Moderately Aggressive Portfolio - Morningstar Allocations

Asset Allocation

Position	Category/Sector	Target Weight
AVEM Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	4.50%
BNDX Vanguard Total International Bond ETF	Global Bonds	2.50%
FNDX Schwab Fundamental U.S. Large Company Index ETF	Large Cap Blend Equities	20%
IJH iShares Core S&P Mid-Cap ETF	Mid Cap Blend Equities	5%
PONAX PIMCO Income Fund Class A	Multisector Bonds	10%
PTIAX Performance Trust Strategic Bond Fund	Intermediate Core-Plus Bond	5.50%
SGOV iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	4.50%
SPMO Invesco S&P 500 Momentum ETF	S&P 500	25%
VB Vanguard Small-Cap ETF	Small Cap Growth Equities	5%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	18%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Moderately Aggressive 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 Moderately Aggressive Portfolio - Morningstar Allocations	-0.04%	-2.47%	0.99%	2.89%	19.77%	16.96%	10.11%	—
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%
SGOV iShares 0-3 Month Treasury Bond ETF	0.04%	0.32%	0.92%	1.92%	4.10%	4.81%	3.42%	—
SPMO Invesco S&P 500 Momentum ETF	0.21%	-3.49%	-3.57%	-4.50%	22.96%	28.37%	17.71%	17.43%
FNDX Schwab Fundamental U.S. Large Company Index ETF	0.25%	-2.12%	3.24%	6.77%	19.84%	17.05%	12.09%	13.38%
IJH iShares Core S&P Mid-Cap ETF	0.12%	-3.56%	3.54%	4.74%	15.97%	12.42%	6.78%	10.69%
VB Vanguard Small-Cap ETF	0.47%	-3.05%	2.99%	3.93%	18.72%	13.45%	5.57%	10.71%

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

Monthly Returns

Based on dividend-adjusted daily data since May 29, 2020, Moderately Aggressive Portfolio - Morningstar Allocations's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, your investment would double in approximately 5.2 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +9.8%, while the worst month was Sep 2022 at -7.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Moderately Aggressive Portfolio - Morningstar Allocations closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Apr 4, 2025 at -4.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.94%	2.46%	-5.17%	0.98%									0.99%
2025	3.50%	0.23%	-3.04%	0.45%	5.37%	4.32%	0.84%	2.55%	2.51%	1.01%	0.61%	0.64%	20.42%
2024	1.05%	4.85%	3.55%	-3.78%	4.28%	1.83%	1.92%	2.06%	1.58%	-1.61%	4.19%	-3.12%	17.63%
2023	4.66%	-3.20%	1.07%	1.49%	-3.01%	4.87%	2.66%	-1.24%	-2.63%	-2.51%	7.62%	5.54%	15.55%
2022	-3.58%	-1.67%	1.34%	-6.01%	1.26%	-7.30%	5.88%	-2.98%	-7.56%	7.74%	6.05%	-3.01%	-10.79%
2021	0.80%	1.57%	2.74%	3.36%	1.22%	1.73%	0.53%	2.13%	-3.06%	3.93%	-2.48%	3.24%	16.57%

Benchmark Metrics

Moderately Aggressive Portfolio - Morningstar Allocations has an annualized alpha of 3.20%, beta of 0.72, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since May 29, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.93%) than losses (73.26%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 3.20% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 3.20%

Beta: 0.72

R²: 0.91

Upside Capture: 77.93%

Downside Capture: 73.26%

Expense Ratio

Moderately Aggressive Portfolio - Morningstar Allocations has an expense ratio of 0.26%, which is considered low. 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

