SSGA Growth Investment Portfolio - Interactive Advisors

SSGA Growth

Managed by State Street Global Advisors

2.9% Last 30 days 1.9% Last 90 days - Last 365 days - Sharpe Ratio - Max Drawdown

SSGA Growth

Managed by State Street Global Advisors

2.9% Last 30 days 1.9% Last 90 days - Last 365 days - Sharpe Ratio - Max Drawdown

Risk score

Strategy ETFs / Funds

AUM fee 0.10%

Requirements

• Investment minimum: $5,000

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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.

Research

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.

Approach

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.

Estimate your costs

Investment

Initial costs

Annual costs

Notes on costs

All costs shown are estimated.

Estimates given are based on an estimated turnover and average share price. Actual turnover and share prices might vary leading to higher or lower initial and annual costs.

Annual costs are the costs to manage the investment plus the estimated trading commission to re-balance the portfolio, estimated on an annual basis.

Initial costs are the estimated trading commissions incurred in establishing the portfolio.

Performance
Holdings & transactions
Commentary

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on July 16, 2019.

Daily returns

Performance

iShares Core Aggressive Allocation ETF
S&P 500 ETF
Manager (net of fees)
Last 30 days	2.9%	4.1%	3.1%
Last 90 days	1.9%	4.1%	2.0%
Last 365 Days		9.4%	4.9%
Since inception	1.7%	4.4%	3.3%
2019 (YTD)	16.3%	21.0%	15.0%

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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.

Important Information

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.
Interactive Brokers Asset Management’s State Street Global Advisors (“SSGA”) Tactical Allocation Model Exchange Traded Fund Portfolios (“Interactive AdvisorsAM SSGA ETF Model Portfolios”) are made up of whole and/or fractional holdings of ETFs and money market instruments or funds. The portfolios themselves are not ETFs or Mutual Funds. Clients choosing to invest in these portfolios directly own the ETF shares making up the portfolios.
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”). SSGA actively manages the model strategy underlying this portfolio and does not seek to replicate the performance of an index.
To invest in one of the Asset Allocation portfolios, Interactive Advisors clients must:
- 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. Clients may revoke this consent at any time but, if they do, they will no longer be able to invest in any of these portfolios. (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.
Interactive Advisors manages this portfolio by trading its own funds in a separate firm-owned brokerage account and replicating this trading in the accounts of investing clients as follows:
- Interactive Advisors funds and trades its own funds in a separate brokerage account associated with each portfolio;

Interactive Advisors replicates the trading in these brokerage accounts in the accounts of clients investing in each specific portfolio in order to implement its replication-based investment process; and

Based on data received from SSGA, Interactive Advisors periodically rebalances these portfolios.

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 portfolio without regard to the individual financial circumstances and objectives of any investor or Interactive Advisors client.
SSGA may alter, amend, terminate or change the model portfolios or their 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
The Interactive AdvisorsAM SSGA ETF Model Portfolios include 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 the Interactive Advisors SSGA ETF Model Portfolios, please review the risk disclosure prepared by IBRKAM.
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) Interactive Advisors' account managing the portfolio or (b) other client accounts invested in the same portfolio.
Periodic (monthly or more frequent, 12 to 18 times a year) rebalances in this portfolio will result in numerous transactions in many or all the ETFs in the portfolio and client accounts invested in this portfolio. Clients will incur transaction costs for any trading in their account (including periodic rebalance trades) such as commissions payable to Interactive Brokers LLC, Interactive Advisors' affiliated broker-dealer, which is a conflict of interest. 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.
In addition to Interactive Advisors' management fees and Interactive Brokers LLC commissions, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by the ETF issuers.
There is no guarantee or assurance that the methodology used to create the models underlying the Interactive AdvisorsAM SSGA ETF Model Portfolios will result in these portfolios or client investments in these portfolios 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.
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 Interactive Advisors 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, 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.
This portfolio was launched on Interactive Advisors on October 02, 2018. On that date, Interactive Advisors started trading its own funds in a brokerage account trading this strategy. This portfolio was opened to client investments on October 23, 2018.
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 invest in 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.
The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (Thomson Reuters 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.
Benchmark returns displayed have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. 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.
Not all transactions listed on this page or underlying the performance information displayed on this page will appear in accounts due to Interactive Advisors's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
Interactive Advisors' management of this portfolio and some of the information on this page relies on data from third-party sources, including the third-party providing the model portfolio strategy. 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.
SSGA has not provided and is not responsible for any performance reporting provided on this page.