Fletcher Wealth Management Profile Picture Investment Adviser

Fletcher Wealth Management

Financial Planner,Fletcher Wealth Management

  • EducationEast Tenessee State University
  • QualificationsMBA

Oil and Gas MLPs

This strategy aims to capitalize on tax efficiencies and income generated by oil and gas master limited partnerships selling at a discount to fair value.

Risk score

Risk Score 3
3
10.3%

Best 30 days

-8.0%

Worst 30 days

Performance

  • 1.8%
    30 day
  • 8.7%
    90 day
  • 30.8%
    365 day
    July 27, 2011
Monthly vs S&P500
Fletcher Wealth Management - Oil and Gas MLPs Monthly vs S&P500
2.8% 12 months
  • $20,000 investment min
  • 1.5% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

17.9%
12.4%
11.9%
10.0%
7.7%

Portfolio commentary

  1. In the luxury property market, bidding wars are for suckers

    26 August 2014

    With the current real estate inventory, can high-end home buyers probably afford to shop around and wait for a good deal?

  2. Hedging the dollar with these core holdings 16 November 2011
  3. Oil and Gas MLPs remain a safe haven 14 November 2011
  4. Maintaining stability in my Dividends and Yield portfolio 11 November 2011
  5. Staying patient on Oil & Gas MLPs 19 October 2011

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Performance detail

  • Manager (net of fees)
  • Alerian MLP

Performance

Covestor inception July 27, 2011

as of September 17, 2014 Manager (net of fees) Alerian MLP S&P 500
Past 30 days 1.8% 1.2% 1.7%
Past 90 days 8.7% 5.7% 2.6%
Past 365 days 30.8% 30.8% 19.9%
Since Covestor inception (Annualized) 14.3% 20.0% 17.1%
2014 (YTD) 18.7% 19.5% 9.9%
2013 27.8% 27.6% 32.4%
2012 -2.9% 4.8% 16.0%

Risk metrics

Last 365 days

as of September 17, 2014 Manager (net of fees) Alerian MLP S&P 500
Best 30 days 10.0% 9.1% 7.9%
Worst 30 days -4.2% -4.3% -4.8%
Volatility 12.0% 11.4% 10.2%
Sharpe Ratio 2.58 2.70 1.95
Sortino Ratio 3.97 4.74 2.66
Maximum Drawdown -5.4% -4.9% -5.7%
Value-at-risk (95%, 1 week) -2.8% -2.6% -2.4%
vs. Alerian MLP vs. S&P 500
Information Ratio 0.00 0.92
Alpha 2.3% 18.1%
Beta 0.92 0.51
R-Squared 0.77 0.19
  • $20,000 investment min
  • 1.5% fee

Latest transactions View all

Average trades per month 0.2
Executed Symbol Security Replicable Type Price
09/30/13 NS NuStar Energy LP Yes Buy $40.19
01/07/13 WPZ Williams Partners LP Yes Buy $50.22
01/07/13 SPH Suburban Propane Partners LP Yes Sell $41.72
01/07/13 KMP Kinder Morgan Energy Partners LP Yes Buy $85.43
08/05/11 EPD Enterprise Products Partners LP Yes Buy $40.09
08/05/11 BPL Buckeye Partners LP Yes Buy $60.77
08/03/11 SPH Suburban Propane Partners LP Yes Buy $43.78
08/02/11 EPB El Paso Pipeline Partners LP Yes Buy $34.95

Important Information

  1. Past performance is no guarantee of future results.
  2. 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".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. 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.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.