Fletcher Wealth Management Profile Picture Investment Adviser

Fletcher Wealth Management

Financial Planner,Fletcher Wealth Management

  • EducationEast Tenessee State University
  • QualificationsMBA

Texas-Based

This strategy aims to provide exposure to US. domestic markets via companies based in one of the most business friendly states: Texas. In addition to having a GDP that dwarfs many countries (The Economist has compared the size of the Texas GOP to that of Russia's - Economist.com), Texas has been highly ranked by Forbes' "The Best States For Business And Careers” (Forbes.com)  as well as CNBC’s "America's Top States for Business" (CNBC.com).

We look to capitalize on discounts to fair value, while taking advantage of a large economy and business friendly government.

Risk score

Risk Score 4
4
16.7%

Best 30 days

-21.8%

Worst 30 days

Performance

  • -0.2%
    30 day
  • -10.9%
    90 day
  • -1.3%
    365 day
    July 12, 2011
Monthly vs S&P500
Fletcher Wealth Management - Texas Based Monthly vs S&P500
-12.5% 12 months
  • $20,000 investment min
  • 1.5% fee

Exposure

25.5%
23.9%
17.4%
11.4%
10.1%
  • MLP
  • Consumer, Cyclical
  • Consumer, Non-cyclical
  • REIT
  • Energy

Top 5 securities View all

23.8%
18.3%
12.6%
11.3%
7.1%

Portfolio commentary

  1. A historic bull market turns 6

    10 March 2015

    Whether this historic bull market can turn 7 is an intriguing question.

  2. Post election predictions for your portfolio 5 November 2014
  3. In the luxury property market, bidding wars are for suckers 26 August 2014
  4. Hedging the dollar with these core holdings 16 November 2011
  5. Oil and Gas MLPs remain a safe haven 14 November 2011

show more


Performance detail

  • Manager (net of fees)

Performance

Covestor inception July 12, 2011

as of July 31, 2015 Manager (net of fees) S&P 500
Past 30 days -0.2% 1.4%
Past 90 days -10.9% 0.3%
Past 365 days -1.3% 11.2%
Since Covestor inception (Annualized) 7.8% 14.7%
2015 (YTD) -6.2% 3.4%
2014 17.6% 13.7%
2013 25.8% 32.4%
2012 12.6% 16.0%

Risk metrics

Last 365 days

as of July 31, 2015 Manager (net of fees) S&P 500
Best 30 days 16.7% 9.7%
Worst 30 days -13.4% -6.7%
Volatility 16.9% 12.2%
Sharpe Ratio - 0.08 0.92
Sortino Ratio - 0.12 1.38
Maximum Drawdown -15.0% -7.3%
Value-at-risk (95%, 1 week) -3.9% -2.8%
vs. S&P 500
Information Ratio - 1.08
Alpha -11.4%
Beta 1.01
R-Squared 0.53
  • $20,000 investment min
  • 1.5% fee

Latest transactions View all

Average trades per month 0.2
Executed Symbol Security Type Price
09/30/13 CCI Crown Castle International Corp Buy $72.99
09/30/13 SYY Sysco Corp Buy $31.92
01/07/13 TXN Texas Instruments Inc Sell $31.84
01/07/13 APA Apache Corp Buy $80.25
10/03/12 TXN Texas Instruments Inc Buy $27.43
10/03/12 PSX Phillips 66 Sell $45.06
10/03/12 COP ConocoPhillips Sell $56.80
10/03/12 DF Dean Foods Co Sell $15.91

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 asset-weighted average 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. The checked transactions passed Covestor's trading rules and were eligible for investment at the time of execution, subject to individual client constraints. Eligibility 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.