WI Core Growth is a multi-cap core/blend portfolio. Our objective is to outperform the Russell 3000 index without significant security or sector concentration. We will also aim to maintain volatility at a similar level to the wider equity market as measured by the S&P 500. Beta (a measure of a portfolio’s sensitivity to the overall market) will be close to 1.
The WI Core Growth security selection process seeks to uncover high-quality companies that are trading at a reasonable price with good price/earnings momentum. Our determination of high quality is measured by growth, profitability and financial health. When analyzing individual stocks, we compare the current price to our estimate of intrinsic value. We also examine a stock’s relative value based on valuation metrics using earnings, sales and cash flow. We look at price momentum based on 12 month relative strength and earnings momentum to evaluate whether a company is likely to have a positive or negative earnings surprise. We use a proprietary weighting system for each criteria and rank stocks by sector. After reviewing news to verify that a company is not involved in any lawsuit or has not had any recent negative news, we choose the stocks within each sector that have the highest rankings.
Our outside research is provided by both Morningstar and Zacks. We firmly believe that removing emotion from the investment process by utilizing a quantitative process significantly increases the chances of outperforming a passive index.
We know that allocation and diversification are a significant part of good investment performance. The WI Core Growth portfolio is diversified among U.S. large-cap, mid-cap, and small-cap stocks, as well as foreign companies that are listed in the US.
We will remove stocks from the WI Core Growth portfolio when it appears that they may announce a negative earnings surprise, when they fail to meet our original criteria, or when it does not look like they will announce a positive earnings surprise.
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 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.
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.
Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.