Green Harvest Asset Management’s Core Index Plus U.S. Equity – Institutional offers investors access to a managed portfolio of passive Exchange Traded Funds (ETFs) designed to provide domestic equity exposure closely aligned with the S&P500. This strategy employs Green Harvest’s advanced SmartCapture discipline which is an active, proprietary process designed to capture tax benefits with a focus on minimization of tracking error. This tax efficient 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.
(click to download PDF)
Initial Anchor Holdings (New Portfolio as of 06/30/19)
|Technology Select Sector SPDR®||21.5|
|Health Care Select Sector SPDR®||14.2|
|Financial Select Sector SPDR®||13.1|
|Communication Services Select Sector SPDR®||10.2|
|Consumer Discretionary Select Sector SPDR®||10.2|
|Industrial Select Sector SPDR®||9.4|
|Vanguard Consumer Staples ETF||7.3|
|Energy Select Sector SPDR®||5.0|
|Vanguard Utilities ETF||3.3|
|Vanguard Real Estate ETF||3.1|
|Vanguard Materials ETF||2.8|
Composite Performance (through 06/30/19)
|Gross||Net||S&P 500 ®Index|
|Average Annual Total Return|
|Prior 12 Months||8.80%||8.37%||10.42%|
Portfolio Characteristics (as of 06/30/19)
|Dividend Yield (%)||1.89*|
|Beta (Since Inception)||1.01|
|Tracking Error (Since Inception)||.59|
|*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.
All performance and estimates of strategy performance and other performance figures are derived from data provided from multiple third-party sources. All estimates were created with the benefit of hindsight and may not be achieved in a live account. The data received by GHAM is unaudited and its reliability and accuracy is not guaranteed.
All portfolio attributes and characteristics shown exclude directly held cash/money market balances, which are typically < 0.50% of account value. Source: Bloomberg.
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. Past performance and volatility figures should not be relied upon as an indicator of future performance or volatility.
All data and conclusions derived from data in this factsheet are unaudited and their reliability and accuracy is not guaranteed.
©2019 Green Harvest Asset Management | 110 Brewery Lane, Suite 501, Portsmouth, NH 03801 | 888-79HARVEST | greenharvestam.com