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The Covestor Investment Management team under Chief Investment Officer Sanjoy Ghosh manages two types of portfolio.
Covestor Core portfolios are comprised of low-fee ETFs, and target various investor types and risk profiles. Investors typically use core portfolios to establish index-based exposure to the broad markets, also known as “beta.” These passive portfolios are designed to complement the more than 100 actively managed portfolios on Covestor, for investors who want to assemble “core-satellite” strategies that combine some of the best features of active and passive investing in a single Covestor account. Covestor Core portfolios have no management fees. Investors pay only the expense ratios of the underlying low-cost ETFs in the portfolio and trading commissions when the portfolios are initially purchased and periodically rebalanced. Total trading commissions are currently estimated at about $20 annually.
Covestor Multi-manager portfolios simplify the product selection process and offer a way to reduce risk by spreading investments among several portfolio managers. Each Multi-manager portfolio combines 4 to 10 carefully selected portfolios from more than 130 investment products offered on Covestor's platform. Each Bundle is built using a process that attempts to provide superior returns per unit of risk taken by the investor.
1. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
2. Past performance is no guarantee of future results. Periodic and since inception performance returns are calculated daily. Monthly vs. S&P 500 return and the corresponding spark chart is calculated to the most recent month end date.
3. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.