Conservative Portfolio - Morningstar Allocations

Asset Allocation

Position	Category/Sector	Target Weight
AVEM Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	1%
BNDX Vanguard Total International Bond ETF	Global Bonds	11.50%
PFIIX PIMCO Low Duration Income Fund	Short-Term Bond	8.50%
PONAX PIMCO Income Fund Class A	Multisector Bonds	25%
PTIAX Performance Trust Strategic Bond Fund	Intermediate Core-Plus Bond	25%
SGOV iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	7.50%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	5%
VOO Vanguard S&P 500 ETF	S&P 500	16.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Conservative Portfolio - Morningstar Allocations, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is May 28, 2020, corresponding to the inception date of SGOV

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Conservative Portfolio - Morningstar Allocations	-0.04%	-1.74%	-0.50%	1.11%	8.45%	8.42%	4.25%	—
Portfolio components:
VEA Vanguard FTSE Developed Markets ETF	-0.77%	-2.79%	3.65%	8.84%	30.37%	16.09%	8.76%	9.49%
AVEM Avantis Emerging Markets Equity ETF	-0.75%	-2.89%	4.81%	7.99%	36.50%	18.50%	7.00%	—
BNDX Vanguard Total International Bond ETF	-0.10%	-1.55%	-0.08%	0.10%	2.63%	3.79%	0.18%	1.74%
PONAX PIMCO Income Fund Class A	0.19%	-1.73%	-0.87%	1.27%	6.17%	6.99%	3.08%	4.31%
PTIAX Performance Trust Strategic Bond Fund	0.05%	-1.51%	0.08%	0.71%	4.27%	4.96%	1.17%	2.98%
PFIIX PIMCO Low Duration Income Fund	0.24%	-1.32%	-0.48%	1.51%	5.93%	7.41%	3.94%	5.11%
SGOV iShares 0-3 Month Treasury Bond ETF	0.04%	0.32%	0.92%	1.92%	4.10%	4.81%	3.42%	—
VOO Vanguard S&P 500 ETF	0.11%	-3.33%	-3.55%	-1.41%	17.60%	18.47%	11.96%	14.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 29, 2020, Conservative Portfolio - Morningstar Allocations's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Sep 2022 at -4.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Conservative Portfolio - Morningstar Allocations closed higher 57% of trading days. The best single day was Nov 10, 2022 with a return of +2.3%, while the worst single day was Jun 13, 2022 at -1.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.96%	1.32%	-2.99%	0.27%									-0.50%
2025	1.24%	1.15%	-1.04%	0.34%	1.29%	2.22%	0.37%	1.38%	1.50%	1.25%	0.50%	0.18%	10.84%
2024	0.47%	0.72%	1.61%	-1.97%	2.03%	1.11%	1.76%	1.27%	1.39%	-1.46%	2.04%	-1.33%	7.78%
2023	3.68%	-1.70%	1.70%	0.83%	-0.39%	1.77%	1.19%	-0.64%	-2.10%	-1.27%	4.69%	3.40%	11.45%
2022	-1.98%	-1.77%	-0.71%	-3.74%	0.16%	-3.61%	3.50%	-2.26%	-4.78%	1.50%	3.77%	-1.49%	-11.21%
2021	-0.02%	0.01%	0.76%	1.63%	0.60%	0.72%	0.89%	0.54%	-1.29%	1.10%	-0.29%	1.09%	5.86%

Benchmark Metrics

Conservative Portfolio - Morningstar Allocations has an annualized alpha of 1.92%, beta of 0.25, and R² of 0.70 versus S&P 500 Index. Calculated based on daily prices since May 29, 2020.

This portfolio participated in 41.89% of S&P 500 Index downside but only 33.67% of its upside — more exposed to losses than it benefited from rallies.
Beta of 0.25 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.92%

Beta: 0.25

R²: 0.70

Upside Capture: 33.67%

Downside Capture: 41.89%

Expense Ratio

Conservative Portfolio - Morningstar Allocations has an expense ratio of 0.51%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

PONAX

PIMCO Income Fund Class A

PTIAX

Performance Trust Strategic Bond Fund

PFIIX

PIMCO Low Duration Income Fund

AVEM

Avantis Emerging Markets Equity ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

BNDX

Vanguard Total International Bond ETF

VEA

Vanguard FTSE Developed Markets ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

