Bethe Portfolio Review: 24 January 2023

Dome of Blue Mosque.

Bethe is the portfolio scheduled for review this morning.  Bethe is one of the Growth-Income portfolios of which there are two.  The other portfolio is the Bohr.  As readers will see in a moment, the current quiver is populated with Closed-End-Funds and there are few equity holdings other than ESGV.

Bethe Investment Quiver

Ten percent of the Bethe is invested in Growth securities.  As currently structured, the portfolio is heavily weighted toward income.  The yield is a little over 8.0% at this time.  While ESGV, VEA, VWO, and VNQ are designed to produce growth, growth can also come from the Closed-End-Funds.

Bethe Performance Data

Over the past 13 months the Bethe is far outpacing all the listed benchmarks.  The standard for this portfolio is AOA, but I do pay attention to the S&P 500 (SPY) as it is such a popular benchmark.

Bethe Risk Ratios

Based on key risk ratios such as the Sortino, Jensen, and Information Ratio, the Bethe is performing quite well.  Note that the Information data matches the high (0.48) reached last September.  The Information Ratio measure how well the portfolio is performing compared to the AOA benchmark.  Anything above zero is a victory.  The positive slope (0.16) is another positive sign.

Later this week I’ll check in on a few Sector BPI portfolios as well as the Copernicus.  Remember that the Copernicus is an equities only portfolio and one recommended for the young investor who is in the savings mode of life.

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