Global Advisers, LLC
Navigator Tactical Allocation ALL093
Start Date 01/01/2014 End Date 12/31/2019 Initial Balance $10,000 Periodic Adjustment None Rebalancing Rebalance quarterly Reinvest Dividends Yes Benchmark Goldman Sachs Growth&Inc Strat A
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Navigator Tactical Allocation ALL093
Ticker Name Allocation ACN Accenture plc 2.42% NVDA NVIDIA Corporation 2.38% CRM Salesforce.com Inc 2.38% ADBE Adobe Systems Incorporated 2.38% CSCO Cisco Systems, Inc. 2.38% INTC Intel Corporation 2.38% MA Mastercard Incorporated 2.38% V Visa Inc. 2.38% MSFT Microsoft Corporation 2.38% AAPL Apple Inc. 2.38% TMO Thermo Fisher Scientific Inc 2.38% ABBV AbbVie Inc. 2.38% AMGN Amgen Inc. 2.38% BMY Bristol-Myers Squibb Company 2.38% MDT Medtronic plc 2.38% ABT Abbott Laboratories 2.38% PFE Pfizer, Inc. 2.38% MRK Merck & Company, Inc. 2.38% UNH UnitedHealth Group Incorporated 2.38% JNJ Johnson & Johnson 2.38% WBA Walgreens Boots Alliance, Inc. 2.38% KMB Kimberly-Clark Corporation 2.38% CL Colgate-Palmolive Company 2.38% MO Altria Group 2.38% PM Philip Morris International Inc 2.38% COST Costco Wholesale Corporation 2.38% MDLZ Mondelez International, Inc. 2.38% WMT Walmart Inc 2.38% PEP Pepsico Inc 2.38% KO Coca-Cola Company 2.38% PG Procter & Gamble Company 2.38% TSLA Tesla Inc 2.38% GM General Motors Company 2.38%
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Ticker Name Allocation TGT Target Corporation 2.38% TJX TJX Companies, Inc. 2.38% BKNG Booking Holdings Inc. 2.38% LOW Lowe's Companies, Inc. 2.38% SBUX Starbucks Corporation 2.38% NKE Nike, Inc. 2.38% MCD McDonald's Corporation 2.38% HD Home Depot, Inc. 2.38% AMZN Amazon.com, Inc. 2.38%
Portfolio Performance
Metric Navigator Tactical Allocation ALL093 Goldman Sachs Growth&Inc Strat A Start Balance $10,000 $10,000 End Balance $27,079 $13,492 End Balance (inflation adjusted) $24,558 $12,236 CAGR 18.06% 5.12% CAGR (inflation adjusted) 16.15% 3.42% Stdev 11.07% 7.40% Best Year 32.86% 18.60% Worst Year 6.85% -8.94% Max. Drawdown -8.51% -12.37% Sharpe Ratio 1.49 0.59 Sortino Ratio 2.79 0.91 US Stock Market Correlation 0.91 0.92
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Risk and Return Metrics
Metric Navigator Tactical Allocation ALL093 Goldman Sachs Growth&Inc Strat A Arithmetic Mean (monthly) 1.44% 0.44% Arithmetic Mean (annualized) 18.76% 5.40% Geometric Mean (monthly) 1.39% 0.42% Geometric Mean (annualized) 18.06% 5.12% Volatility (monthly) 3.19% 2.14% Volatility (annualized) 11.07% 7.40% Downside Deviation (monthly) 1.67% 1.36% Max. Drawdown -8.51% -12.37% US Market Correlation 0.91 0.92 Beta (*) 1.28 1.00 Alpha (annualized) 10.55% 0.00% R Squared 73.81% 100.00% Sharpe Ratio 1.49 0.59 Sortino Ratio 2.79 0.91 Treynor Ratio (%) 