Monday, August 31, 2009

Returns -- Through August 2009

This report presents the Covered Calls Advisor Portfolio (CCAP) performance results through August 2009.

1. Month of August 2009 Result:

The Covered Calls Advisor Portfolio increased by 1.96% for the month of August 2009. In comparison, the benchmark Russell 3000 index (IWV) increased by 3.50% for the month.


2. Year-to-Date Through August 2009 Results:

The 2009 Year-to-Date results are as follows:

CCAP Absolute Return (Jan 1st through August 31, 2009) = +32.85%
= ($265,345.35 - $199,733.10)/$199,733.10

Benchmark Russell 3000(IWV) Absolute Return (Jan 1st through August 31,2009) = +14.77%
= ($59.68 - $52.00)/$52.00

For the first eight months of 2009, the table below shows that CCAP has outperformed the Russell 3000 benchmark by 18.08 percentage points (32.85% - 14.77%):















3. Prior Years Results:

The Covered Calls Advisor Portfolio (CCAP) was begun in September, 2007. The annualized returns achieved for 2007 and 2008 compared with the Russell 3000 benchmark results were as follows:









Note: This Covered Calls Advisor uses a bottom-line performance measure to determine overall portfolio investment performance results -- it is called 'Total Account Value Return Percent'. A simple example demonstrates how it is calculated:
If the total CCAP portfolio value was $100,000 at the beginning of the calendar year and $110,000 at the end of that year (and with no deposits or withdrawals having been made), then the 'Total Account Value Return Percent' would be +10.0% [($110,000-$100,000)/$100,000]*100.

If you have any comments or questions, please feel free to submit them -- they are always welcomed. Click the 'comments' link below or post them on the justcoveredcalls Yahoo!Group site. If you prefer confidential communications, my email address is listed at the top-right sidebar of this blog site.

Regards and Godspeed,

Jeff