Green Harvest Asset Management’s Core Index Plus Global Equity strategy (benchmark: GHAM Global Equity Index) offers investors access to a passively managed portfolio of passive Exchange Traded Funds (ETFs). This strategy employs Green Harvest’s advanced SmartCapture discipline, which is an active, proprietary process designed to capture tax benefits with a minimization of tracking error. This tax-beneficial strategy seeks to minimize or reduce taxes by capturing capital losses that may be used to offset capital gains which may improve after-tax performance.
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Tax Benefit Capture* in the 2020 Vintage Account
Vintage account was originally invested on 1/2/20 to illustrate 2020 calendar year attributes
Initial Anchor Holdings (New Portfolio as of 9/30/20)
|XLK||Technology Select Sector SPDR®||16.1|
|EZU||SPDR EURO STOXX 50 ETF||11.9|
|AAXJ||ISHARES MSCI ALL COUNTRY ASI||10.6|
|XKV||Health Care Select Sector SPDR®||8.1|
|EWJ||ISHARES MSCI JAPAN ETF||7.6|
|XLC||Communication Services Select Sector SPDR®||6.6|
|XLY||Consumer Discretionary Select Sector SPDR®||6.2|
|XLF||Financial Select Sector SPDR®||5.5|
|XLI||Industrial Select Sector SPDR®||4.7|
|XLP||Consumer Staples Select Sector SPDR®||4.0|
|FLGB||FRANKLIN FTSE UNITED KINGDOM||3.9|
|FLSW||ISHARES MSCI SWITZERLAND ETF||3.1|
|EWC||ISHARES MSCI CANADA ETF||2.9|
|FLAU||FRANKLIN FTSE AUSTRALIA ETF||1.8|
|XLU||Utilities Select Sector SPDR®||1.7|
|XLRE||Real Estate Select Sector SPDR®||1.5|
|XLB||Materials Select Sector SPDR®||1.5|
|XLE||Energy Select Sector SPDR®||1.2|
|ILF||ISHARES LATIN AMERICA 40 ETF||1.1|
Pre-Tax Composite Performance (through 9/30/20)
|3 month||YTD||1 Year||3 Year||Inception|
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when the portfolio is liquidated. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment and does not include the impact of advisory fees. It is not possible to invest directly in an index.
GHAM does not provide tax advice. GHAM works with outside accounting firms and outside tax counsel that provide ongoing guidance and updates on all relevant tax law. Federal, state and local tax laws are subject to change. GHAM is not responsible for providing clients updates on any changes in tax laws, rules or statutes.
Composite performance calculations based on asset weighted average of all accounts in the strategy.
Although there are multiple accounts investing in a similar Global strategy, only 1 account qualified for inclusion based on the GIPS policies and procedures.
Reasons to harvest capital losses, sources of capital gains and the suggestion that mutual funds distribute capital gains are for illustrative purposes only.
The availability of tax alpha is highly dependent upon the initial date and time of investment as well as market direction and security volatility during the investment period. Tax loss harvesting outcomes may vary greatly for clients who invest on different days, weeks, months and all other time periods.
The Core Index Plus Global Equity Strategy composite is compared against the iShares MSCI ACWI ETF. The iShares MSCI ACWI ETF is composed of large- and mid-capitalization developed and emerging market equities.
Portfolio Characteristics analytics applies to assets invested in GHAM strategy and their underlying exposures, and excludes any directly held cash or money market balances.
The initial anchor holdings are as of 3/31/20 but actual initial portfolio holdings and subsequent holdings are subject to change.
All data and conclusions derived from data in this factsheet are unaudited and their reliability and accuracy is not guaranteed.
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