1. Month of October 2009 Result:
The Covered Calls Advisor Portfolio decreased by 1.66% for the month of October 2009. In comparison, the benchmark Russell 3000 index (IWV) decreased by 2.60% for the month.
2. Year-to-Date Through October 2009 Results:
The 2009 Year-to-Date results are as follows:
CCAP Absolute Return (Jan 1st through October 31, 2009) = +31.15%
= ($261,949.96 - $199,733.10)/$199,733.10
Benchmark Russell 3000(IWV) Absolute Return (Jan 1st through October 31,2009) = +16.12%
= ($60.38 - $52.00)/$52.00
For the first ten months of 2009, the table below shows that CCAP has outperformed the Russell 3000 benchmark by 15.03 percentage points (31.15% - 16.12%):
"Stick with Covered Calls"!
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 by clicking the 'comments' link below. If you prefer more confidential correspondence, my email address is listed at the top-right sidebar of this blog site.
Regards and Godspeed,
Jeff
