Performance

What are Litman Gregory’s expectations for fund risk levels? How does Litman Gregory define risk?

Our focus is on long-term return. Consequently we think of risk in terms of not achieving long-term return objectives. However, practically speaking we believe investors tend to think of risk in terms of absolute loss. So our general objective is to keep the risk of one-year loss roughly in line with each fund’s benchmark. The mix of managers and the number of managers is partly a function of this objective. There is no guarantee that this objective will be met.

What are Litman Gregory’s performance objectives for Litman Gregory Masters Funds?

The stated objective of each fund is to deliver long-term growth of capital. More specifically, we seek to out-return relevant benchmarks over the long run, which we define as at least five years. Taken further, we seek to outperform in the vast majority of rolling five-year time periods. There is no guarantee that these objectives will be met.