SBI AlphaIQ 20 Int'l Stock Portfolio

Date Updated: 06/30/2010 Download Stock Portfolio Overview

Summary

Investment Objective

Long-term capital appreciation with little consideration for income generation. Intended for investors who can tolerate the short-term volatility of international equity markets in the pursuit of longer-term returns.

Investment Strategy

The Portfolio is invested in 20 international stocks, with a small amount invested in US money market funds for liquidity. Stocks are selected using the Investment Process described on the Stock Portfolios Overview Page.

Investment Risks

The SBI AIphaIQ Stock Portfolios are highly concentrated, with 20 equally weighted stock positions. As a result, the portfolios are more volatile than is the broad equity market as a whole. The portfolio manager makes no attempt to control sector allocations nor pursue any other type of risk control. The returns are largely uncorrelated with the appropriate market indices and thus annual returns can differ significantly from broad equity market returns.

Performance

Hypothetical Growth of $10,000

SBI AlphaIQ 20 International Stock = $9,914 Index = $10,164

One, Three, Five and Ten Year Annualized Returns

SBI AlphaIQ 20 International Stock Index

Annual Returns
Portfolio Statistics
Year Portfolio Index*
2010 YTD -12.0% -13.2%
2009 43.0% 31.8%
2008 -49.9% -43.4%
2007 18.4% 11.2%
2006 31.2% 26.4%
2005 18.0% 13.6%
2004 16.3% 20.2%
2003 25.9% 38.6%
2002 -6.4% -15.9%
2001 -1.1% -21.4%
2000** -36.7% -10.5%
Three Year Portfolio Index
Std Dev 31.3 24.5
Beta 0.8
R-Sqrd 0.4
Upside 0.8
Downside 0.8
Portfolio Returns
Period Portfolio Index
1 Yr 8.9% 5.9%
3 Yr Ann -11.2% -13.4%
5 Yr Ann 3.4% 0.9%
10 Yr Ann -0.1% 0.2%

NOTES: * The index for the SBI AlphaIQ 20 International Stock Portfolio is comprised of 100% MSCI EAFE Index.2000 ** Return is Jul - Dec and is not annualized. | Based on pre-inception data prior to Jun 25, 2009. After that, actual performance is reported. Actual results include AthenaInvest's maximum management fee of 1.0%, all custodial costs and all fund fees, if applicable.View further disclosures by clicking on the link at the bottom of the page.

Holdings

Strategy Allocation


Sector Allocation


Expenses

Expense Overview

SBI Portfolios can be managed directly via Seperately Managed Accounts or indirectly through a sub-advisory agreement. The expense structures differ between these two methods and are outlined in the tables below.

For more information about the difference between management methods, please refer to the Investment Services Overview.

Separately Managed Account Program Fees

Account Value Monthly Annual
Based on individual account value.
First $250,000 0.17% 2.00%
Next $500,000 0.13% 1.50%
Next $250,000 0.08% 1.00%
Over $1,000,000 * *

* Note: All rate fee schedules for accounts with greater than $1 million are negotiable. In certain circumstances, fees may be reduced at AthenaInvest's discretion.

Sub-Advisor Program Fees

Program Value Monthly Annual
Based on total program value.
First $5,000,000 0.08% 1.00%
Next $10,000,000 0.06% 0.75%
Next $10,000,000 0.04% 0.50%
Over $25,000,000 0.02% 0.25%

Portfolio Facts

Investment Manager
C. Thomas Howard, PhD C. Thomas Howard, PhD
Portfolio Manager Since 2009
View Full Bio
Minimum Investment

$50,000

Portfolio Turnover

150% Annually

Trading Activity

Positions are continually monitored to ensure they meet SBI criteria. Most trading occurs at the beginning of the month, with asset class rebalancing occurring on a annual basis, if necessary.

View Important Portfolio Disclosures