The State Street Tactical Allocation Model ETF Portfolios seek to provide investors with risk-based model portfolios. Each model portfolio invests primarily in index-based exchange traded funds (ETFs), the majority of which are owned and distributed by State Street and its affiliates.
All performance information is of the Portfolio Manager account, net of the current management fee.
Client account performance could differ. A client invested when a higher management fee applied experienced lower returns than displayed here.
This information was calculated up to May 26, 2022.
Performance, composition and volatility could vary significantly from that of the benchmark(s), which are provided for illustrative purposes only.
Performance
| Last 30 days | -0.4% |
| Last 90 days | -5.8% |
| Last 365 days | -5.8% |
| Since inception (annualized) | 7.1% |
| 2022 (YTD) | -10.5% |
| 2021 | 16.8% |
| 2020 | 12.8% |
| 2019 | 24.6% |
Risk metrics (last 365 days)
| Volatility | 15.2% |
| Sharpe ratio | -0.45 |
| Sortino ratio | -0.63 |
| Maximum drawdown | -15.3% |
| Value-at-risk (95%, 1 week) | -3.5% |
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Portfolio information
The model portfolio allocations are managed actively and rely on State Street Global Advisors’ tactical asset allocation decision-making process, which includes evaluation of global asset classes. The investment views underlying each portfolio are informed by State Street Global Advisors’ quantitative approach and refined by the fundamental views of their Investment Solutions Group (ISG), a 90+ member investment team.
The strategy seeks to provide long term capital appreciation and income consistent with asset class allocation ranges of approximately 35 to 70% to equities and real assets, and approximately 30 to 65% to fixed income and cash. The strategy utilizes an active asset allocation investment process that evaluates and potentially adjusts the model portfolio’s asset class and constituent fund positioning at least monthly with a focus on the near term investment horizon. The tactical asset allocation process utilizes quantitative and qualitative analyses to evaluate the expected risk environment and seeks to identify and capitalize on relative tradeoffs across global asset classes. Performance is calculated using then-applicable 0.30% management fee until May 1, 2019, and currently applicable 0.10% management fee as of May 1, 2019.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with US $2.72 trillion* under our care.
While State Street licenses model portfolio data enabling Interactive Advisors to build and periodically rebalance these portfolios, State Street does not have trading discretion, and it is not an adviser or fiduciary to Interactive Advisors clients investing in these portfolios.
*AUM reflects approximately $32.9 billion (as of June 30, 2018), with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
Disclosures
Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.
This portfolio was launched on Interactive Advisors on October 02, 2018 and was opened to client investments on October 02, 2018. Interactive Advisors constructs and manages this portfolio based on a model portfolio and data obtained pursuant to an agreement with SSGA Funds Management, Inc. (“SSGA”). All performance information on this page is actual performance of the Interactive Advisors proprietary account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ. SSGA actively manages the model strategy underlying this portfolio and does not seek to replicate the performance of an index.
This portfolio is not in any way recommended to Interactive Advisors clients by SSGA, the model portfolio strategy provider. SSGA does not provide any investment advice, account management service, or recommendation in relation to this portfolio or any account invested pursuant to it, and is not acting as an investment adviser or fiduciary to Interactive Advisors clients. SSGA does not have a contractual, fiduciary, investment advisory or other relationship with Interactive Advisors clients. SSGA has no responsibility for determining the suitability of this portfolio for Interactive Advisors clients and has built the model portfolios without regard to the individual financial circumstances and objectives of any investor or Interactive Advisors client.
This portfolio is made up of whole and/or fractional holdings of Exchange Traded Funds (ETFs). The portfolio itself is not an ETF or Mutual Fund. Clients choosing to invest in this portfolio directly own the ETF shares making up the portfolio. In addition to Interactive Advisors’ management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by the ETF issuers.
Additional information on the risks, conflicts of interest, applicable brokerage commissions, fractional shares, and limitations on investments and divestments associated with this portfolio can be found here and on the Forms and Agreements page.
- The actual performance of the manager account displayed on this page is based on the performance of an Interactive Advisors proprietary account invested using this strategy and is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions. The actual performance for this portfolio is presented “net of fees” and reflects the deduction of the Interactive Advisors advisory fee, Interactive Brokers LLC brokerage and other commissions (when commissions were charged) and expenses that a client has to pay if he invests in this portfolio after the launch date, but not any fees clients must separately pay the issuers of any ETFs.
- We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (e.g., Refinitiv Worldscope database) to provide these returns. Neither Interactive Advisors nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
- None of the performance information displayed on this page is based on the actual performance of any Interactive Advisors client account investing in this portfolio. The performance in an Interactive Advisors client account invested in this portfolio may differ (i.e., be lower or higher) from the performance of the account managing this portfolio and portrayed on this page based on a variety of factors, such as trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions (when commissions were charged), and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their Interactive Advisors account and reviewing their customized dashboard.
