Antonio Menditto @TonyMusante: " Portfolio Analysis – April..."

Italy

Portfolio Analysis – April 2025 After a challenging start to the year for global markets, portfolio is reporting a YTD performance of -8.94%, roughly in line with the S&P 500 (-8.2%). Despite this correction, the portfolio remains fundamentally strong and consistent with its long-term, quality-driven strategy. Portfolio Composition Top sectors: Electronic Technology: 32.9% Technology Services: 12.8% Consumer Non-Durables: 9.9% Health Technology: 7.4% Transportation: 6.5% Geographic exposure: United States: 83.7% With additional exposure to Taiwan, Italy, Ireland, and Japan Stock exchanges: NYSE: 69.7% Nasdaq: 30.2% Dividends 20 out of 25 holdings pay dividends Average yield: 1.4% Top dividend contributors include: $JNJ (Johnson & Johnson) (3.19%), $KO (Coca-Cola), $LMT (Lockheed Martin Corporation), $DGX (Quest Diagnostics Inc) Risk Metrics Sharpe Ratio: 0.58 Sortino Ratio: 0.94 Beta: 0.75 (lower volatility than the market) Jensen’s Alpha: +3.3 (solid risk-adjusted outperformance) Omega Ratio: 1.07 Final Thoughts: The current drawdown reflects broader political uncertainty and protectionist rhetoric ahead of the U.S. presidential election. That said, the portfolio maintains a high-quality structure, solid sectoral diversification, and consistent dividend income. Despite the negative YTD, the 2-year return stands at +36.5%, and the 5-year return at +105.3%, confirming the strength of a disciplined, long-term value strategy.

4 Mentioned

JNJ

Johnson & Johnson

Coca-Cola

LMT

Lockheed Martin Corporation

DGX

Quest Diagnostics Inc

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