Saratoga Conservative Balanced Allocation Portfolio (LUNAX)

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The chart shows the growth of an initial investment of $10,000 in Saratoga Conservative Balanced Allocation Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Saratoga Conservative Balanced Allocation Portfolio (LUNAX) has returned -3.56% so far this year and 7.88% over the past 12 months.

Based on dividend-adjusted daily data since Jan 11, 2018, LUNAX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +5.6%, while the worst month was Mar 2020 at -6.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, LUNAX closed higher 49% of trading days. The best single day was Mar 25, 2020 with a return of +4.8%, while the worst single day was Mar 16, 2020 at -5.4%.

Saratoga Conservative Balanced Allocation Portfolio has an annualized alpha of 0.44%, beta of 0.40, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 12, 2018.

• This fund participated in 49.90% of S&P 500 Index downside but only 39.77% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.40 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

LUNAX has a high expense ratio of 0.99%, indicating above-average management fees.

LUNAX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Saratoga Conservative Balanced Allocation Portfolio (LUNAX) and compare them to a chosen benchmark (S&P 500 Index).

Saratoga Conservative Balanced Allocation Portfolio provided a 9.71% dividend yield over the last twelve months, with an annual payout of $1.05 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Saratoga Conservative Balanced Allocation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Saratoga Conservative Balanced Allocation Portfolio. 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 Saratoga Conservative Balanced Allocation Portfolio was 18.47%, occurring on Mar 24, 2020. Recovery took 108 trading sessions.

The current Saratoga Conservative Balanced Allocation Portfolio drawdown is 5.41%.

The chart below shows the rolling one-month volatility.