Explorer Mid Cap Growth

Explorer Accounts: U.S. Equity

Summary

The Explorer Mid-Cap Growth Account focuses on midsize companies. The portfolio manager targets U.S. firms that are projected to grow faster as compared to other mid-cap companies, thus commanding relatively higher prices. The U.S. mid-cap range for market capitalization typically falls between $1 billion and $8 billion, and represents 20% of the total capitalization of the U.S. equity market. 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).

Benchmark: S&P MidCap 400 Growth

Core Facts

Asset Class U.S. Equity
Category Mid Cap Growth
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.35%
Minimum investment [4] $1000 US
Account number E072
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
Global Payments Inc.0.40%199.337.5625.57
Lululemon Athletica Inc.-248.815.6843.17
Lam Research Corporation1.56%278.3218.4916.08
TransDigm Group Incorporated-616.4324.4124.77
Fiserv, Inc.-127.254.9723.85
IHS Markit Ltd.-76.712.8627.95
KLA Corporation1.97%189.8711.1415.72
IQVIA Holdings Inc.-178.597.2521.81
Xilinx, Inc.1.49%107.353.6027.49

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 Date1/1/14
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard Mid-Cap ETF
Portfolio Performance
MetricExplorer Mid Cap GrowthVanguard Mid-Cap ETF
Start Balance$10,000.00$10,000.00
End Balance$36,838.00$17,705.00
End Balance (inflation adjusted)$33,408.00$16,056.00
CAGR24.27%9.99%
CAGR (inflation adjusted)22.27%8.21%
Stdev13.77%12.48%
Best Year58.42%30.97%
Worst Year4.20%-9.22%
Max. Drawdown-11.24%-15.75%
Sharpe Ratio1.60.76
Sortino Ratio3.461.17
US Stock Market Correlation0.920.96
Risk and Return Metrics
MetricExplorer Mid Cap GrowthVanguard Mid-Cap ETF
Arithmetic Mean (monthly)1.90%0.86%
Arithmetic Mean (annualized)25.40%10.83%
Geometric Mean (monthly)1.83%0.80%
Geometric Mean (annualized)24.27%9.99%
Volatility (monthly)3.98%3.60%
Volatility (annualized)13.77%12.48%
Downside Deviation (monthly)1.80%2.30%
Max. Drawdown-11.24%-15.75%
US Market Correlation0.920.96
Beta (*)0.991
Alpha (annualized)12.58%0.00%
R Squared81.05%100.00%
Sharpe Ratio1.60.76
Sortino Ratio3.461.17
Treynor Ratio (%)22.129.45
Calmar Ratio3.130.78
Active Return14.29%N/A
Tracking Error6.00%N/A
Information Ratio2.38N/A
Skewness0.19-0.46
Excess Kurtosis0.641.18
Historical Value-at-Risk (5%)-5.25%-6.60%
Analytical Value-at-Risk (5%)-4.63%-5.07%
Conditional Value-at-Risk (5%)-6.45%-8.59%
Upside Capture Ratio (%)141.91100
Downside Capture Ratio (%)65.35100
Safe Withdrawal Rate26.97%21.05%
Perpetual Withdrawal Rate18.21%7.59%
Positive Periods50 out of 72 (69.44%)50 out of 72 (69.44%)
Gain/Loss Ratio1.530.83
(*) Vanguard Mid-Cap ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryExplorer Mid Cap GrowthVanguard Mid-Cap ETF
Large-cap Value0.00%7.86%
Large-cap Growth73.08%19.95%
Mid-cap Value5.24%19.70%
Mid-cap Growth13.48%43.73%
Small-cap Value8.19%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets0.00%3.83%
Emerging Markets0.00%1.73%
REITs0.00%3.20%
Corporate Bonds0.00%0.00%
Long-Term Treasuries0.00%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared80.05%95.38%
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 Stocks95.00%
Intl Stocks5.00%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap95.00%
Mid Cap5.00%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials0.00%
Consumer Cyclical20.00%
Financial Services0.00%
Real Estate0.00%
Consumer Defensive5.00%
Healthcare5.00%
Utilities5.00%
Communication Services0.00%
Energy0.00%
Industrials0.00%
Technology30.00%
Capital Goods25.00%
Miscellaneous10.00%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Mar-15Sep-157 monthsMar-166 months1 year 1 month-11.24%
2Oct-18Dec-183 monthsJan-191 month4 months-10.73%
3May-19May-191 monthJun-191 month2 months-5.15%
4Mar-14Apr-142 monthsJun-142 months4 months-3.26%
5Feb-18Mar-182 monthsMay-182 months4 months-3.18%
6Oct-16Oct-161 monthNov-161 month2 months-2.63%
7Jan-14Jan-141 monthFeb-141 month2 months-2.59%
8Sep-14Sep-141 monthNov-142 months3 months-1.94%
9Dec-14Jan-152 monthsFeb-151 month3 months-1.40%
10Jul-14Jul-141 monthAug-141 month2 months-0.98%
Rolling Returns
YearExplorer Mid Cap Growth 3-year annualized returnExplorer Mid Cap Growth 5-year annualized returnVanguard Mid-Cap ETF 3-year annualized returnVanguard Mid-Cap ETF 5-year annualized return
201615.64%N/A7.68%N/A
201720.85%N/A9.39%N/A
201825.30%18.38%6.40%6.21%
201933.55%26.56%12.35%9.25%