12.81 4.40 Calmar Ratio 2.62 0.64 Active Return 12.94% N/A Tracking Error 6.04% N/A Information Ratio 2.14 N/A Skewness -0.33 -0.24 Excess Kurtosis 0.34 0.91 Historical Value-at-Risk (5%) -4.84% -3.79% Analytical Value-at-Risk (5%) -3.78% -3.08% Conditional Value-at-Risk (5%) -6.23% -4.64% Upside Capture Ratio (%) 194.51 100.00 Downside Capture Ratio (%) 83.18 100.00 Safe Withdrawal Rate 26.43% 17.99% Perpetual Withdrawal Rate 13.91% 3.31% Positive Periods 52 out of 72 (72.22%) 48 out of 72 (66.67%) Gain/Loss Ratio 1.21 0.87 (*) Goldman Sachs Growth&Inc Strat A is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
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Navigator Tactical Allocation ALL093 Returns
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Inflation Balance 2014 -3.51% 6.38% -1.09% -0.08% 2.22% 1.89% -1.32% 4.47% -0.24% 4.25% 5.82% -1.03% 18.64% 0.76% $11,864 2015 -2.09% 6.93% -1.56% 1.38% 2.11% -1.51% 5.04% -5.52% 0.16% 8.67% 0.51% 0.77% 14.96% 0.73% $13,640 2016 -4.49% -0.32% 6.56% 0.21% 2.14% 0.73% 4.42% -1.01% 0.22% -2.50% 1.03% 1.79% 8.63% 2.07% $14,817 2017 2.90% 5.22% 0.88% 2.17% 2.94% -0.14% 1.22% 1.31% 1.63% 2.85% 3.58% 1.07% 28.74% 2.11% $19,076 2018 6.88% -2.49% -2.66% 0.15% 2.49% 1.62% 3.72% 4.49% 1.85% -3.82% 3.03% -7.67% 6.85% 1.91% $20,382 2019 4.92% 3.65% 3.30% 1.43% -5.48% 7.01% 1.67% 0.96% 0.86% 3.21% 3.59% 4.14% 32.86% 2.29% $27,079
Goldman Sachs Growth&Inc Strat A Returns
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Inflation Balance 2014 -2.22% 3.54% 0.01% 0.41% 1.62% 1.52% -1.10% 1.91% -2.90% 0.56% 0.56% -1.52% 2.22% 0.76% $10,222 2015 -0.50% 3.41% -0.66% 1.21% 0.32% -1.92% 0.81% -3.96% -1.83% 4.12% 0.16% -1.44% -0.54% 0.73% $10,166 2016 -3.01% -0.71% 4.65% 0.43% 0.34% -0.00% 3.14% 0.49% 0.47% -1.39% 0.08% 1.33% 5.76% 2.07% $10,752 2017 1.64% 2.26% 0.65% 1.26% 1.32% 0.21% 2.38% 0.97% 0.91% 1.40% 0.87% 1.24% 16.19% 2.11% $12,493 2018 3.91% -3.55% -0.72% -0.07% -0.22% -1.02% 1.93% -0.36% 0.23% -5.62% 0.93% -4.36% -8.94% 1.91% $11,376 2019 6.04% 1.23% 1.18% 1.88% -3.70% 4.86% 0.29% -0.15% 0.87% 1.53% 1.36% 2.10% 18.60% 2.29% $13,492
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Portfolio Returns Based Style Analysis
Style Category Navigator Tactical Allocation ALL093 Goldman Sachs Growth&Inc Strat A Large-cap Value 11.43% 11.24% Large-cap Growth 82.58% 12.39% Mid-cap Value 0.00% 0.00% Mid-cap Growth 0.00% 7.10% Small-cap Value 0.00% 0.00% Small-cap Growth 0.00% 0.00% Global ex-US Developed Markets 0.00% 25.07% Emerging Markets 0.00% 7.81% REITs 1.10% 0.00% Corporate Bonds 0.00% 13.24% Long-Term Treasuries 2.24% 0.00% Intermediate-Term Treasuries 2.64% 0.00% Short-Term Treasuries 0.00% 23.15% R Squared 88.91% 97.34% 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.
