The overall performance results of the Covered Calls Advisor Portfolio (CCAP) is presented monthly at the end of each calendar month. Results are based solely on the annualized percent change of the total dollar value of the CCAP.
For comparison purposes, the primary benchmark against which the portfolio’s performance is measured is the Schwab MarketTrack Balanced Portfolio (SWBGX), a worldwide, diversified asset allocation fund. SWBGX typically contains approximately 46% domestic stocks (26% large cap; 20% small cap), 16% international stocks, 34% bonds, and 4% cash.
The CCAP was initiated on 9/14/2007 with an initial total portfolio value of $250,000.
At market close on 12/31/2007, the total portfolio value was $257,886.51, a $7,886.51 increase in overall portfolio value since inception.
CCAP Annualized Return = +10.7%
[(257,886.51-250,000)/250,000]*(365/108 days)*100
Annualized Return for SWBGX Benchmark = +2.2%
[(16.79-16.68)/16.68]*(365/108 days)*100
The annualized returns for two additional benchmarks over the same time period were:
S&P 500 Index (IVV) = -4.0% [(146.74-148.51)/148.51]*(365/108 days)*100
Russell 3000 Index (IWV) = -4.1% [(84.40-85.43)/85.43]*(365/108 days)*100
