Here are the tactical asset allocation updates for June 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet.
First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. Only one change in the GTAA5 portfolio. REITs (VNQ) went to cash this month. GTAA5 is now 60% invested and 40% cash. For the timing version of the Permanent Portfolio long term bonds (VGLT) went to cash this month. The TAA version of the Permanent Portfolio is now 50% invested and 50% in cash.
Now for the more aggressive GTAA AGG3 and AGG6 portfolios.
Another big turnover in AGG3 this month and a new situation in AGG6. For AGG3, 2 of the 3 holdings changed again. VWO and VTV have been replaced by VBK and VBR. AGG6 has two changes this month. VWO dropped out and the last holding which would be VGLT is now on the cash signal. So, AGG6 now has only 5 holdings. The last 16.67% position should now be in cash. This hasn’t happened in a while so take special note of this.
Performance for the portfolios so far this year is in the table below. Numbers are for each month. I also added the YTD figures and added a new ETF, GAA, as a proxy for the Global Market Portfolio I posted on recently. The figures are estimates taken from a variety of sources. I don’t do detailed performance tracking until the end of the year.
If you’re a fan of the Antonacci dual momentum GEM and GBM portfolios, GEM continues to be invested in US stocks (VTI), and the bond momentum option of the GBM portfolio continues to be invested in US long term gov’t bonds (VGLT). No changes from last month.
That’s it for this month. These portfolios signals are valid for the whole month of June. As always, post any questions you have in the comments.