For the month of January 2011, the Covered Calls Advisor Portfolio (CCAP) increased by 2.15% compared with an increase of 2.12% for the benchmark Russell 3000 index.
CCAP Absolute Return (Jan 1st through Jan 31st, 2011) = +2.15%
($293,634.14-$287,453.75)/$287,453.75
Benchmark Russell 3000(IWV) Absolute Return(Jan 1st through Jan 31st, 2011) = +2.12%
($76.54-$74.95)/$74.95
2. Prior Years Results:
The Covered Calls Advisor Portfolio (CCAP) began in September, 2007. The annualized returns achieved each year for 2007 through 2010 compared with the Russell 3000 benchmark were as follows:
As a reminder, the Covered Calls Advisor Portfolio is not identical to the advisor's personal portfolio. However, it does provide a comparable overall portfolio return result since all equities in the CCAP are also held in the personal portfolio. To ensure comparability, all transaction dates and transaction prices herein are identical to those that were established in the Covered Calls Advisor's personal portfolio. The primary difference between the two accounts is the total number of shares held for each equity. This approach is used to preserve the confidentiality of the total value of the Covered Call Advisor's personal portfolio.
If you have any comments or questions, please feel free to submit them -- they are always welcomed. Click the 'comments' link below. If you prefer confidential communications, my email address is listed at the top-right sidebar of this blog site.
Regards and Godspeed,
Jeff
