The Lower Volatility Returns portfolio attempts to beat the S&P 500 over the long term while taking on less risk. It takes a rules-based approach to making investment decisions and seeks to own multiple asset classes within a concentrated strategy.
The portfolio invests in multiple asset classes and seeks to own stocks for the long term. However, it uses technical analysis in an attempt to optimize stock entries and exits. It does not utilize leverage and typically hold some securities that are intended to perform as loss hedges in the event of a stock market downturn.
Multiple investigative and analytical approaches are used in the strategy, including techniques that seek to invest in at least some asset classes with a low degree of historical return correlations with the S&P 500.
The portfolio typically holds 10 to 15 positions. It is a long-only strategy and does not utilize leverage. It typically will not allow any one position to account for more than 30% of the strategy. It usually trades fewer than 5 times a month, with many of those transactions being adjustments to long-term positions.
A stock is typically sold when another security appears more attractive based on its potential performance contribution or its ability to reduce volatility in the portfolio.
Past performance is no guarantee of future results.
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".
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.
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.
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.
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.
Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
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.
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.
Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.