Investor Presentaiton
Jewish Values Strategy
Jewish Values Portfolio Characteristics
Forecast Beta
Forecast Volatility (%)
MSCI ACWI¹
Aperio Global SMA:
All Cash
Aperio SMA with
Jewish Values Strategy
Forecast Tracking Error (%)
0.00
0.45
0.70
1.00
1.00
1.00
12.39
12.39
12.43
2,773
500
466
2.53
2.55
2.57
54
56
622
0%
+15%
26
27
50
Number of Stocks
Dividend Yield (%)
Social Score
Social Score Tilt (%)
Israel Exposure Score
Notes on portfolio construction:
The optimizer* determines the lowest
possible tracking error given a beta of
1.00 and a Jewish Values Social Score of
62, as well as the number of holdings.
A sample portfolio
identical to the index.
Note that the tracking
error is 0.00%.
A sample Aperio Global
SMA portfolio with no
SRI constraints. Note
the incremental tracking
error resulting from not
holding the full universe
of securities.
A sample Jewish Values
portfolio. Note the
additional incremental
tracking error versus
the other two scenarios.
1The MSCI ACWI is provided as an example of an index which Aperio has selected, after consultation with the client, as the most appropriate
measurement index for portfolio performance. Aperio refers to this selection as a portfolio's "comparison index/benchmark."
2The weighted-average Jewish Values Social Score above, 62, is specific to the MSCI ACWI and may adjust slightly per comparison index.
*Details on Aperio's optimizer can be found in the disclosure under the heading "Optimizer."
aperio
The information in this table is shown as of 03/29/2019. The Hypothetical Portfolios are not based on an actual Aperio Group portfolio and are being shown for
illustrative purposes only. It should not be assumed that clients who actually invest in a Jewish Values portfolio will have the same results reflected above. This slide is
presented solely as an example and should not be considered investment advice. Aperio has the benefit of hindsight when putting together a Hypothetical Portfolio,
and there is no guarantee that the firm will make the same selections when putting together a similar portfolio for a client. This selection did not take into account any
client's overall investment objectives or restrictions that may be imposed. Please refer to the end of this presentation for additional important disclosures.
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