Julex Capital Management Profile Picture Investment Adviser

Julex Capital Management

Julex Capital Management

Dynamic Income

The Dynamic Income portfolio is a multi-asset income strategy that seeks to achieve better returns than its bond index with comparable volatility and lower peak-to-trough drawdowns. Our quantitative three-step investment process dynamically guides the allocations to those income-generating asset classes that we believe are most likely to outperform in the given risk environment. It is a flexible strategy that can position the whole portfolio in cash or Treasury-related Exchange-Traded Funds during distressed markets to preserve capital.

Risk score

Risk Score 2

Best 30 days


Worst 30 days


  • -0.5%
    30 day
  • 0.6%
    90 day
  • 5.7%
    365 day
    September 30, 2013
Monthly vs S&P500
Julex Capital Management - Dynamic Income Monthly vs S&P500
-7.1% 12 months
  • $20,000 investment min
  • Margin account required
  • 1% fee


  • Debt Fund
  • Equity Fund

Top 5 securities View all


Portfolio commentary

  1. Investors flocked to quality investments in January

    10 February 2015

    Weakening global growth has investors shifting to safer assets.

  2. Staying flexible and looking for opportunities 27 January 2015
  3. How the Bank of Japan rescued global stocks 18 November 2014
  4. What to remember in a wild and volatile stock market 28 October 2014
  5. This could be the ultimate contrarian investment right now 15 October 2014

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Performance detail

  • Manager (net of fees)
  • Barclays US Agg


Covestor inception September 30, 2013

as of February 25, 2015 Manager (net of fees) Barclays US Agg S&P 500
Past 30 days -0.5% -0.2% 3.0%
Past 90 days 0.6% 1.5% 2.5%
Past 365 days 5.7% 5.4% 16.9%
Since Covestor inception (Annualized) 5.7% 5.0% 20.1%
2015 (YTD) 1.5% 1.2% 3.0%
2014 5.7% 6.0% 13.7%

Risk metrics

Last 365 days

as of February 25, 2015 Manager (net of fees) Barclays US Agg S&P 500
Best 30 days 3.1% 2.2% 9.7%
Worst 30 days -2.7% -1.0% -6.7%
Volatility 4.3% 2.8% 11.6%
Sharpe Ratio 1.32 1.93 1.46
Sortino Ratio 1.62 2.94 2.04
Maximum Drawdown -4.6% -1.8% -7.3%
Value-at-risk (95%, 1 week) -1.0% -0.6% -2.7%
vs. Barclays US Agg vs. S&P 500
Information Ratio 0.06 - 1.08
Alpha 3.8% 3.0%
Beta 0.34 0.16
R-Squared 0.05 0.19
  • $20,000 investment min
  • Margin account required
  • 1% fee

Latest transactions View all

Average trades per month 4.9
Executed Symbol Security Replicable Type Price
01/02/15 IEF iShares 7-10 Year Treasury Bond ETF Yes Buy $106.50
01/02/15 TIP iShares TIPS Bond ETF Yes Buy $112.67
01/02/15 BKLN PowerShares Senior Loan Portfolio Yes Buy $24.00
01/02/15 VNQ Vanguard REIT ETF Yes Sell $82.07
01/02/15 DVY iShares Select Dividend ETF Yes Sell $79.18
12/01/14 PFF iShares US Preferred Stock ETF Yes Sell $39.69
12/01/14 BKLN PowerShares Senior Loan Portfolio Yes Sell $24.35
12/01/14 AGG iShares Core U.S. Aggregate Bond ETF Yes Buy $110.12

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.