Strategy Update
Performance
Global Core finished April up 0.97% and up 4.47% year to date.
Domestic equities, International equities, and Treasuries all contributed to this month's gains.
Especially notable is that Global Core lagged the S&P 500 by just 0.02 (0.97% vs 0.99%) in performance for the month while Global Core's mid-month decline was limited to 0.003% versus 1.14% for the S&P 500's. While such favorable upside/downside performance is exceptional, it does illustrate the focus of Global Core in minimizing drawdowns. I look forward to the day when market conditions permit us to deploy Global Satellite to capture high returns.
Market
The US equity markets declined into mid-April and then rallied into month-end. International equities, including both developed and emerging markets were stronger than the US equities. Fixed income did well for the month.
Positions go Long Term
While I began using the TAAS Strategies in November of 2014, it was not until April of 2016 that I opened the Strategies to subscribers. Our first subscribers are now completing their first year. I am pleased to note that subscribers who employed the recommended Last In, First Out tax strategy will see much of their holdings become eligible for Long Term tax treatment on May 1.
Tactical Asset Allocation Strategy Performance
Global Strategy (Conservative)
Month-to-date: 0.97% gain
Year-to-date: 4.47% gain
Full cycle-to-date (Sep 2007): 12.80% CAGR, 6.53% Max Monthly Drawdown
Global Strategy (Aggressive)
Month-to-date: 0.97% gain
Year-to-date: 4.47% gain
Full cycle-to-date (Sep 2007): 15.27% CAGR, 8.21% Max Monthly Drawdown
Strategy Performance Chart and Table (updated monthly)
Tactical Asset Allocation Fund Basket Performance
Global Core
Month-to-date: 0.97% gain
Year-to-date: 4.47% gain
Full cycle-to-date (Sep 2007): 10.31% CAGR, 6.53% Max Monthly Drawdown
Global Satellite
Month-to-date: hibernating since Nov 2014
Year-to-date: hibernating since Nov 2014
Full cycle-to-date (Sep 2007): 25.90% CAGR@Risk*, 8.2% Max Monthly Drawdown
*CAGR for the "Favorable" Market Conditions during which Global Satellite was invested
