Beta Capital Advisors

  • BetaCore Strategies

    BetaCore strategies are designed to provide core exposure across market segments for asset allocation programs. Please see below for composite strategy performance and to learn more about the structure, performance, and risk of each strategy. Please review the BetaCore Investor Notes section immediately following the below table for important disclosures.

    Annualized Performance BetaCore Strategies/ Composite benchmark Indexes

    Periods Ending December 31, 2013. Composite performance net of advisory fees, trading costs, and underlying fund expenses.

    One Year Three Years Five Years Ten Years Composite Inception (4/1/2011) Click for
    BetaCore U.S. Large Cap Equity Composite | September 2013 29.64% 13.68%
    S&P 500 Index 32.39% 16.18% 17.94% 7.41% 15.34%
    Composite US Large Cap ETF Index 30.11% 15.43% 17.75% 8.75% 14.60% BetaProfile
    BetaCore U.S. Equity Composite | September 2013 27.44% 12.96%
    Russell 3000 Index 33.55% 16.24% 18.71% 7.88% 15.22%
    Composite US Equity ETF Index 27.89% 14.75% 18.42% 9.05% 13.59% BetaProfile
    BetaCore International Equity Composite | September 2013 8.51% 1.87%
    70% MSCI EAFE & 30% MSCI Emerging Markets Indexes 14.71% 5.06% 13.28% 8.32% 4.41%
    Composite Intl Equity ETF Index 9.72% 3.92% 14.08% 9.60% 3.19% BetaProfile
    BetaCore Global Equity Composite | September 2013 17.51% 7.07%
    50% Russell 3000, 35% MSCI EAFE, & 15% MSCI Emerging Markets Indexes 23.97% 10.64% 16.09% 8.23% 9.82%
    Composite Global ETF Index 18.70% 9.38% 16.40% 9.48% 8.45% BetaProfile
    BetaCore US Bond Composite | September 2013 -2.81% 3.19%
    BarCap US Aggregate Interm Term Index -1.02% 2.79% 4.18% 4.31% 2.87%
    BetaProfile
    BetaCore Balanced Income Composite | September 2013 4.58% 5.20%
    30% Equity/70% Bond Index 7.06% 6.05% 8.36% 5.82% 5.87%
    BetaProfile
    BetaCore Balanced Composite | September 2013 9.15% 6.40%
    50% Equity/50% Bond Index 12.71% 8.12% 11.02% 6.66% 7.75%
    BetaProfile
    BetaCore Balanced Growth Composite | September 2013 14.06% 7.57%
    70% Equity/30% Bond Index 18.57% 10.10% 13.57% 7.36% 9.53%
    BetaProfile

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    BetaCore Investor Notes

    Past performance is not indicative of future results. Investment results will vary from time to time depending upon market conditions and trading expenses; any investment results reported should not be considered representative of what an investment may earn in any future period. Investment results reflect specific investment guidelines, limitations, and costs that may not be reflective of an investor’s circumstances.

    Strategy composite returns are net of all fees and expenses. Performance reflects trade date accounting for all accounts represented across composites and reflects all dividends, interest, realized and unrealized capital gains and losses for all accounts included. Returns are time-weighted. Multi-period returns reflect linked, geometric daily returns over the period. Returns of one year or greater are annualized.

    Composite performance reflects all discretionary, fee-paying accounts (present and closed), managed in accordance with the specified BetaCore strategy. Accounts are included in a composite upon the first calendar month, and are removed after the final calendar month, managed in accordance to the specified strategy. Accounts reflecting client objectives, restrictions, and other limitations materially not consistent with BetaCore composite strategies are not included. Composites are created at the end of each calendar month to reflect asset weighted returns, based on previous month-end market values.

    Individual account performance may deviate from assigned composite and holdings may not be consistent across all composite accounts as a result of several factors, including but not limited to: account size, timing and magnitude of cash flows, investment restrictions, and client guidelines.

    Index returns represent an unmanaged basket of securities and do not reflect the performance of actual accounts. An index is not investable and does not reflect costs associated with portfolio investing, such as trading, management, advisory, and other expenses. Index returns reflect reinvestment of income.

    The S&P 500 Index is calculated by Standard & Poor’s and reflects the performance of a capitalization- weighted portfolio of large US equities.