AVEM

Avantis Emerging Markets Equity ETF

FNDX

Schwab Fundamental U.S. Large Company Index ETF

SPMO

Invesco S&P 500 Momentum ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

BNDX

Vanguard Total International Bond ETF

IJH

iShares Core S&P Mid-Cap ETF

Vanguard Small-Cap ETF

VEA

Vanguard FTSE Developed Markets ETF

Return for Risk

Risk / Return Rank

Moderately Aggressive Portfolio - Morningstar Allocations ranks 68 for risk / return — better than 68% 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	1.41	0.88	+0.53
Sortino ratio Return per unit of downside risk	2.04	1.37	+0.67
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio Return relative to maximum drawdown	2.11	1.39	+0.72
Martin ratio Return relative to average drawdown	9.76	6.43	+3.33
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
SGOV iShares 0-3 Month Treasury Bond ETF	100	20.63	286.00	202.83	412.76	4,634.41
SPMO Invesco S&P 500 Momentum ETF	58	1.01	1.55	1.23	1.91	6.68
FNDX Schwab Fundamental U.S. Large Company Index ETF	65	1.23	1.79	1.28	1.68	7.99
IJH iShares Core S&P Mid-Cap ETF	40	0.76	1.21	1.17	1.26	5.39
VB Vanguard Small-Cap ETF	46	0.86	1.35	1.18	1.44	6.15

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.

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

1-Year: 1.41
5-Year: 0.80
All Time: 1.08

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 1.69, 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 Moderately Aggressive 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

Moderately Aggressive Portfolio - Morningstar Allocations provided a 2.37% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.37%	2.45%	2.52%	2.76%	2.43%	1.89%	2.02%	2.36%	2.36%	2.05%	2.45%	2.22%
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%
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%
SPMO Invesco S&P 500 Momentum ETF	0.88%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.61%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
IJH iShares Core S&P Mid-Cap ETF	1.30%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%
VB Vanguard Small-Cap ETF	1.32%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%

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 Moderately Aggressive 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 Moderately Aggressive Portfolio - Morningstar Allocations was 20.29%, occurring on Sep 30, 2022. Recovery took 303 trading sessions.

The current Moderately Aggressive Portfolio - Morningstar Allocations drawdown is 4.41%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-20.29%	Jan 5, 2022	187	Sep 30, 2022	303	Dec 14, 2023	490
-13.11%	Feb 19, 2025	35	Apr 8, 2025	24	May 13, 2025	59
-7.67%	Feb 26, 2026	23	Mar 30, 2026	—	—	—
-6.54%	Jul 17, 2024	14	Aug 5, 2024	12	Aug 21, 2024	26
-6.02%	Sep 3, 2020	14	Sep 23, 2020	13	Oct 12, 2020	27

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 10 assets, with an effective number of assets of 6.35, 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	PTIAX	BNDX	PONAX	AVEM	SPMO	FNDX	IJH	VEA	VB	Portfolio
Benchmark	1.00	-0.02	0.09	0.14	0.34	0.67	0.85	0.88	0.84	0.78	0.84	0.94
SGOV	-0.02	1.00	0.01	0.01	0.01	0.00	-0.01	-0.03	-0.03	-0.02	-0.03	-0.02
PTIAX	0.09	0.01	1.00	0.79	0.71	0.09	0.05	0.06	0.08	0.16	0.09	0.14
BNDX	0.14	0.01	0.79	1.00	0.58	0.11	0.10	0.08	0.11	0.17	0.12	0.17
PONAX	0.34	0.01	0.71	0.58	1.00	0.36	0.25	0.33	0.33	0.44	0.35	0.41
AVEM	0.67	0.00	0.09	0.11	0.36	1.00	0.59	0.61	0.62	0.81	0.64	0.76
SPMO	0.85	-0.01	0.05	0.10	0.25	0.59	1.00	0.69	0.68	0.66	0.69	0.87
FNDX	0.88	-0.03	0.06	0.08	0.33	0.61	0.69	1.00	0.91	0.78	0.90	0.91
IJH	0.84	-0.03	0.08	0.11	0.33	0.62	0.68	0.91	1.00	0.77	0.98	0.89
VEA	0.78	-0.02	0.16	0.17	0.44	0.81	0.66	0.78	0.77	1.00	0.77	0.89
VB	0.84	-0.03	0.09	0.12	0.35	0.64	0.69	0.90	0.98	0.77	1.00	0.90
Portfolio	0.94	-0.02	0.14	0.17	0.41	0.76	0.87	0.91	0.89	0.89	0.90	1.00

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

Moderately Aggressive 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