FACTS AND DATASHEET
The Charitable Equity Opportunities Account (CEO) seeks better-than-average returns as compared to its benchmark. It is equally committed to providing ongoing charitable contributions to the account owner(s) preferred charity through donations made by the firm. The account spans different industries, sectors, and geographic opportunities, typically of large capitalization company stock and underlying investment-grade corporate bonds.
As the account does not operate as an index fund, but rather, an investment strategy based on the philanthropic activities of its core equity holdings, it should not be viewed as an indexed fund. Nevertheless, it is loosely benchmarked to the S&P 500 Index for comparative purposes only. The account maintains a buy-and-hold strategy, and seeks long-term capital appreciate through growth, and cash-flow through dividends and interest payments. The account does not support margin or options-trading capabilities.
Common benchmarks: S&P 500
Top 10 Holdings
|Bank of America||BAC|
|Eli Lilly and Company||LLY|
|3-Year Annualized Return*||Average Yield||Benchmark Average Yield||Variance||Income Ratio**||Beta||Risk
(Scale 1 to 10)
Bloomberg Barclays US Aggregate Bond Index
|Account Value (US)||Our Donation|
|>$1,000,000||$2,500 + 10% of fee|
1. Assumes even number of shares purchased at time of account inception. Actual returns may vary depending on date purchased.
2. As of date of account inception.
3. Assumes that 1 equals low risk, while 10 equals extremely high risk.
4. Based on even number of shares purchased at time of account inception. Assumes that companies held in the account declared regular dividends as determined by their board of directions. Neither Global Advisers, nor Galleon Wealth Management assumes any responsibility for that amount of dividends paid. Dividends declared by any company are never guaranteed.
5. Based on industry standards and averages, whereas the average account management fee equals 1.5%. Does not include any commissions or other fees charged by custodian
6. The total annual operating expense paid by the account owner after any fee waiver and/or expense reimbursements that will reduce any operating expenses. This number does not include any fee waiver arrangement or expense reimbursement that may be terminated without agreement of the investment adviser during the one-year period.
7. While there is no minimum amount required to begin investing, accounts that do not meet certain requirements may be charged a monthly maintenance fee by the custodian.
8. Account management fees are charged by the investment adviser for providing regular, ongoing service. It does not include commissions, which may be charged separately by the custodian.