Tactical Asset Allocation Strategy

Asset Allocation

Asset Allocation Weight

	Asset	Weight
	Commodities	2.29 %
	Emerging Market Bond	5.25 %
	Euro Infl-Linked	16.75 %
	Euro Corporate Bond	4.58 %
	Euro Equity	21.34 %
	Euro Governative Bond	24.04 %
	Global Equity	3.36 %
	Global Governative Bond	4.84 %
	Global Infl-Linked	2.76 %
	Gold	14.78 %

Fund Contribution

	label	Asset	Weight
	ENERW IM Equity	Commodities	2.29 %
	IEMB IM Equity	Emerging Market Bond	2.29 %
	IEMB IM Equity	Emerging Market Bond	2.96 %
	CI3 IM Equity	Euro Infl-Linked	10.35 %
	CI3 IM Equity	Euro Infl-Linked	6.41 %
	XBLC GY Equity	Euro Corporate Bond	4.58 %
	CSEMU IM Equity	Euro Equity	12.03 %
	CSEMU IM Equity	Euro Equity	9.3 %
	X25E IM Equity	Euro Governative Bond	14.73 %
	X25E IM Equity	Euro Governative Bond	9.3 %
	EUNL GY Equity	Global Equity	1.72 %
	EUNL GY Equity	Global Equity	1.64 %
	EUN3 GY Equity	Global Governative Bond	3.2 %
	EUN3 GY Equity	Global Governative Bond	1.64 %
	IUS5 GY Equity	Global Infl-Linked	1.48 %
	IUS5 GY Equity	Global Infl-Linked	1.28 %
	PHAU IM Equity	Gold	14.78 %

Portfolio Index Evolution

Annual Return

Monthly and Yearly Rate of Return

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual	Cumul
2018	0.9%	-1.6%	1%	0.6%	0	-0.4%	0.5%						0.9%	35.38%
2017	-1.5%	2.3%	0.2%	0.9%	0.1%	-2.1%	-0.2%	0.6%	0.9%	1.4%	-0.1%	-0.6%	1.8%	34.16%
2016	1.3%	1.4%	0.6%	-0.2%	1.6%	1.7%	4.2%	-0.2%	-0.2%	-1.7%	-2.1%	2.1%	8.9%	31.74%
2015	8.3%	1.7%	2.9%	0.8%	-3.9%	-3.7%	0.9%	-3.1%	-0.7%	4.2%	0.7%	-3.2%	4.2%	20.97%
2014	2.3%	1.8%	0.7%	1%	2.1%	1.4%	0.9%	2.6%	-0.5%	-0.4%	2.5%	0.9%	16.5%	16.07%
2013	-0.6%	-0.8%	1.9%	1%	-0.8%	-4.8%	2.2%	-0.2%	1.4%	1.3%	0.3%	-1.1%	-0.4%	-0.4%

Drawdown Index Evolution

Risk Statistics

	1 Year	3 Years	5 Years
Volatility	4.2%	10.89%	14.76%
Max Drawdown	3.21%	5.1%	12%
Worst Month	-1.6%	-3.2%	-3.9%
Worst Quarter	0.2%	-2.9%	-6.8%
Best Month	1.4%	4.2%	8.3%
Best Quarter	1.3%	3.8%	12.9%