Roanoke, VA – February 3, 2022
LightPoint™ Portfolio Solutions (“LightPoint”), an asset manager committed to biblically responsible investing for over 20 years, is pleased to announce that two of the firm’s faith-based portfolios received an Overall Morningstar Rating™ of 4 stars.
The LightPoint Aggressive Mutual Fund/ETF Portfolio received an Overall Morningstar Rating™ of 4 stars among 119 separate accounts in the Allocation – 85%+ Equity Category, based on risk-adjusted returns as of December 31, 2021.
Additionally, the LightPoint Moderately Aggressive Mutual Fund/ETF Portfolio received an Overall Morningstar Rating™ of 4 stars among 265 separate accounts in the Allocation – 70% to 85% Equity Category, based on risk-adjusted returns as of December 31, 2021. Both strategies are global asset allocation portfolios that are screened for biblical values.
“We are delighted to reach this significant milestone and receive a Morningstar™ 4-Star Rating,” says CIO Hillary Sunderland. “We believe that the LightPoint Mutual Fund/ETF Portfolios provide a compelling solution to investors who want to align their investment portfolios with their most closely held beliefs. Our portfolios are diversified globally, not only across asset classes, but also across various investment styles and managers. By accessing investment talent from outside firms, either via mutual funds or exchange traded products, we are able to incorporate some of the world’s premier investment managers and a high level of knowledge and skill into our portfolios that otherwise would not be available at a single firm that uses proprietary investment products. We offer a thoughtful approach that strikes a balance between honoring faith values and adhering to fiduciary standards.”
Sunderland, who has more than 16 years of experience in the investment industry focused on asset allocation research, leads the firm’s highly credentialed investment management team, which has over 70 years of combined experience.
About LightPoint™ Portfolio Solutions
LightPoint™ Portfolio Solutions is a division of Beacon Wealth Consultants, Inc., a Roanoke, VA based investment advisor registered with the Securities & Exchange Commission. Beacon Wealth Consultants has been committed to faith-based investing for over 20 years and serves individual clients, corporate retirement plans, church retirement plans, and Christian financial advisors through portfolio management outsourcing. For additional information, please visit www.beaconwealth.com or www.lightpointportfoliosolutions.com.
© 2022 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 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.
Past performance is not indicative of future results. Client account values will fluctuate and may be worth more or less than the amount invested. Clients should not rely solely on this performance or any other performance illustrations when making investment decisions. Investment Advisory/Sub-Advisory services offered through Beacon Wealth Consultants, Inc, an investment advisor registered with the U.S. Securities & Exchange Commission. Registration does not imply a certain level of skill or training.