The Broadmark Tactical Growth Portfolio seeks to produce above-average, risk-adjusted returns, in any market environment, while exhibiting less downside volatility than the S&P 500 Index.
Philosophy & Approach
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call +1 (877) FUND-WHG.
*YTD figure is calculated as of the most recent month end.See disclosure
|Portfolio Net1||HFRX Equity Hedge||S&P 500 Index|
1Net returns are calculated using a 0.55% management fee for UMA, applied quarterly.
2Represents unannualized performance from 08.01.09 to 12.31.09
Beta is a measure of risk that shows a portfolio's volatility relative to its benchmark index. Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g., depreciation) and interest expense to pretax income. Correlation is a statistical measure of the interdependence of two random variables that range in value from -1 to +1, indicating perfect negative correlation at -1, absence of correlation at zero and perfect positive correlation at +1. Standard deviation measures the degree to which a portfolio’s return varies from its previous returns for from the average of all similar investments.
Past performance does not guarantee future results.
|Week Ending||Net Market Exposure|
For purposes of compliance with the GIPS® standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. (“WMC”) and Westwood Advisors, L.L.C. (“Westwood Advisors”). WMC and Westwood Advisors are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). WMC and Westwood Advisors are both SEC registered investment advisers under the Investment Advisers Act of 1940. WMC provides investment advisory services, primarily managing equity and fixed income portfolios, and Westwood Advisors provides investment advisory services, primarily to individual clients and entities as part of Westwood’s Wealth Management division. Registration does not imply a certain level of skill or training. On February 1, 2018, Westwood redefined the Firm by adding the assets of Westwood Advisors so that all SEC registered investment advisers under WHG would be included in the Firm definition. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request, as is a complete list and description of the Firm’s composites, by contacting [email protected].
Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®). Unless otherwise stated, performance shown is in U.S. Dollars.
The Tactical Growth composite seeks to produce above average, risk-adjusted returns, in any market environment, while exhibiting less downside volatility than the market itself. The strategy is designed to evaluate potential long and short investments in an attempt to isolate those securities believed to be undervalued or overvalued relative to their intrinsic value and offer the greatest risk adjusted potential for returns. The portfolio primarily invests in exchange traded funds (ETFs) of securities and security indices that can represent long, short, levered long or levered short positions in general asset classes of both U.S. and overseas equity markets. For comparison purposes, the composite’s benchmarks are the HFRX Equity Hedge Index and the S&P 500® Index. The HFRX Equity Hedge Index is comprised of private funds with strategies that maintain both long and short positions primarily in equity securities and equity derivatives. The S&P 500® Index consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value-weighted index and one of the most widely used benchmarks of U.S. stock performance.
Prior to December 31, 2018, the Morningstar Long/Short Equity Index was a secondary benchmark. It is no longer shown as the HFRX Equity Hedge Index more closely aligns to the portfolio’s investment strategies. The portfolio is sub-advised by Broadmark Asset Management LLC, an independent registered investment advisor.
Past performance is not indicative of future results.
Wrap/bundled fee accounts have represented the entire composite since inception. Wrap/bundled fee accounts pay a fee based on a percentage of assets under management. Other than brokerage commissions this fee includes investment management, portfolio monitoring, consulting services and, in some cases, custodial services. Since inception, net returns have been calculated using a 0.55% management fee for UMA, applied monthly. Other than levered and inverse ETFs, leverage or derivatives are not used. The use of levered and inverse ETFs is anticipated to be infrequent and may not materially impact returns.
The risks associated with ETFs are detailed in the individual ETF’s prospectus, which will be provided upon request. Performance shown prior to June 2015 was achieved by the portfolio management team at Forward Management, LLC (“Forward”). Forward was acquired by Salient in June 2015.