It’s another pretty boring month for the leveraged permanent portfolio (data here). Technically, we’re still a bit above the target 12% volatility threshold, but not by much. So I’m going to continue to let it ride.
Performance-wise, US Large Cap Equities have made up some ground on the portfolio recently. However, the leveraged permanent portfolio remains much better diversified, including nearly 30% in cash and Treasury futures, and a further 26% in ex-US equities.