Explorer Mid Cap Value

Explorer Accounts: U.S. Equity

Summary

The Explorer Mid-Cap Value Account focuses on U.S. stocks that are either less expensive or growing more slowly than the market. 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. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Benchmark: S&P MidCap 400 Value

Core Facts

Asset Class U.S. Equity
Category Mid Cap Value
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.35%
Minimum investment [4] $1000 US
Account number E073
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
Best Buy Co., Inc.2.19%87.556.2314.52
Newmont Corporation1.32%47.691.9322.19
Arthur J. Gallagher & Co.1.80%101.644.1822.75
Garmin Ltd.2.34%87.674.3422.42
Arch Capital Group Ltd.-44.312.9614.75
Reliance Steel & Aluminum Co.1.84%119.228.6913.95
WEC Energy Group, Inc.2.70%90.673.7425.12
CMS Energy Corporation2.40%66.032.6723.93
Xcel Energy Inc.2.56%64.772.7822.83
Marvell Technology Group Ltd.0.87%29.770.9329.58

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 Date1/1/15
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard Mid-Cap Value ETF
Portfolio Performance
MetricExplorer Mid Cap ValueVanguard Mid-Cap Value ETF
Start Balance$10,000.00$10,000.00
End Balance$18,246.00$14,835.00
End Balance (inflation adjusted)$16,673.00$13,555.00
CAGR12.78%8.21%
CAGR (inflation adjusted)10.76%6.27%
Stdev11.09%12.81%
Best Year41.81%27.84%
Worst Year-5.56%-12.45%
Max. Drawdown-10.08%-15.59%
Sharpe Ratio1.050.6
Sortino Ratio1.90.9
US Stock Market Correlation0.860.96
Risk and Return Metrics
MetricExplorer Mid Cap ValueVanguard Mid-Cap Value ETF
Arithmetic Mean (monthly)1.06%0.73%
Arithmetic Mean (annualized)13.45%9.08%
Geometric Mean (monthly)1.01%0.66%
Geometric Mean (annualized)12.78%8.21%
Volatility (monthly)3.20%3.70%
Volatility (annualized)11.09%12.81%
Downside Deviation (monthly)1.73%2.42%
Max. Drawdown-10.08%-15.59%
US Market Correlation0.860.96
Beta (*)0.761
Alpha (annualized)6.02%0.00%
R Squared77.78%100.00%
Sharpe Ratio1.050.6
Sortino Ratio1.90.9
Treynor Ratio (%)15.247.68
Calmar Ratio1.680.6
Active Return4.57%N/A
Tracking Error6.04%N/A
Information Ratio0.76N/A
Skewness0.13-0.45
Excess Kurtosis1.181.33
Historical Value-at-Risk (5%)-4.36%-7.02%
Analytical Value-at-Risk (5%)-4.19%-5.35%
Conditional Value-at-Risk (5%)-5.70%-8.26%
Upside Capture Ratio (%)99.79100
Downside Capture Ratio (%)67.78100
Safe Withdrawal Rate24.01%22.79%
Perpetual Withdrawal Rate9.72%5.91%
Positive Periods39 out of 60 (65.00%)42 out of 60 (70.00%)
Gain/Loss Ratio1.320.74
(*) Vanguard Mid-Cap Value 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 ValueVanguard Mid-Cap Value ETF
Large-cap Value21.31%40.56%
Large-cap Growth9.63%0.00%
Mid-cap Value20.33%28.58%
Mid-cap Growth7.11%15.76%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets5.03%13.31%
Emerging Markets0.00%0.00%
REITs27.54%1.79%
Corporate Bonds9.06%0.00%
Long-Term Treasuries0.00%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared87.17%96.97%
Style analysis is based on monthly returns from Jan 2015 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 Cap86.24%
Mid Cap13.76%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials7.13%
Consumer Cyclical28.50%
Financial Services24.94%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare7.13%
Utilities21.38%
Communication Services0.00%
Energy3.56%
Industrials0.00%
Technology3.56%
Capital Goods3.81%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Mar-15Jan-1611 monthsApr-163 months1 year 2 months-10.08%
2Sep-18Dec-184 monthsFeb-192 months6 months-9.88%
3Feb-18Feb-181 monthJun-184 months5 months-4.23%
4May-19May-191 monthJun-191 month2 months-3.83%
5Aug-16Oct-163 monthsNov-161 month4 months-3.63%
6Mar-17Apr-172 monthsMay-171 month3 months-1.06%
7Aug-19Aug-191 monthSep-191 month2 months-0.27%
8Aug-17Aug-171 monthSep-171 month2 months-0.25%
9Dec-17Dec-171 monthJan-181 month2 months-0.05%
Rolling Returns
YearExplorer Mid Cap Value 3-year annualized returnExplorer Mid Cap Value 5-year annualized returnVanguard Mid-Cap Value ETF 3-year annualized returnVanguard Mid-Cap Value ETF 5-year annualized return
201710.79%N/A9.85%N/A
201810.86%N/A5.75%N/A
201916.63%12.78%9.43%8.21%