elmbrook presentation 4.30.15
TRANSCRIPT
Mutual Funds - PerformanceMutual Funds - Performance8
University of Wisconsin-Milwaukee | Investment Management Certificate Program
-4%-3%-2%-1%0%1%2%3%4%5%6%
12/3
1/20
14
1/7/
2015
1/14
/201
5
1/21
/201
5
1/28
/201
5
2/4/
2015
2/11
/201
5
2/18
/201
5
2/25
/201
5
3/4/
2015
3/11
/201
5
3/18
/201
5
3/25
/201
5
4/1/
2015
4/8/
2015
4/15
/201
5
4/22
/201
5
4/29
/201
5
Difference Benchmark Total Return Portfolio Total Return
Portfolio return of 3.84% outperforms the benchmark return by 2.51%
Mutual Funds – AllocationMutual Funds – Allocation8
University of Wisconsin-Milwaukee | Investment Management Certificate Program
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%Co
nsume
r Disc
retion
ary
Consu
mer S
taples
Energ
y
Finan
cials
Healt
h Car
e
Indust
rials
Inform
ation
Techn
ology
Mater
ials
Telec
ommu
nicati
ons
Utilit
ies
Portfolio Benchmark Difference
The portfolio outperformed mostly due to superior stock picking
Allocation Effect Selection Effect Interaction effect0.20% 2.45% -0.14%
Mutual Funds – Mutual Funds – CharacteristicsCharacteristics
8
University of Wisconsin-Milwaukee | Investment Management Certificate Program
The portfolio outperformed mostly due to superior stock picking
Portfolio Statistics Elmbrook Bench
Sharpe Ratio 1.14 0.79Jensen Alpha 4.23 N/AInformation Ratio 3.40 N/ATreynor Ratio 0.14 N/ABeta 0.98 1.00Capture Ratio 0.82 100.00Stand Deviation 11.88 12.07Div Yield 0.02 0.02P/E 19.04 18.61P/B 2.62 2.53P/S 1.62 1.57P/CF 11.79 11.25P/FCF 25.24 20.41
Mutual Funds – FeesMutual Funds – Fees8
University of Wisconsin-Milwaukee | Investment Management Certificate Program
The portfolio’s weighted average fee was 0.47% or $10,400 annually
Security Name (%) of Portfolio Fee WeightARTIX 2.14% 1.17% 0.03%ARTQX 3.77% 1.19% 0.04%DODFX 3.75% 0.64% 0.02%EDIV 1.96% 0.49% 0.01%EMGNX 1.45% 1.21% 0.02%GLLIX 7.73% 0.85% 0.07%GSSIX 3.23% 0.95% 0.03%HACAX 7.81% 0.65% 0.05%HAINX 3.91% 0.73% 0.03%MINIX 2.15% 0.83% 0.02%MSGIX 3.44% 1.15% 0.04%PRGFX 7.70% 0.68% 0.05%RPMGX 3.77% 0.77% 0.03%VEIRX 4.87% 0.20% 0.01%VIIIX 33.55% 0.02% 0.01%VIMAX 3.94% 0.09% 0.00%VWNAX 4.82% 0.28% 0.01%
SuggestionsSuggestions We suggest leaving the mutual fund
portion of the portfolio unchanged. If the investment style implored by these
funds goes out of favor, we may suggest cycling into new funds.
Keeping the fee structure low will be a focus for new funds if we are selling out of a higher fee based fund.
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