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.
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Initial Anchor Holdings (New Portfolio as of 3/31/19)
|Technology Select Sector SPDR®||21.19|
|Health Care Select Sector SPDR®||14.57|
|Financial Select Sector SPDR®||12.69|
|Consumer Discretionary Select Sector SPDR®||10.15|
|Communication Services Select Sector SPDR®||10.11|
|Industrial Select Sector SPDR®||9.48|
|Vanguard Consumer Staples ETF||7.33|
|Energy Select Sector SPDR®||5.43|
|Vanguard Utilities ETF||3.33|
|Vanguard Real Estate ETF||3.09|
|Vanguard Materials ETF||2.64|
Composite Performance (through 03/31/19)
|Gross||Net||S&P 500 ®Index|
|Average Annual Total Return|
|Prior 12 Months||8.30%||7.87%||9.50%|
Portfolio Characteristics (as of 3/31/19)
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. Portfolio, performance and loss capture statistics are inclusive of US Equity and US Equity Enhanced Strategies. Loss Capture statistics reflect simple averages of all accounts in each composite. “% of Loss Capture” equals simple average of cumulative Realized Losses for each account since initial allocation, divided by initial account values. Realized Losses obtained from custodian.
As of 12/31/2018, this composite consisted of one account. Although there are multiple accounts following this mandate, only 1 account qualified under strict GIPS compliance guidelines.
Reasons to harvest capital losses, sources of capital gains and the suggestion that mutual funds distribute capital gains are for example purposes only and not meant to be tax, estate planning or investment advice in any form or for any specific client.
All performance and estimates of strategy performance, after tax alpha, after tax alpha opportunities 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.
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.
Portfolio Characteristics analytics applies to assets invested in GH strategy and their underlying exposures, and excludes any directly held cash or money market balances