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Bluestone Elite

Bluestone Elite Cumulative Returns (net of 0.50% annual fee)

OBJECTIVE

Improve the risk adjusted return of a traditional all equity portfolio over the course of a full market cycle utilizing tactical asset management.

INVESTMENT STRATEGY

The strategy primarily utilizes ETFs and equities but may access fixed income for the purposes of portfolio construction. The Manager uses a top-down approach to identify sectors that we believe will produce strong or weak relative performance to the overall market and makes investments to capitalize on these market opinions. When the manager deems it appropriate to position the portfolio defensively, this strategy considers cash to be an asset class and will allocate a significant percentage to cash and cash equivalents.

PORTFOLIO MANAGEMENT

  • Brian C. Shevland
  • Lee A. Calfo

RISK TOLERANCE

Aggressive

 

 

 PORTFOLIO INFORMATION

  • Inception in October 2003
  • Typical allocation is 15-25 individual securities
  • Maximum non-ETF position size is 5% at initiation
  • No leverage, No Shorting
  • Max levered ETF exposure 10% (typically zero)

PORTFOLIO STATISTICS (1Q17)

Historical Annualized Return 11.55%
Alpha 4.30%
Beta 0.85
Sharpe Ratio 0.73
Sortino Ratio 1.25

 

 

 

 

As of 4/1/2017

 SHARES CLASSBENCHMARK
Class IClass RMs Aggressive TRS&P 500 Global BMI
Inception333.1%292.0%188.9%183.8%
YTD4.4%4.2%6.2%6.9%
20161.4%-0.3%11.3%8.8%
2015-0.3%-1.0%-2.7%-1.6%
201412.6%11.8%5.2%4.4%
201337.8%36.8%24.5%24.1%
201217.4%16.5%16.1%17.2%
2011-2.4%-3.1%-3.6%-7.7%
201018.9%18.0%16.7%15.1%
200948.4%47.3%32.0%37.8%
2008-13.6%-14.2%-37.1%-42.4%
20073.7%2.9%9.2%11.9%
200612.2%11.4%18.4%21.8%
200510.0%9.2%10.1%12.6%
200411.6%10.8%15.9%17.3%

*All investments involve risk, including the loss of principal. Past results do not guarantee future performance. Further, the investment return and principal value of an investment will fluctuate; thus an investor’s equity, when liquidated, may be worth more or less than the original cost. This document provides only impersonal advice and/or statistical data and is not intended to meet objectives or suitability requirements of any specific individual or account. This report should not be construed as a solicitation to purchase or sell any security. Returns are presented in USD net of all fees shown as well as trading costs. The returns shown are for a composite of accounts assigned to the Bluestone Elite strategy composite managed by Bluestone Capital Management and at firms that the portfolio managers were previously affiliated before the founding of Bluestone in 2011. The Bluestone Elite composite includes all Bluestone Elite strategy accounts not a part of a WRAP program. The Bluestone Elite strategy is an equity replacement strategy which seeks to provide superior risk-adjusted returns over a full market cycle. The S&P 500 is a market capitalization weighted index designed to measure equity performance of US based large capitalization companies while the S&P Global BMI is a rules based index measuring global stock market performance. Prospective clients may obtain a GIPS compliant presentation by contacting the firm via the phone or email listed below.

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