Green Harvest Asset Management’s Core Index Plus U.S. Equity 25% Hedged strategy offers investors access to a managed portfolio of passive Exchange Traded Funds (ETFs) designed to provide domestic equity exposure closely aligned with the S&P 500® Index. The ‘hedged’ aspect of this strategy meaningfully increases the current TBC opportunity for the first few years by capturing losses in up and down markets. The account management process and technology needs are nearly the same as our traditional strategies and the simplicity of ETF-based TBC strategies remain simple as only one additional position is added.
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Initial Anchor Holdings (New Portfolio as of 12/31/19)
|XLK||Technology Select Sector SPDR® Fund||27.5|
|XLV||Health Care Select Sector SPDR® Fund||13.0
|XLY||Consumer Discretionary Select Sector SPDR® Fund||12.3|
|XLF||Financial Select Sector SPDR® Fund||11.3|
|XLC||Communication Services Select Sector SPDR® Fund||11.2|
|XLI||Industrial Select Sector SPDR® Fund||8.5|
|XLP||Consumer Staples Select SPDR® Fund||5.9|
|XLE||Energy Select Sector SPDR® Fund||2.9|
|XLB||Materials Select SPDR® Fund||2.6|
|XLRE||Real Estate Select Sector SPDR® Fund||2.6|
|XLU||Utilities Select Sector SPDR® Fund||2.4|
|Initial Holdings are as of the date stated and are subject to change|
Composite Performance (through 12/31/19)
|Gross||Net||S&P 500 ®Index|
|Prior 12 Months|
|Since Inception (annualized)||10.01%||9.56%||10.90%
Portfolio Characteristics (as of 12/31/19)
|Dividend Yield (%)||2.45*|
|Beta (Since Inception)||1.04|
|Tracking Error (Since Inception)||1.11|
|Market-Cap Breakdown (%)|
|*Dividend yield of portfolio ETFs|
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. It is not possible to invest directly in an index.
GHAM does not provide tax advice. Although GHAM does not employ a Certified Public Accountant on its staff, we have, and continue to work 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.
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.
All estimates of past returns of broad, narrow, sector, country, regional or other indices do not include the impact of advisor fees, unless specifically indicated.
Portfolio Characteristics analytics applies to assets invested in GHAM strategy and their underlying exposures, and excludes any directly held cash or money market balances, which are typically < 0.50% of account value.
All data and conclusions derived from data in this factsheet are unaudited and their reliability and accuracy is not guaranteed.
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