90%
201714.29%15.88%15.38%9.82%11.48%11.76%15.92%
201813.36%9.91%14.38%12.74%9.92%9.31%8.86%
201911.64%12.19%13.91%13.64%10.26%19.10%13.06%