bd
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
CSWC Capital Southwest Corporation | Financial Services | 25% |
HTGC Hercules Capital, Inc. | Financial Services | 25% |
MAIN Main Street Capital Corporation | Financial Services | 25% |
TRIN Trinity Capital Inc. | Financial Services | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in bd, 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 Quarterly
The earliest data available for this chart is Jan 29, 2021, corresponding to the inception date of TRIN
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.95% | 4.39% | 18.07% | 37.09% | 14.48% | 11.71% |
| bd | 20.29% | 2.89% | 8.45% | 34.30% | N/A | N/A |
| Portfolio components: | ||||||
MAIN Main Street Capital Corporation | 29.73% | 5.21% | 13.27% | 46.28% | 12.82% | 14.08% |
HTGC Hercules Capital, Inc. | 29.01% | 3.06% | 12.61% | 41.56% | 21.01% | 14.19% |
TRIN Trinity Capital Inc. | 6.51% | 2.18% | 1.79% | 17.23% | N/A | N/A |
CSWC Capital Southwest Corporation | 16.65% | 1.10% | 6.06% | 33.06% | 13.95% | 14.88% |
Monthly Returns
The table below presents the monthly returns of bd, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.07% | 2.74% | 4.34% | 3.95% | 0.49% | 2.68% | 2.25% | -4.40% | 1.95% | 20.29% | |||
| 2023 | 13.38% | 3.07% | -6.26% | 0.90% | 4.09% | 6.04% | 8.76% | 0.81% | 1.81% | -4.68% | 6.02% | 5.83% | 45.68% |
| 2022 | 1.00% | 0.16% | 3.23% | -6.81% | -5.78% | -6.81% | 11.41% | -4.57% | -14.76% | 10.49% | -1.58% | -1.97% | -17.44% |
| 2021 | 11.31% | 3.83% | 6.48% | 1.49% | -2.49% | 1.81% | 4.82% | -0.40% | 6.45% | -1.22% | 1.84% | 38.63% |
Expense Ratio
bd has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of bd is 29, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 2.97 | 3.83 | 1.57 | 4.43 | 16.93 |
HTGC Hercules Capital, Inc. | 1.78 | 2.09 | 1.36 | 2.14 | 7.57 |
TRIN Trinity Capital Inc. | 1.01 | 1.50 | 1.19 | 1.35 | 4.71 |
CSWC Capital Southwest Corporation | 1.66 | 2.14 | 1.29 | 2.32 | 6.48 |
Dividends
Dividend yield
bd granted a 10.13% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| bd | 10.13% | 11.04% | 14.22% | 8.09% | 5.86% | 6.31% | 6.43% | 5.87% | 4.63% | 4.85% | 4.30% | 3.76% |
| Portfolio components: | ||||||||||||
MAIN Main Street Capital Corporation | 7.77% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.02% | 7.42% | 9.15% | 8.72% | 8.18% |
HTGC Hercules Capital, Inc. | 8.33% | 11.40% | 14.90% | 9.34% | 9.57% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% | 8.33% | 6.77% |
TRIN Trinity Capital Inc. | 14.60% | 14.00% | 21.28% | 7.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSWC Capital Southwest Corporation | 9.83% | 10.19% | 12.75% | 10.13% | 6.87% | 8.99% | 5.88% | 7.01% | 2.31% | 0.08% | 0.16% | 0.10% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the bd. 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 bd was 28.10%, occurring on Sep 29, 2022. Recovery took 195 trading sessions.
The current bd drawdown is 1.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.1% | Apr 21, 2022 | 112 | Sep 29, 2022 | 195 | Jul 12, 2023 | 307 |
| -10.77% | Jul 31, 2024 | 4 | Aug 5, 2024 | — | — | — |
| -7.55% | Sep 29, 2023 | 21 | Oct 27, 2023 | 16 | Nov 20, 2023 | 37 |
| -7.51% | Nov 17, 2021 | 23 | Dec 20, 2021 | 16 | Jan 12, 2022 | 39 |
| -6.88% | Apr 30, 2021 | 9 | May 12, 2021 | 11 | May 27, 2021 | 20 |
Volatility
Volatility Chart
The current bd volatility is 2.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| TRIN | CSWC | HTGC | MAIN | |
|---|---|---|---|---|
| TRIN | 1.00 | 0.37 | 0.40 | 0.38 |
| CSWC | 0.37 | 1.00 | 0.56 | 0.62 |
| HTGC | 0.40 | 0.56 | 1.00 | 0.69 |
| MAIN | 0.38 | 0.62 | 0.69 | 1.00 |