- Not all transactions underlying the performance information displayed on this page will appear in accounts due to Interactive Advisors’ trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
- Clients may restrict any of the securities traded in their account, but should note that any restrictions they place on their investments could affect the performance of their account leading it to perform differently, worse or better, than (a) the above-portrayed account managing the portfolio or (b) other client accounts invested in the same portfolio.
- All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Interactive Advisors, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
- Interactive Advisors’ management of this portfolio and some of the information on this page relies on data from third-party sources, including third parties providing the model portfolio strategy or ESG score information, as applicable. While Interactive Advisors believes that the data it uses in its investment management processes is obtained from reliable sources, it did not audit or validate this data, which may contain errors.
- Benchmark returns displayed in the performance graph upon selection are provided for illustrative purposes only and have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. Benchmarks available for display are selected based on overall strategy, trade history and other criteria. If you choose to display benchmark returns in the performance graph, be mindful of the fact that the performance, composition and volatility of the portfolio could vary significantly from that of the benchmark(s) available for display. There can be no assurance that a benchmark will remain appropriate over time and Interactive Advisors will periodically review the benchmark’s appropriateness and decide to use other benchmarks if appropriate. More information here. Interactive Advisors uses only investable ETFs as benchmarks. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
- Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
- In addition to Interactive Advisors' management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by ETF issuers if the portfolio contains ETFs.
- Quarterly, monthly or more frequent rebalances in this portfolio (as applicable) will result in numerous transactions in many or all the stocks or ETFs in the portfolio and the client accounts invested in this portfolio. Clients could be required to report some or all of these periodic rebalance trades on their tax forms. Clients should consult an accountant or tax attorney on tax matters as Interactive Advisors does not provide tax advice or prepare tax documents for its clients. Interactive Brokers LLC provides certain tools to assist you with your tax filings, but these tools may only be able to support a limited number of trades.
SSGA may alter, amend, terminate or change the model portfolio or its composition, suspend or interrupt providing data to Interactive Advisors and has no obligation to take into account the needs of Interactive Advisors or its clients when determining, modifying or terminating any of the model portfolios. Interactive Advisors will notify all affected clients in the event that SSGA stops providing model portfolios to Interactive Advisors to allow them to identify suitable alternative investments on the Interactive Advisors platform or elsewhere. Those considering investing in this portfolio should bear this limitation in mind when deciding whether to invest in this portfolio, which may become unavailable in the future.
This portfolio invests primarily in ETFs that make payments to SSGA for advisory or other services (SSGA ETFs). There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because various SSGA affiliates earn fees from the SSGA ETFs selected for its model portfolio strategies, SSGA has an incentive to include SSGA ETFs in its model portfolios. Additional information on the ETFs included in this portfolio, their expense ratio and associated risks, can be found here in the prospectus for each ETF.
This portfolio includes ETFs that offer exposure to equities (e.g., domestic and international equities, and REITs), commodities, domestic and international bonds (e.g., investment grade bonds, high yield bonds, convertible bonds, emerging market debt, inflation-protected bonds), and cash or short-term investment vehicles and are subject to the risks associated with such investments. For additional detail on the risks associated with investing in this portfolio, please review the risk disclosure prepared by Interactive Advisors.
There is no guarantee or assurance that the methodology used to create the model underlying this portfolio will result in this portfolio or client investments in this portfolio achieving positive returns. Also, while Interactive Advisors aims to track the model portfolios as closely as possible, it makes no guarantee that it will succeed in doing so, or that it will achieve the same performance for clients as the account managing each portfolio has achieved. Those considering investments in this portfolio should note that there may be similar offerings in the marketplace (i.e., portfolios or investments seeking to track the same model portfolio), which may charge lower management fees.
SSGA has not provided and is not responsible for any performance reporting provided on this page.
- Interactive Advisors initially funds and trades a fixed amount of its own funds in a separate brokerage account associated with this portfolio based on data received from SSGA;
- Interactive Advisors replicates the trading in this brokerage account in the accounts of clients investing in this portfolio in order to implement its replication-based investment process; and
- Based on data received from SSGA, Interactive Advisors periodically rebalances this portfolio to maintain target allocations, resulting in rebalancing transactions in investing clients’ accounts.
- Sign an Investment Management Agreement with and become clients of Interactive Advisors;
- Consent to trading with another Interactive Brokers LLC client who is a liquidity provider in order to be able to buy and sell fractions of ETF shares and stocks, which do not trade on the open market. Interactive Advisors clients may revoke this consent at any time but, if they do, they will no longer be able to invest in this portfolio. (Clients can see these fractional trades with the liquidity provider listed and identified on the periodic activity statements they receive from Interactive Brokers LLC); and
- Obtain the minimum risk score required for each portfolio and acknowledge certain risk disclosures.