     

    The Russell 3000 Index is calculated by Russell Indexes and reflects the performance of a capitalization-weighted basket of large-, mid-, and small- capitalization US companies. The MSCI EAFE and Emerging Markets indexes are calculated by MSCI and reflect, respectively, the performance of international developed and emerging market equities.The Barclays Capital Aggregate US Intermediate Bond Index is calculated by Barclays Capital; it reflects the performance of investment grade, US dollar denominated, fixed-rate, taxable bonds with maturities between one and ten years. It includes Treasury, government-related and corporate securities, mortgage-backed, asset-backed, and commercial mortgage-backed securities.Composite benchmarks reflect the weighted performance of the referenced indexes rebalanced at the end of each calendar quarter to the indicated weights. For Balanced Income, Balanced, and Balanced Growth composite benchmarks, the first indicated allocation % is applied to the quarterly return of a composite of 70% Russell 3000, 21% MSCI EAFE, and 9% MSCI Emerging Markets indexes; with the second allocation % applied to the quarterly return of the Barclays Capital US Aggregate intermediate Bond Index.

    The composite ETF indexes are calculated by Beta Capital Advisors (BCA) and reflect the hypothetical, back-tested performance of a basket of ETFs, selected by BCA, with the retroactive application of fixed quarterly weights applied to the performance of the ETFs. As a result, the indexes theoretically may be changed from time to time to obtain more favorable performance results. Where performance precedes the inception of an ETF, it reflects the performance of the underlying ETF benchmark index adjusted for the ETF’s expense ratio.

    Composite ETF indexes do not reflect an investment advisor’s decision process in managing actual accounts, or the impact of market and economic conditions on the management of accounts.

    The US Large Cap Equity ETF Index reflects the performance of equally weighted sector ETFs with a 2% allocation to cash. The US Equity ETF Index reflects the performance of equally weighted equity sector ETFs (69%- allocation %); REIT, mid-cap, and small-cap equity index ETFs (29%); and a 2% allocation to cash. The International Equity ETF Index reflects the performance of equally weighted country index ETFs investing in Asian developed (28%) and European equity markets (28%); allocations to international REIT, small-cap, and Canadian equity ETFs (13%); allocations to regional emerging market equity ETFs (29%); and a 2% allocation to cash. The Global Equity ETF Index reflects the composite performance of the US Equity ETF Index (47%), the International Equity ETF Index (51%), and a 2% allocation to cash.

     

    Definitions:

    Std. Dev.: Standard deviation measures the variability of performance over time; viewed as a measure of risk, higher values reflect the higher degree of variability for an investment’s periodic returns

    Alpha: For a diversified portfolio reflects the performance not explained by market risk (Beta) assumed; also referred to as active return

    Beta: Measures the sensitivity of the performance of an investment to movements in market returns (as captured by a benchmark index); also referred to as market risk; values greater than 1 (less than 1) reflect greater (lesser) sensitivity to market return

    R2: R(Squared) measures the proportion of an investment’s return that can be explained by the performance of an assigned benchmark index

    Sharpe Ratio: reward to variability ratio; captures excess performance of an investment (investment less risk free return) relative to the volatility of the investment

    Tracking Error: Annualized standard deviation of performance differential between an investment and its assigned benchmark

    Fund fundamental valuation ratios are computed from most recently reported fund holdings and are quoted on a per share basis; TTM refers to trailing 12 months; Proj Earnings refers to earnings projections for current fiscal year; P=Price for reporting date; E=most recent reported annual earnings; B= most recent reported book value, C=most recent reported cash balance; S=most recent reported annual sales; Net margin measures last 12 months net income as proportion of most recent revenues; Projected LT Earnings Growth reflects analyst growth expectations for next 3-5 years; 12 Month Yield reflects trailing 12 month distributions as percent of reported price; ROA refers to net income as proportion of most recently reported average assets; ROE refers to net income as proportion most recently reported average shareholder equity, equals ROA multiplied by firm financial leverage; Debt-to-Capital measures proportion of debt to total firm capital as reported in most recent financial statements

    Morningstar Style Box: Positions a fund’s aggregate holdings relative to style (value/growth/blend) and size (large-, mid-, small capitaltalization) risk factors.

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