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Exposures for Navigator Tactical Allocation ALL093
Weight Ticker Name Category ACN Accenture plc Miscellaneous / Business Services 2.42% NVDA NVIDIA Corporation Technology / Semiconductors 2.38% CRM Salesforce.com Inc Technology / Computer Software: Prepackaged Software 2.38% ADBE Adobe Systems Incorporated Technology / Computer Software: Prepackaged Software 2.38% CSCO Cisco Systems, Inc. Technology / Computer Communications Equipment 2.38% INTC Intel Corporation Technology / Semiconductors 2.38% MA Mastercard Incorporated Miscellaneous / Business Services 2.38% V Visa Inc. Miscellaneous / Business Services 2.38% MSFT Microsoft Corporation Technology / Computer Software: Prepackaged Software 2.38% AAPL Apple Inc. Technology / Computer Manufacturing 2.38% TMO Thermo Fisher Scientific Inc Capital Goods / Industrial Machinery/Components 2.38% ABBV AbbVie Inc. Health Care / Major Pharmaceuticals 2.38% AMGN Amgen Inc. Health Care / Biotechnology: Biological Products 2.38% BMY Bristol-Myers Squibb Company Health Care / Major Pharmaceuticals 2.38% MDT Medtronic plc Health Care / Biotechnology: Electromedical & Electrotherapeutic Apparatus 2.38% ABT Abbott Laboratories Health Care / Major Pharmaceuticals 2.38% PFE Pfizer, Inc. Health Care / Major Pharmaceuticals 2.38% MRK Merck & Company, Inc. Health Care / Major Pharmaceuticals 2.38% UNH UnitedHealth Group Incorporated Health Care / Medical Specialities 2.38% JNJ Johnson & Johnson Health Care / Major Pharmaceuticals 2.38% WBA Walgreens Boots Alliance, Inc. Health Care / Medical/Nursing Services 2.38% KMB Kimberly-Clark Corporation Consumer Durables / Containers/Packaging 2.38% CL Colgate-Palmolive Company Consumer Non-Durables / Package Goods/Cosmetics 2.38% MO Altria Group Consumer Non-Durables / Farming/Seeds/Milling 2.38% PM Philip Morris International Inc Consumer Non-Durables / Farming/Seeds/Milling 2.38% COST Costco Wholesale Corporation Consumer Services / Department/Specialty Retail Stores 2.38% MDLZ Mondelez International, Inc. Consumer Non-Durables / Packaged Foods 2.38% WMT Walmart Inc Consumer Services / Department/Specialty Retail Stores 2.38% PEP Pepsico Inc Consumer Non-Durables / Beverages 2.38% KO Coca-Cola Company Consumer Non-Durables / Beverages 2.38% PG Procter & Gamble Company Basic Industries / Package Goods/Cosmetics 2.38% TSLA Tesla Inc Capital Goods / Auto Manufacturing 2.38%
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Weight Ticker Name Category GM General Motors Company Capital Goods / Auto Manufacturing 2.38% TGT Target Corporation Consumer Services / Department/Specialty Retail Stores 2.38% TJX TJX Companies, Inc. Consumer Services / Clothing/Shoe/Accessory Stores 2.38% BKNG Booking Holdings Inc. Miscellaneous / Business Services 2.38% LOW Lowe's Companies, Inc. Consumer Services / RETAIL: Building Materials 2.38% SBUX Starbucks Corporation Consumer Services / Restaurants 2.38% NKE Nike, Inc. Consumer Non-Durables / Shoe Manufacturing 2.38% MCD McDonald's Corporation Consumer Services / Restaurants 2.38% HD Home Depot, Inc. Consumer Services / RETAIL: Building Materials 2.38% AMZN Amazon.com, Inc. Consumer Services / Catalog/Specialty Distribution 2.38%
