Thursday, August 6, 2009

Returns -- Through July 2009

This report on the Covered Calls Advisor Portfolio (CCAP) performance results for the month of July 2009 were delayed a few days since I just returned from vacation. The results shown below are as of the market close on July 31st.

1. Month of July 2009 Result:

The Covered Calls Advisor Portfolio increased by 3.14% for the month of July 2009. In comparison, the benchmark Russell 3000 index (IWV) increased by 7.04% for the month.

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

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

CCAP Absolute Return (Jan 1st through July 31, 2009) = +30.36%
= ($260,372.06 - $199,733.10)/$199,733.10

Benchmark Russell 3000(IWV) Absolute Return (Jan 1st through July 31,2009) = +10.88%
= ($57.66 - $52.00)/$52.00

For the first seven months of 2009, the table below shows that CCAP has outperformed the Russell 3000 benchmark by 19.47 percentage points (30.36% - 10.88%):

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.

Regards and Godspeed,