Risk / Return Rank

Conservative Portfolio - Morningstar Allocations ranks 73 for risk / return — better than 73% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.69	0.88	+0.81
Sortino ratio Return per unit of downside risk	2.37	1.37	+1.00
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.07	1.39	+0.69
Martin ratio Return relative to average drawdown	8.46	6.43	+2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VEA Vanguard FTSE Developed Markets ETF	83	1.73	2.36	1.35	2.64	10.14
AVEM Avantis Emerging Markets Equity ETF	84	1.83	2.42	1.36	2.80	10.66
BNDX Vanguard Total International Bond ETF	34	0.82	1.15	1.15	0.89	3.55
PONAX PIMCO Income Fund Class A	67	1.45	2.07	1.27	1.84	7.13
PTIAX Performance Trust Strategic Bond Fund	35	0.93	1.34	1.16	1.49	4.26
PFIIX PIMCO Low Duration Income Fund	94	2.10	3.22	1.48	3.10	11.89
SGOV iShares 0-3 Month Treasury Bond ETF	100	20.63	286.00	202.83	412.76	4,634.41
VOO Vanguard S&P 500 ETF	54	0.98	1.49	1.23	1.53	7.13

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Conservative Portfolio - Morningstar Allocations Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.69
5-Year: 0.81
All Time: 1.10

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.00 to 1.70, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Conservative Portfolio - Morningstar Allocations compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Conservative Portfolio - Morningstar Allocations provided a 4.07% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.07%	4.22%	4.35%	4.20%	3.34%	2.74%	2.88%	3.64%	3.56%	3.57%	3.68%	4.22%
Portfolio components:
VEA Vanguard FTSE Developed Markets ETF	2.90%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
AVEM Avantis Emerging Markets Equity ETF	2.41%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
BNDX Vanguard Total International Bond ETF	4.47%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
PONAX PIMCO Income Fund Class A	5.17%	5.61%	5.86%	5.86%	4.66%	3.62%	4.48%	5.42%	5.24%	4.97%	5.13%	7.45%
PTIAX Performance Trust Strategic Bond Fund	4.69%	4.68%	4.44%	4.03%	3.96%	3.01%	3.86%	4.11%	4.47%	5.51%	5.49%	4.87%
PFIIX PIMCO Low Duration Income Fund	5.04%	5.49%	5.94%	4.97%	5.35%	3.06%	3.44%	4.74%	3.22%	3.13%	3.75%	5.36%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Conservative Portfolio - Morningstar Allocations. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Conservative Portfolio - Morningstar Allocations was 15.02%, occurring on Oct 14, 2022. Recovery took 344 trading sessions.

The current Conservative Portfolio - Morningstar Allocations drawdown is 2.75%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-15.02%	Nov 10, 2021	235	Oct 14, 2022	344	Feb 29, 2024	579
-4.24%	Mar 3, 2025	27	Apr 8, 2025	26	May 15, 2025	53
-4.11%	Mar 2, 2026	20	Mar 27, 2026	—	—	—
-2.62%	Dec 9, 2024	23	Jan 13, 2025	17	Feb 6, 2025	40
-2.33%	Apr 1, 2024	15	Apr 19, 2024	18	May 15, 2024	33

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 8 assets, with an effective number of assets of 5.53, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	SGOV	BNDX	PTIAX	AVEM	PFIIX	VOO	PONAX	VEA	Portfolio
Benchmark	1.00	-0.02	0.14	0.09	0.67	0.41	1.00	0.34	0.78	0.82
SGOV	-0.02	1.00	0.01	0.01	0.00	0.01	-0.02	0.01	-0.02	0.00
BNDX	0.14	0.01	1.00	0.79	0.11	0.42	0.14	0.58	0.17	0.51
PTIAX	0.09	0.01	0.79	1.00	0.09	0.52	0.09	0.71	0.16	0.54
AVEM	0.67	0.00	0.11	0.09	1.00	0.39	0.67	0.36	0.81	0.66
PFIIX	0.41	0.01	0.42	0.52	0.39	1.00	0.41	0.86	0.46	0.70
VOO	1.00	-0.02	0.14	0.09	0.67	0.41	1.00	0.34	0.78	0.82
PONAX	0.34	0.01	0.58	0.71	0.36	0.86	0.34	1.00	0.44	0.74
VEA	0.78	-0.02	0.17	0.16	0.81	0.46	0.78	0.44	1.00	0.79
Portfolio	0.82	0.00	0.51	0.54	0.66	0.70	0.82	0.74	0.79	1.00

The correlation results are calculated based on daily price changes starting from May 29, 2020

Conservative Portfolio - Morningstar Allocations

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table