Asset Allocation for Navigator Tactical Allocation ALL093
Category Weight US Stocks 100.00% Intl Stocks 0.00% US Bonds 0.00% Intl Bonds 0.00% Other 0.00% Cash 0.00%
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Equity Market Capitalization for Navigator Tactical Allocation ALL093 Stock Sectors for Navigator Tactical Allocation ALL093
Category Weight Category Weight Basic Materials 2.38% Large Cap 100.00% Consumer Cyclical 23.80% Mid Cap 0.00% Financial Services 0.00% Small Cap 0.00% Real Estate 0.00% Consumer Defensive 16.66% Healthcare 23.80% Utilities 0.00% Communication Services 0.00% Energy 0.00% Industrials 0.00% Technology 16.66% Miscellaneous 9.56% Capital Goods 7.14%
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Drawdowns for Navigator Tactical Allocation ALL093 (worst 10)
Rank Start End Length Recovery By Recovery Time Underwater Period Drawdown 1 Oct 2018 Dec 2018 3 months Mar 2019 3 months 6 months -8.51% 2 Aug 2015 Aug 2015 1 month Oct 2015 2 months 3 months -5.52% 3 May 2019 May 2019 1 month Jun 2019 1 month 2 months -5.48% 4 Feb 2018 Mar 2018 2 months Jul 2018 4 months 6 months -5.09% 5 Jan 2016 Feb 2016 2 months Mar 2016 1 month 3 months -4.80% 6 Jan 2014 Jan 2014 1 month Feb 2014 1 month 2 months -3.51% 7 Aug 2016 Oct 2016 3 months Jan 2017 3 months 6 months -3.27% 8 Dec 2014 Jan 2015 2 months Feb 2015 1 month 3 months -3.10% 9 Mar 2015 Mar 2015 1 month May 2015 2 months 3 months -1.56% 10 Jun 2015 Jun 2015 1 month Jul 2015 1 month 2 months -1.51%
Drawdowns for Goldman Sachs Growth&Inc Strat A
Rank Start End Length Recovery By Recovery Time Underwater Period Drawdown 1 Feb 2018 Dec 2018 11 months Oct 2019 10 months 1 year 9 months -12.37% 2 Jun 2015 Feb 2016 9 months Jul 2016 5 months 1 year 2 months -7.72% 3 Sep 2014 Jan 2015 5 months Apr 2015 3 months 8 months -3.78% 4 Jan 2014 Jan 2014 1 month Feb 2014 1 month 2 months -2.22% 5 Oct 2016 Oct 2016 1 month Dec 2016 2 months 3 months -1.39% 6 Jul 2014 Jul 2014 1 month Aug 2014 1 month 2 months -1.10%
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Portfolio Components
Ticker Name CAGR Stdev Best Year Worst Year Max DD Sharpe Ratio Sortino Ratio US Mkt Correlation ACN Accenture plc 19.27% 16.51% 51.21% -6.21% -16.39% 1.10 1.91 0.70 NVDA NVIDIA Corporation 57.91% 41.07% 226.94% -30.82% -52.45% 1.31 2.57 0.57 CRM Salesforce.com Inc 19.74% 23.68% 49.33% -12.68% -18.22% 0.84 1.52 0.57 ADBE Adobe Systems Incorporated 32.89% 20.76% 70.22% 9.59% -16.19% 1.44 3.16 0.65 CSCO Cisco Systems, Inc. 17.13% 20.58% 31.27% 0.62% -17.91% 0.83 1.38 0.62 INTC Intel Corporation 18.26% 21.72% 44.27% -2.21% -21.63% 0.84 1.44 0.46 MA Mastercard Incorporated 24.46% 17.49% 59.16% 3.73% -15.16% 1.30 2.37 0.68 V Visa Inc. 23.33% 16.00% 47.17% 1.37% -11.94% 1.35 2.67 0.65 MSFT Microsoft Corporation 29.98% 19.95% 