Bond Allocation Program - Variable Annuity Bond Fund Allocation Strategy September 2017 Performance Wallco Bond Allocation Program - Variable Annuity (BAP-VA) is designed to identify opportunities within the U.S. High Yield and Multi-Sector bond sub-accounts within the tax-deferred, no-load, no-surrender penalty, Jefferson National Monument Advisor Variable Annuity. Each bond sub-account within the targeted group are ranked according to historical performance to determine market bond leaders. Those leaders with the highest price momentum will selected and then re-ranked on a daily basis. Up to 100% of the bond sub-accounts may be moved into defensive cash or equivalent positions during market downturns.
POSSIBLE INVESTMENT CATEGORIES
BAP-VA - CURRENT
RANGE OF EXPOSURE
Advisory services offered through W. Wall and Company Inc, a Registered Investment Advisor.
501 College Street Ste B Asheville, NC 28801 (828) 651-9617 toll-free (888) 253-9141 Email:
[email protected] Website: www.wallco.com
Data as of 10/10/17
FACT SHEETS
BAP Variable Annuity (Model) Sep 30, 2017 Hypothetical Backtested Performance 1/1/07–9/30/17
1 Month
YTD
3 Months
1 Year
3 Yrs. Cml.
3 Yrs. Ann.
5 Yrs. Cml.
5 Yrs. Ann.
Incept. Incept. Cml. Ann.
BAP Variable Annuity (Model)
0.80%
3.67%
1.12%
4.70%
3.90%
1.28%
15.32%
2.89%
136.44%
8.34%
Barclay US Aggregate (Target)
-0.48%
3.14%
0.85%
0.07%
8.40%
2.72%
10.80%
2.07%
58.08%
4.35%
Trailing Non-Standardized Returns
Calendar Year Performance
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
BAP Variable Annuity (Model)
-4.47%
67.57%
10.51%
1.04%
11.53%
9.60%
1.25%
-4.55%
5.14%
3.67%
Barclay US Aggregate (Target)
5.24%
5.93%
6.58%
7.94%
4.23%
-2.02%
5.95%
0.57%
2.66%
3.14%
Risk vs. Return
1 Year
3 Years
5 Years
Since 1/1/07
Standard Deviation
2.52%
3.14%
3.32%
8.05%
Benchmark StDev
3.16%
2.86%
2.85%
3.23%
Sharpe Ratio
1.57
0.30
0.81
0.95
Alpha (%)
4.22
0.75
2.35
6.56
Beta
0.38
0.08
0.17
0.30
R2
0.22
0.01
0.02
0.01
-0.90%
-6.02%
-6.45%
-8.58%
Max.Drawdown
Best & Worst Case Analysis Model Best Period Cumulative Return
Target Best Period Cumulative Return
3 Months
1 Year
3 Years
3/1/09–5/31/09
12/1/08–11/30/09
12/1/08–11/30/11
30.18%
69.43%
96.23%
3 Months
1 Year
3 Years
11/1/08–1/31/09
11/1/08–10/31/09
11/1/08–10/31/11
6.16%
13.79%
29.19%
Model Worst Period Cumulative Return
Target Worst Period Cumulative Return
3 Months
1 Year
3 Years
7/1/11–9/30/11
11/1/07–10/31/08
12/1/13–11/30/16
-6.08%
-7.67%
0.74%
3 Months
1 Year
3 Years
9/1/16–11/30/16
9/1/12–8/31/13
1/1/13–12/31/15
-3.17%
-2.46%
4.41%
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Bond Allocation Program - Variable Annuity Blended Fund Allocation Strategy
IMPORTANT DISCLOSURE INFORMATION
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable, or equal to either the BAP-VA performance results reflected or any corresponding historical index. The Barclay U.S. Aggregate Bond Index (“AGG”) is a market capitalization weighted index of investment grade fixed rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. This index is often used as a proxy for the general bond market. The historical performance results of this index does not reflect the deduction of transaction, custody or management fees, the incurrence of which would have the effect of decreasing their historical performance results. The indicie is provided exclusively for comparison purposes only, so as to provide general comparative information to assist a client or prospective client in determining whether the performance of a WCI portfolio meets, or continues to meet, his or her investment objectives. The indicie is not directly tradable investments. It should not be assumed that WCI account holdings will correspond directly to any such comparative indices. Please note that the BAP-VA performance results do reflect deductions for the maximum WCI management fee, and related custody and trade costs. The BAP-VA results do not reflect the impact of taxes. WCI’s investment programs generally involve above-average turnover, which could negatively impact upon any net after-tax gain experienced by an individual client in a taxable account. For reasons including variances in portfolio account holdings, variances in the investment management fee incurred, market fluctuation, the date on which a client engaged WCI’s investment management services, and any account contributions or withdrawals, the performance of a specific WCI client’s account may have varied substantially from the indicated composite model portfolio performance results. In addition, the underlying individual mutual funds that has comprised, and will continue to comprise, the model programs are subject to change at the discretion of WCI. Historical information pertaining to the underlying mutual funds and changes thereto is available from WCI upon request. All results illustrated prior to 02/28/15 reflect hypothetical, back-tested “net after fee” results that were achieved by means of the retroactive application of the model core strategy, and, as such, the corresponding hypothetical results have inherent limitations, including: (1) the model results do not reflect the results of actual trading using participant assets, but were achieved by means of the retroactive application of each of the above referenced models, certain aspects of which may have been designed with the benefit of hindsight; (2) back tested performance may not reflect the impact that any material market or economic factors might have had on the adviser’s use of the model if the model had been used during the period to actually mange participant assets; and, (3) for various reasons (including the reasons indicated above), participants may have experienced investment results during the corresponding time periods that were materially different from those portrayed in each model. Hypothetical illustrations do not illustrate the impact of potential mutual fund short term redemption fees. Mutual funds used in the hypothetical back-test may differ from what mutual funds will actually be used in this program. In the event that there has been a change in a client’s investment objectives or financial situation, clients are encouraged to advise their financial advisor immediately. Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy (including the investments purchased and/or investment strategies devised or undertaken by WCI) will be either suitable or profitable for a client’s or prospective client’s portfolio. Accordingly, no client or prospective client should assume that the above model portfolios (or any component thereof) serve as the receipt of, or a substitute for, personalized advice from their investment professional. All performance results have been compiled solely by WCI utilizing the performance results reported by each respective mutual fund that comprised the portfolio, are unaudited, and have not been independently verified. WCI also maintains all information supporting the performance results in accordance with regulatory requirements. Information pertaining to WCI’s advisory operations, services, and fees is set forth in WCI’s current disclosure statement, a copy of which is available from WCI upon request. Information pertaining to any mutual fund that is current component of a WCI model portfolio is set forth in each respective mutual fund’s prospectus, copies of which are available from WCI or directly from the mutual fund company. WCI also maintains all information supporting the performance results in accordance with regulatory requirements. Fee deductions: Performance returns illustrated are net of the maximum annual management fee of 1.90%, custodial fees of 0.25%, underlying mutual fund management fees, and other fund expenses such as 12b-1 fees. Management Fees and custodial fees are deducted quarterly.