Defensive Utilities (PFC)

Holdings
TickerNameDays
Held
WeightLastMarket
Cap(M)
CLPHY:USA 3M 1Y 3YCLPHY:USA3M1Y3Y Customize...
CLP Holdings Ltd.98510.6%8.4621,386
CWEN:USA 3M 1Y 3YCWEN:USA3M1Y3Y Customize...
Clearway Energy, Inc.24310.9%32.643,846
ENGIY:USA 3M 1Y 3YENGIY:USA3M1Y3Y Customize...
Engie SA16512.3%22.9155,566
ENLAY:USA 3M 1Y 3YENLAY:USA3M1Y3Y Customize...
Enel SpA10310.8%9.5997,383
POR:USA 3M 1Y 3YPOR:USA3M1Y3Y Customize...
Portland General Electric Co.619.0%41.214,513
XNGSY:USA 3M 1Y 3YXNGSY:USA3M1Y3Y Customize...
ENN Energy Holdings Ltd.479.3%32.439,010

Last 20 Trades
DateTypeTickerNamePrice
(Incl Fees)
2025-05-19BUYXNGSY:USAENN Energy Holdings Ltd.32.20
2025-05-05BUYPOR:USAPortland General Electric Co.42.26
2025-04-14SELLKEN:USAKenon Holdings Ltd.28.58
2025-04-14SELLAES:USAThe AES Corp.10.48
2025-04-14SELLNPIFF:USANorthland Power, Inc.13.34
2025-04-07BUYNPIFF:USANorthland Power, Inc.12.62
2025-04-07BUYKEN:USAKenon Holdings Ltd.31.19
2025-04-07BUYAES:USAThe AES Corp.10.63
2025-04-07SELLHOKCY:USAThe Hong Kong & China Gas Co., Ltd.0.84
2025-03-31SELLXNGSY:USAENN Energy Holdings Ltd.33.01
2025-03-24BUYENLAY:USAEnel SpA7.78
2025-01-21BUYENGIY:USAEngie SA16.32
2024-11-11SELLHE:USAHawaiian Electric Industries, Inc.9.96
2024-11-04BUYCWEN:USAClearway Energy, Inc.28.13
2024-09-30SELLIBDRY:USAIberdrola SA62.01
2024-08-26SELLENGIY:USAEngie SA17.42
2024-06-03SELLAY^24:USAAtlantica Sustainable Infrastructure plc21.97
2024-03-25SELLENLAY:USAEnel SpA6.58
2024-03-18SELLEONGY:USAE.ON SE13.69
2024-03-11BUYENLAY:USAEnel SpA6.73

Performance
07080910111213141516171819202122232425
Model (%) 763416177818-21123-524201626114
Benchmark (%) 9-298315-21123-8148121-414-2-11208
Excess (%) -2352614210-3-56-315-53252416-186

Risk Measurements Since Inception Trailing 3 Year
  Model S&P 1500 Utilities ($SPALLUTL:USA)   Model S&P 1500 Utilities ($SPALLUTL:USA)
Total Return 678.60% 123.77%   38.43% 17.26%
Annualized Return 12.15% 4.60%   11.45% 5.45%
Max Drawdown -18.21% -47.59%   -18.21% -27.64%
Standard Deviation 11.33% 14.67%   13.36% 16.18%
Sharpe Ratio 0.96 0.29   0.29 -0.02
Sortino Ratio 1.30 0.38   0.39 -0.03
Correlation with S&P 1500 Utilities ($SPALLUTL:USA) 0.67 -   0.70 -
R-Squared 0.45 -   0.49 -
Beta 0.52 -   0.58 -
Alpha (annualized) 9.00% -   4.09% -

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) 12.15%
Alpha 9.00%
Rebalance Frequency Every Week
Last Rebalance 06/30/25
% Cash Invested 63.38%

Trading Stats
Average Days Held 119
Average Annual Turnover 204.83 %
Average Return 3.39%
Average Return Winners 10.73%
Average Return Losers -6.61%
Winners 57.64%