Defensive Utilities (PFC)

Holdings protected for Charter members only

Performance
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Model (%) 763416177818-21123-524201626-4
Benchmark (%) 9-298315-21123-8148121-414-2-114
Excess (%) -2352614210-3-56-315-53252416-8

Risk Measurements Since Inception Trailing 3 Year
  Model S&P 1500 Utilities ($SPALLUTL:USA)   Model S&P 1500 Utilities ($SPALLUTL:USA)
Total Return 545.11% 80.13%   13.55% 1.60%
Annualized Return 11.87% 3.60%   4.33% 0.53%
Max Drawdown -18.21% -47.59%   -18.21% -27.64%
Standard Deviation 11.47% 14.60%   16.29% 17.00%
Sharpe Ratio 0.95 0.22   0.13 -0.17
Sortino Ratio 1.29 0.29   0.18 -0.24
Correlation with S&P 1500 Utilities ($SPALLUTL:USA) 0.69 -   0.77 -
R-Squared 0.47 -   0.59 -
Beta 0.54 -   0.73 -
Alpha (annualized) 9.53% -   4.42% -

Utilities are known for the defensive earnings regardless of market cycle. But simply holding utility companies and collecting a 4 - 5% yield is not your best strategy. What about preservation of cash when utility share prices fall in bear markets if fundamentals are eroded for some reason? Wouldn't it be better if a portfolio knew how to progressively sell off holdings when specific firms were weakening fundamentally? As well, certain utilities do better in bull markets and others hold up better in bear markets. In addition to income, capital growth should also be a major factor. This defensive utilities portfolio controls for all of the above.

Key Stats
Annualized Return (CAGR) 11.87%
Alpha 9.53%
Rebalance Frequency Every Week
Last Rebalance 03/25/24
% Cash Invested 68.30%

Trading Stats
Average Days Held 112
Average Annual Turnover 217.54 %
Average Return 2.90%
Average Return Winners 10.56%
Average Return Losers -6.57%
Winners 57.93%