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FactorGrowth risk

Ben Felix Model Portfolio

Ben Felix / PWL Capital

In brief

A globally diversified index core with systematic tilts toward small, value, and profitability factors.

Profile sources: PWL Capital

Published
Last reviewed

At a glance

5 asset sleeves

Rebalance annually.

Growth assets

0%

Bonds & reserves

0%

Other diversifiers

100%

Target allocation

What the portfolio holds

U.S. total market

VTI

42%

International developed

IEFA

24%

Emerging markets

IEMG

12%

U.S. small value

AVUV

14%

International small value

AVDV

8%

Tickers are liquid U.S.-listed examples, not recommendations or exact historical fund selections.

Allocation sources: PWL Capital

Decision context

Potential advantages and trade-offs

These observations follow from the displayed allocation and implementation. They are not a recommendation or a prediction of future performance.

Potential advantages

  • Spreads its target allocation across 5 distinct sleeves rather than relying on a single holding.
  • Includes non-U.S. exposure, reducing exclusive dependence on one national market.
  • Makes its factor tilts explicit rather than hiding them inside a broad-market allocation.
  • Publishes explicit target weights, making drift and rebalancing decisions measurable.

Important trade-offs

  • Factor tilts can lag broad markets for long periods and require tolerance for persistent tracking error.
  • Representative ETF results can differ from the originator's indexes, funds, taxes, fees, and execution.

Portfolio Visualizer

Compare historical performance

Backtest this allocation beside two familiar U.S. equity benchmarks. The comparison starts with $10,000, reinvests dividends, and rebalances annually.

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Growth of $10,000

Monthly total returns · maximum available history

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5 holdings

Portfolio 1

Ben Felix Model Portfolio

Target allocation from this profile

100%

Portfolio 2

S&P 500

SPY benchmark

100%

Portfolio 3

Nasdaq-100

QQQ benchmark

Portfolio Visualizer opens in a new tab because its site does not support embedded frames. Results begin at the latest common inception date for the selected funds.

Implementation note

Representative U.S.-listed implementation; PWL model allocations and fund choices can change.

Sources and context

Target allocations are educational examples, not personalized advice. Fund availability, taxes, trading costs, account type, time horizon, and capacity for loss can all change the appropriate implementation. Historical diversification does not guarantee future results.

Sources document the strategy, underlying methodology, or the representative funds used here. ETF tickers are illustrative U.S.-listed implementations and may differ from an originator’s original funds or current model.