57.57% 15.07% -15.50% 1.38 2.69 0.62 AAPL Apple Inc. 26.37% 25.79% 88.97% -5.39% -30.46% 1.01 1.70 0.57 TMO Thermo Fisher Scientific Inc 19.99% 18.63% 45.55% -0.12% -12.26% 1.03 1.91 0.63 ABBV AbbVie Inc. 13.31% 25.87% 60.13% -6.46% -39.03% 0.58 0.93 0.45 AMGN Amgen Inc. 16.17% 23.32% 42.32% -7.55% -21.30% 0.72 1.23 0.53 BMY Bristol-Myers Squibb Company 5.93% 24.77% 27.86% -13.50% -35.26% 0.32 0.45 0.35 MDT Medtronic plc 14.26% 16.36% 28.13% -5.44% -17.82% 0.85 1.42 0.46 ABT Abbott Laboratories 17.03% 18.40% 52.00% -12.32% -24.41% 0.91 1.51 0.68 PFE Pfizer, Inc. 7.99% 15.72% 24.82% -6.92% -21.03% 0.51 0.85 0.48 MRK Merck & Company, Inc. 13.88% 16.23% 40.00% -3.87% -17.56% 0.83 1.32 0.36 UNH UnitedHealth Group Incorporated 27.48% 18.85% 39.82% 14.52% -21.77% 1.34 2.48 0.45 JNJ Johnson & Johnson 11.07% 13.67% 24.40% -5.14% -13.20% 0.77 1.23 0.58 WBA Walgreens Boots Alliance, Inc. 2.60% 24.97% 35.30% -11.02% -44.47% 0.19 0.28 0.42 KMB Kimberly-Clark Corporation 8.82% 15.99% 24.58% -7.69% -22.50% 0.55 0.90 0.34 CL Colgate-Palmolive Company 3.25% 14.96% 18.61% -19.18% -19.26% 0.23 0.33 0.54 MO Altria Group 9.44% 20.67% 34.52% -27.09% -38.26% 0.50 0.73 0.24 PM Philip Morris International Inc 4.50% 23.30% 34.97% -33.24% -39.43% 0.27 0.38 0.48 COST Costco Wholesale Corporation 18.96% 17.32% 45.70% 0.28% -13.06% 1.05 1.83 0.56 MDLZ Mondelez International, Inc. 9.72% 17.59% 40.43% -4.27% -13.99% 0.57 0.94 0.50 WMT Walmart Inc 9.82% 17.61% 46.54% -26.64% -32.98% 0.57 0.92 0.23 PEP Pepsico Inc 11.90% 13.08% 27.37% -4.81% -15.47% 0.86 1.45 0.44 KO Coca-Cola Company 8.42% 13.25% 20.61% -0.34% -11.05% 0.61 0.92 0.39 PG Procter & Gamble Company 10.84% 13.77% 39.70% -9.95% -20.58% 0.76 1.21 0.34 TSLA Tesla Inc 18.59% 44.03% 47.85% -10.97% -48.80% 0.58 1.04 0.22 GM General Motors Company 2.27% 24.36% 22.50% -15.05% -24.03% 0.17 0.27 0.67
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Ticker Name CAGR Stdev Best Year Worst Year Max DD Sharpe Ratio Sortino Ratio US Mkt Correlation TGT Target Corporation 16.26% 25.49% 100.15% -5.85% -33.61% 0.68 1.26 0.28 TJX TJX Companies, Inc. 13.05% 17.10% 38.77% 3.45% -19.83% 0.75 1.23 0.52 BKNG Booking Holdings Inc. 9.95% 26.22% 19.24% -1.91% -26.77% 0.46 0.76 0.48 LOW Lowe's Companies, Inc. 17.91% 23.18% 41.19% -4.87% -20.90% 0.79 1.26 0.66 SBUX Starbucks Corporation 16.39% 18.16% 48.21% -6.12% -21.61% 0.88 1.50 0.34 NKE Nike, Inc. 18.45% 19.91% 38.10% -17.71% -23.48% 0.91 1.60 0.48 MCD McDonald's Corporation 15.86% 13.89% 45.02% -0.11% -10.20% 1.07 2.03 0.35 HD Home Depot, Inc. 20.32% 17.79% 44.61% -7.32% -16.57% 1.09 1.90 0.69 AMZN Amazon.com, Inc. 29.12% 28.59% 117.78% -22.18% -25.38% 1.01 1.91 0.60
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Portfolio Return Decomposition
