Guru Value
Managed by Veda Financial
Value and Growth are joined at the hip – Warren Buffett. The goal of the Guru Value Growth strategy is to achieve consistent returns, exceeding market performance in up markets and limiting losses in down markets. The strategy is to select stocks that have strong fundamentals with durable competitive advantages, and enter into positions when the markets provide an opportunity to acquire at favorable prices. Additionally, the equity should have strong growth prospects and outlook for increasing shareholder value at the current time or in the near term. The overall philosophy is to buy stocks and hold them over a period of time allowing the stocks to reflect their true value potential.
Research
The investment methodology is based upon a bottom up rigorous fundamental analysis plus a top down understanding of the macro factors and market dynamics. While we pick companies for investment based upon strong fundamentals, the timing of the investment (or more importantly the exit) can depend upon the overall dynamics of the sector. For example, if we identify a solid company whose profits are strongly connected to a particular commodity which currently has weak demand or excess supply, we will wait to see strength or upwards pricing pressure before investing.
Approach
(1) Further select stocks based upon value and growth using a 31-point checklist derived from 129 parameters
(2) Narrow down to stocks that are trading for favorable prices compared to valuation, using fundamental analysis
(3) Pick names that have immediate catalysts for growth and price appreciation
(4) Purchase stock when pricing is favorable
Allocation discipline
The portfolio will generally consist of 10-20 long equity positions in stocks that have strong prospects for growth, bought at a good value.
Sell discipline
Our investment philosophy is geared towards the long term. However, we have a strict sell discipline that includes the following - sell stock when a better opportunity comes along, sell stock if a predetermined loss level is hit and finally, even when fundamentals appear perfect, it is possible for stocks to languish for an extended period of time for reasons that are not obvious. We recognize that it is never possible to know everything about a particular company and it might be necessary to sell a position to protect the investment and deploy the capital in a better opportunity.
Exceptions
Changes are made to the portfolio as needed with the absolute goal of capital protection and enhancement.
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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 August 06, 2020.
Daily returns
Performance
Manager (net of fees) S&P 500 ETF Last 30 days 6.5% 9.0% Last 90 days 18.1% 14.8% Last 365 Days 24.2% 18.4% Since inception (Annualized) 10.5% 13.5% 2020 (YTD) 6.5% 4.9% 2019 38.4% 31.2% 2018 -9.4% -4.6% 2017 17.2% 21.7% 2016 11.0% 12.0% Risk metrics (last 365 days)
Manager (net of fees) S&P 500 ETF Volatility 31.9% 32.5% Sharpe Ratio 0.76 0.56 Sortino Ratio 0.80 0.61 Maximum Drawdown -32.6% -33.7% Value-at-risk (95%, 1 week) -7.4% -7.5% Additional metrics (last 365 days)
vs. S&P 500 ETF Information Ratio 0.70 Alpha 5.8% Beta 0.95 R-Squared 0.90 -
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Portfolio updates
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About Veda Financial
Veda Financial is a Registered Investment Advisory firm that manages money for individuals, corporations, institutions, trusts and foundations.
Toni DasGupta is the principal portfolio manager with more than 15 years of investment experience. She has a PhD in Physics and an MBA from UCLA, and holds 3 patents in oil and gas technology.
The Guru Value Growth portfolio is optimized for strong and consistent returns in all market conditions.
- 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.
- All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-Interactive Advisors performance information may include performance of non-Interactive Advisors client accounts. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors advisory fees are simulated and applied retroactively to present the portfolio return "net-of-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 Portfolio Manager’s account performance based on any 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.
- 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.
- The performance charts are 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 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. For certain portfolios Interactive Advisors uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
- All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Interactive Advisors has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
- These securities are currently held in the Portfolio Manager's brokerage account. Positions in the "Portfolio Holdings" table currently pass Interactive Advisors' trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment holdings may vary.
- Not all transactions listed 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.
- Real time transaction history for this portfolio is not available. Instead, the portfolio's positions are replicated daily. If you have any questions, please contact Client Services.
- Simulated performance of multi-manager portfolios is calculated as a weighted average daily performance of the underlying portfolios. It reflects the allocations through time of portfolios included in the multi-manager portfolio. The simulation does not include trading costs for changes to allocations, for example when the multi-manager portfolio is rebalanced. This means performance will be overstated, though not materially, relative to what a client might achieve. Fees are subtracted from the performance on a monthly basis to present the net return.
- This portfolio was launched on Interactive Advisors on August 31, 2015.
- 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 (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.
- This portfolio was launched on Interactive Advisors on August 31, 2015. Returns information prior to the launch date consists of hypothetical back-tested data not based on actual trading of real client funds. These hypothetical results reflect the deduction of (i.e., are net of) Interactive Advisors' advisory fee, Interactive Brokers LLC brokerage or other commissions and other expenses that a client will have to pay if he invests in this portfolio after August 31, 2015. Hypothetical back-tested results are not an indicator of the future returns a client will realize by investing in this portfolio and no Interactive Advisors client actually attained these hypothetical results. For a more detailed discussion of an explanation of the hypothetical nature of this return information and a discussion of the calculation methodology used, review these disclosures.
- 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 and expenses that a client has to pay if he invests in this portfolio after the launch date.
- Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
- The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
- The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.