Performance results and comparisons are made on a total-return basis, which includes all income from dividends and interest, and realized and unrealized gains or losses. SWS Growth Equity’s stated benchmark is the Russell 1000 Growth Index, with S&P 500 Index and Russell 100 Value Index results provided as a reference. SWS Growth Equity returns are shown net of the firm’s maximum advisory fees and are calculated by geometrically linking month-end market values of the strategy’s inception cohort. Net returns include the time-weighted deduction of the firm’s maximum wrap fee (which includes both SWS’s management fee and trading costs) and assume all cash flows occur at month-end.
“Alpha” is calculated by showing a hypothetical $1 million portfolio invested in the Russell 1000 Growth Index, the S&P 500 Index, and the Russell 1000 Value Index for the period 5/1/2018-6/30/2021. Each is then netted from a hypothetical $1 million portfolio of SWS Growth Equity over the same time period, assuming total return net of the firm’s maximum advisory fee and net of trading costs. It is not possible for investors to invest directly in an index.
This material is not intended as and should not be used to provide investment advice and is not an offer to sell a security or a recommendation to buy a security. This investment strategy is subject to management risk such that no assurance may be given that the portfolio’s value will be more than the original investment. The investment return and principal value of SWS Partners, LLC portfolios will fluctuate as the stock and bond markets fluctuate such that an investor’s shares and/or portfolio value, when redeemed, may be worth more or less than their original cost.
This portfolio of individual equity and pass-through securities is subject to risks including but not limited to portfolio concentration risk, company-specific risk, regulatory risk, financial market risk, global economic risk, credit risk, interest rate risk, foreign market risk that may involve currency, political, and social risk. Diversified portfolio strategies do not assure or guarantee better performance and do not eliminate the risk of investment losses.
The portfolio’s holdings and allocation are subject to change based on the discretion of SWS Partners, LLC. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be suitable for a client’s portfolio. Investors should consider the risks, charges, and expenses carefully before investing in this or any other strategy. Investors should ensure the strategy presented fits within their investment objectives.
The S&P 500 Index, the Russell 1000 Growth Index, and the Russell 1000 Value Index are market cap-weighted indexes of common stocks incorporated within the US and its territories and may not necessarily be substantially similar to your portfolio.
All opinions and views mentioned in this report constitute our judgments as of the date of writing and are subject to change at any time. We will not advise you as to any change in figures or views found in this report. Our judgment or recommendations may differ materially from what may be presented in a long-term investment plan. Investors should consult with an investment advisor to determine the appropriate investment strategy and investment vehicle. Investment decisions should be made based on the investor’s specific financial needs and objectives, goals, time horizon and risk tolerance. Security information, portfolio management strategies and tactical decision processes are opinions of SWS Partners, LLC and the performance results of such recommendations are subject to risks and uncertainties.
This commentary has been prepared by SWS Partners, LLC (“SWS”), a registered investment adviser in the state of Ohio. Registration does not constitute an endorsement of the firm by the SEC nor does it indicate a particular level of skill or training. If you would like a copy of SWS’s disclosure brochure, please visit www.adviserinfo.sec.gov. Investment advisory services offered through SWS Partners, LLC.