Ticker Name Navigator Tactical Allocation ALL093 ACN Accenture plc $461 NVDA NVIDIA Corporation $1,260 CRM Salesforce.com Inc $468 ADBE Adobe Systems Incorporated $737 CSCO Cisco Systems, Inc. $379 INTC Intel Corporation $441 MA Mastercard Incorporated $623 V Visa Inc. $547 MSFT Microsoft Corporation $687 AAPL Apple Inc. $679 TMO Thermo Fisher Scientific Inc $491 ABBV AbbVie Inc. $326 AMGN Amgen Inc. $399 BMY Bristol-Myers Squibb Company $221 MDT Medtronic plc $352 ABT Abbott Laboratories $428 PFE Pfizer, Inc. $207 MRK Merck & Company, Inc. $359 UNH UnitedHealth Group Incorporated $601 JNJ Johnson & Johnson $253 WBA Walgreens Boots Alliance, Inc. $34.56 KMB Kimberly-Clark Corporation $214 CL Colgate-Palmolive Company $75.02 MO Altria Group $183 PM Philip Morris International Inc $136 COST Costco Wholesale Corporation $456 MDLZ Mondelez International, Inc. $254 WMT Walmart Inc $306 PEP Pepsico Inc $268 KO Coca-Cola Company $227 PG Procter & Gamble Company $313 TSLA Tesla Inc $661 GM General Motors Company $110
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Ticker Name Navigator Tactical Allocation ALL093 TGT Target Corporation $532 TJX TJX Companies, Inc. $364 BKNG Booking Holdings Inc. $244 LOW Lowe's Companies, Inc. $423 SBUX Starbucks Corporation $416 NKE Nike, Inc. $452 MCD McDonald's Corporation $368 HD Home Depot, Inc. $432 AMZN Amazon.com, Inc. $689
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Portfolio Risk Decomposition
Ticker Name Navigator Tactical Allocation ALL093 ACN Accenture plc 2.59% NVDA NVIDIA Corporation 4.85% CRM Salesforce.com Inc 3.00% ADBE Adobe Systems Incorporated 3.01% CSCO Cisco Systems, Inc. 2.74% INTC Intel Corporation 2.19% MA Mastercard Incorporated 2.67% V Visa Inc. 2.63% MSFT Microsoft Corporation 2.77% AAPL Apple Inc. 3.31% TMO Thermo Fisher Scientific Inc 2.86% ABBV AbbVie Inc. 2.63% AMGN Amgen Inc. 3.11% BMY Bristol-Myers Squibb Company 2.09% MDT Medtronic plc 2.02% ABT Abbott Laboratories 2.88% PFE Pfizer, Inc. 1.84% MRK Merck & Company, Inc. 1.47% UNH UnitedHealth Group Incorporated 1.76% JNJ Johnson & Johnson 1.86% WBA Walgreens Boots Alliance, Inc. 2.53% KMB Kimberly-Clark Corporation 1.52% CL Colgate-Palmolive Company 1.86% MO Altria Group 1.61% PM Philip Morris International Inc 2.64% COST Costco Wholesale Corporation 2.54% MDLZ Mondelez International, Inc. 2.21% WMT Walmart Inc 1.13% PEP Pepsico Inc 1.55% KO Coca-Cola Company 1.46% PG Procter & Gamble Company 1.21% TSLA Tesla Inc 2.95% GM General Motors Company 3.01%
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Ticker Name Navigator Tactical Allocation ALL093 TGT Target Corporation 1.74% TJX TJX Companies, Inc. 1.96% BKNG Booking Holdings Inc. 2.88% LOW Lowe's Companies, Inc. 3.35% SBUX Starbucks Corporation 1.59% NKE Nike, Inc. 2.11% MCD McDonald's Corporation 1.30% HD Home Depot, Inc. 2.53% AMZN Amazon.com, Inc. 4.04%
Rolling Returns
Navigator Tactical Allocation ALL093 Goldman Sachs Growth&Inc Strat A Roll Period Average High Low Average High Low 1 year 18.45% 32.86% 6.85% 5.55% 18.60% -8.94% 3 years 16.94% 22.26% 14.00% 5.26% 7.86% 2.45% 5 years 16.62% 17.94% 15.31% 4.16% 5.71% 2.61% Result statistics are based on annualized rolling returns over full calendar year periods
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