Roanoke, VA — August 10, 2020. Beacon Wealth Consultants, Inc. is pleased to announce that their LightPoint™ Portfolios MF/ETF Aggressive strategy has earned an Overall Morningstar™ Rating of 4 stars out of 109 separate accounts in the Asset Allocation – 85%+ Equity category for the period ending June 30, 2020.
The LightPoint™ Aggressive MF/ETF strategy seeks very aggressive growth by investing primarily in mutual funds, exchange traded products and closed-end funds.
Reflecting on this news CEO Rick Laymon notes, “This Morningstar™ rating validates what we have known and demonstrated over 20 years of managing Biblically Responsible Investing portfolios — you don’t necessarily have to sacrifice quality performance in order to honor your faith values with your investing.”
As part of a rigorous Biblically Responsible Investing process, the investment managers selected for inclusion in the LightPoint™ Portfolios are diligently screened in an effort to exclude equity ownership of companies that are engaged in business practices and philanthropic activities and/or activism that run counter to traditional Judeo-Christian principles on a best efforts basis given the complexity of monitoring individual securities within a mutual fund or ETF. Specifically, these are companies involved in the abortion and pornography industries; companies that are the most aggressive advocates of anti-family lifestyles and causes; companies primarily engaged in predatory lending; companies with significant human rights violations; and companies that promote and exploit human addiction: alcohol, gambling and tobacco stocks for whom this is a primary business activity.
Alternatively, the LightPoint™ Portfolios seek to identify attractive investment opportunities in Shining Light Companies, which are defined as those exemplary companies that live out the Golden Rule in their varied business practices; demonstrate strong servant leadership and corporate governance; and create compelling value through the products and services they offer.
The LightPoint Portfolios are managed and distributed by Beacon Wealth Consultants, Inc., a Registered Investment Adviser under the U.S. Securities and Exchange Commission. For more information, please contact us at (540) 345-3891 or info@beaconwealth.com . Past performance is not indicative of future results.
© 2020 Morningstar™. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar™ and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating™ is presented as supplemental information.
The Morningstar Rating™ for funds, or “star rating”, is calculated for separate accounts with at least a three-year history. It is calculated based on a Morningstar™ Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar™ Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar™ Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/ 20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.