SBI AlphaIQ 20 US 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 US equity markets in the pursuit of longer-term returns.
Investment Strategy
The Portfolio is invested in 20 US 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 US Stock = $9,630 |
 Index = $8,522 |
One, Three, Five and Ten Year Annualized Returns
| SBI AlphaIQ 20 US Stock |
Index |
Annual Returns |
Portfolio Statistics |
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Portfolio Returns |
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NOTES: * The index for the SBI AlphaIQ 20 US Stock Portfolio is comprised of 100% S&P 500 Index.2000 ** Return is Jul - Dec and is not annualized. | Based on pre-inception data prior to Apr 24, 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.
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
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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